Speaker Mike Johnson Promotes Permanent Small Business Expensing Provisions in Federal Tax Package

WASHINGTON, DC — House Speaker Mike Johnson concluded a multi-state congressional economic policy tour, detailing the House Republican legislative agenda to enact permanent small business capital expensing and preserve individual tax reductions ahead of the 2027 statutory expirations.

Protecting Main Street Capital Investments

Speaker Johnson stated that preserving Section 199A pass-through deductions and immediate equipment write-offs provides stability for manufacturers, agricultural producers, and independent retail businesses facing elevated interest rates. The House Ways and Means Committee has prepared draft statutory language for the upcoming budget reconciliation framework.

Speaker Johnson maintained that pro-growth tax policies empower American job creators and prevent federal revenue burdens from stunting industrial competitiveness.

Congressional Committee Debate and Revenue Scrutiny

House Democrats argued that permanent corporate provisions expand long-term federal deficits and called for expanding child tax credits for low-income working families.

The National Federation of Independent Business (NFIB) endorsed the permanent expensing framework.

Legislative Calendar

Floor debate on the comprehensive tax and budget reconciliation act is scheduled following the September congressional recess.