FOR IMMEDIATE RELEASE

Media Contact
Janel Knight Trulear
janel@emccommunications.com
(617) 875-6581

Small Business Group: House bill ignores needs of small businesses while adding $3.8 trillion to the deficit, favoring corporations over Main Street

Statement by Small Business for America's Future Co-chair Anne Zimmerman, Owner of Zimmerman & Co CPAs Inc.

May 22, 2025 – "The bill the House passed this morning favors large corporations, adds a staggering $3.8 trillion to the deficit and disregards the needs of Main Street businesses already struggling with the impacts of tariffs. The Senate should reject this expensive approach and create legislation that genuinely assists small businesses, nearly 80% of whom fear a recession is coming, while avoiding huge debt for future generations. We need responsible spending that truly helps Main Street.

“Instead, this House bill would make permanent a small business deduction that has failed to help most small businesses expand, hire, or pay down debts. It also preserves the enormous 40% tax rate cut large corporations received under the Tax Cuts and Jobs Act. Once again, big business wins while the real needs of Main Street are ignored.

"The bill does nothing to address our most pressing challenges— soaring healthcare costs. Instead, it further damages a broken system by implementing changes to Medicaid that will lead to 10 million Americans being uninsured. What small businesses need are extended Affordable Care Act subsidies to make healthcare more affordable, allowing us to attract and retain talent while controlling costs. Healthcare costs remain among the top concerns for small business owners, with 90% experiencing steep premium increases in the past year.

"Congress needs to recognize that small businesses are the backbone of our economy—creating nearly half of all jobs, driving innovation, and supporting communities in every corner of America. We deserve economic policies and a tax code that help us thrive and grow, not misguided legislation that makes it harder for us to compete with large corporations. Senators need to recognize this and deliver a bill that actually addresses our needs."

To schedule an interview with a representative from Small Business for America's Future, contact Janel Knight Trulear at janel@emccommunications.com or (617) 875-6581.

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About Small Business for America's Future
 Small Business for America's Future is a national coalition of small business owners and leaders advocating for policy solutions that promote a thriving, inclusive economy. We work to ensure that lawmakers prioritize the needs of Main Street, advancing a just and equitable economic framework for small business owners, their employees, and their communities. For more information, visit www.smallbusinessforamericasfuture.org.