H.R. 703: Main Street Tax Certainty Act

H.R. 703 is a federal bill in the 119th Congress. Before this bill, certain business owners could deduct up to 20 percent of their business income on their federal taxes, but that deduction was scheduled to disappear after December 31, 2025. After this bill takes effect, that 20 percent tax deduction… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.