Kustoff's Bill Boosts Small Business Tax Relief

0:00It's April 22nd. I'm Cory with the story. This is U.S. News Today, driven by AI and built for America. Rep. David Kustoff from Tennessee just dropped the bill to boost tax relief for small businesses, jacking up the qualified business income deduction, from 20% to 23% for non-corporate owners. This comes right as Republicans push pro-growth tax moves alongside funding for the Department of Homeland Security, which has been shut down since. Mid-February. Kustoff says it's solid policy that helps small shops and family farms nationwide, and he's got six fellow House Republicans co-sponsoring it. It builds on the 2017 tax cuts that slash corporate rates from 35 to 21%. They're eyeing the budget reconciliation process to skip the 60 vote Senate hurdle and pass it with a simple majority, just like their big 20. 25 tax package. Lawmakers might fold this in before Congress wraps, offsetting costs through growth benefits,

1:00and Kustoff's betting it'll ride that reconciliation. Wave to reality.