NFFS joins coalition in support of business income deduction for passthroughs

The Non-Ferrous Founders’ Society (NFFS) has joined a broad coalition of business organizations in signing a letter to Congress in support of the Main Street Tax Certainty Act of 2025, introduced by Senator Steve Daines (R-MT) and Representative Lloyd Smucker (R-PA). This critical legislation seeks to make permanent the 20-percent business income deduction for pass-through entities (Section 199A), ensuring long-term tax relief for millions of small and family-owned businesses across the country.

Pass-through businesses—including S corporations, partnerships, and sole proprietorships—comprise 95% of all U.S. businesses and employ 62% of the private sector workforce. These businesses form the foundation of local economies, driving job creation and economic growth. However, without congressional action, the Section 199A deduction is set to expire at the end of 2025, creating uncertainty and a potential tax increase on the very businesses that sustain American communities.

Recent analysis underscores the importance of making this deduction permanent. A study by Ernst & Young (EY) estimates that allowing Section 199A to expire could put 2.6 million jobs at risk. Other economic research has shown that extending the deduction would level the playing field for Main Street businesses, spur investment, and promote higher economic growth.

NFFS supports the swift passage of this legislation to provide long-term tax certainty for small manufacturers and other pass-through businesses. As economic challenges persist—including inflation, labor shortages, and supply chain disruptions—ensuring tax relief for these businesses is more critical than ever.

NFFS will continue advocating on behalf of non-ferrous foundries and will keep members informed of legislative developments affecting the industry. For more information or to get involved in NFFS advocacy efforts, visit www.nffs.org.