CONGRESS FOR VOTERS

RepublicanBill · H.R. 8415· House(119-HR-8415)

Small Business Tax Cut Act

Rep. Kustoff
Age: 60 years
Tennessee
Introduced
4/21/2026
Last activity
4/21/2026 — Referred to the House Committee on Ways and Means.
Sponsored by
David Kustoff
Cosponsors
Republican - 11Democrat - 0
Taxation
  1. Introduced
  2. In Committee

What this bill would do

The ``Small Business Tax Cut Act'' aims to amend the Internal Revenue Code of 1986. It increases the deduction for qualified business income from 20 percent to 23 percent. The bill also modifies how limitations are determined based on a taxpayer's taxable income. Additionally, it expands the deduction to include certain interest dividends from qualified business development companies. Finally, the act modifies inflation adjustments and sets an effective date for taxable years beginning after December 31, 2026.

Yes· 3 of 12

  • Would business owners be better off under this?+6

    The core purpose of the bill is to increase the tax deduction for business income.

  • Does this make it easier to run a small business?+6

    The act specifically targets and increases deductions for qualified business income.

  • Does this cut taxes for small businesses?+5

    The increase in the deduction from 20 percent to 23 percent directly lowers the tax burden for qualified businesses.

The opposite

  • Does this reduce what the federal government owes?-2

    Increasing tax deductions generally reduces federal revenue, which could increase the deficit.

  • Does this make the government pay for what it commits to?-1

    The tax cut may negatively impact long-term fiscal health by reducing revenue.