Tax Foundation · Apr 15, 2026
Testimony: The Impact of the 2025 Reconciliation Law’s Tax Changes on Small Businesses and Lessons for Future Tax Reform
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 Testimony: The Impact of the 2025 Reconciliation Law’s Tax Changes on Small B.... Worth reviewing for potential client impact.
Summary
Policymakers should broaden and make permanent full expensing for additional asset classes and pursue structural reforms that reduce distortions in how businesses are taxed. A more consistent and predictable policy environment, paired with targeted improvements to loss treatment, R&D incentives, and compliance burdens, would give small business owners greater confidence to invest, hire, and grow.
Classification
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Original Source
We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.
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