S213119th CongressWALLET

Main Street Tax Certainty Act

Sponsored By: Senator Steve Daines

Introduced

Summary

This bill would make permanent the qualified business income (QBI) deduction that lets many individuals, estates, and trusts deduct up to 20% of qualifying business income. The QBI deduction currently expires after December 31, 2025. The bill would remove that sunset by striking subsection (i) of section 199A. It does not change the deduction's 20% rate, definitions, or existing wage and property limits.

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Permanent pass-through business tax break

If enacted, this bill would make the pass-through business tax deduction (the QBI deduction) permanent. You would still use the same rules and limits to figure the deduction. The bill would not change deduction rates, wage (W-2) limits, or capital thresholds. The change would take effect upon enactment. This mainly helps sole proprietors, partners, and S corporation shareholders who claim the deduction.

Sponsors & CoSponsors

Sponsor

Steve Daines

MT • R

Cosponsors

  • Chuck Grassley

    IA • R

    Sponsored 1/23/2025

  • Kevin Cramer

    ND • R

    Sponsored 1/23/2025

  • Jerry Moran

    KS • R

    Sponsored 1/23/2025

  • Marsha Blackburn

    TN • R

    Sponsored 1/23/2025

  • Mike Rounds

    SD • R

    Sponsored 1/23/2025

  • Shelley Capito

    WV • R

    Sponsored 1/23/2025

  • Pete Ricketts

    NE • R

    Sponsored 1/23/2025

  • Katie Britt

    AL • R

    Sponsored 1/23/2025

  • James Risch

    ID • R

    Sponsored 1/23/2025

  • Eric Schmitt

    MO • R

    Sponsored 1/23/2025

  • Roger Wicker

    MS • R

    Sponsored 1/23/2025

  • Cynthia Lummis

    WY • R

    Sponsored 1/23/2025

  • Cindy Hyde-Smith

    MS • R

    Sponsored 1/23/2025

  • Tommy Tuberville

    AL • R

    Sponsored 1/23/2025

  • Ted Cruz

    TX • R

    Sponsored 1/23/2025

  • James Lankford

    OK • R

    Sponsored 1/23/2025

  • John Hoeven

    ND • R

    Sponsored 1/23/2025

  • Thomas Tillis

    NC • R

    Sponsored 1/23/2025

  • Roger Marshall

    KS • R

    Sponsored 1/23/2025

  • James Justice

    WV • R

    Sponsored 1/23/2025

  • Tim Sheehy

    MT • R

    Sponsored 1/23/2025

  • Deb Fischer

    NE • R

    Sponsored 1/23/2025

  • Joni Ernst

    IA • R

    Sponsored 1/23/2025

  • Bill Cassidy

    LA • R

    Sponsored 1/23/2025

  • John Thune

    SD • R

    Sponsored 1/23/2025

  • Ted Budd

    NC • R

    Sponsored 1/23/2025

  • Rick Scott

    FL • R

    Sponsored 1/23/2025

  • Bill Hagerty

    TN • R

    Sponsored 1/23/2025

  • John Barrasso

    WY • R

    Sponsored 1/23/2025

  • Todd Young

    IN • R

    Sponsored 1/23/2025

  • John Kennedy

    LA • R

    Sponsored 1/23/2025

  • Tim Scott

    SC • R

    Sponsored 1/23/2025

  • Jim Banks

    IN • R

    Sponsored 1/23/2025

  • Tom Cotton

    AR • R

    Sponsored 1/23/2025

  • John Curtis

    UT • R

    Sponsored 1/23/2025

  • Dan Sullivan

    AK • R

    Sponsored 1/23/2025

  • Lindsey Graham

    SC • R

    Sponsored 1/23/2025

  • John Boozman

    AR • R

    Sponsored 1/24/2025

  • Bernie Moreno

    OH • R

    Sponsored 1/24/2025

  • Jon Husted

    OH • R

    Sponsored 1/27/2025

  • David McCormick

    PA • R

    Sponsored 1/28/2025

  • Mike Lee

    UT • R

    Sponsored 1/28/2025

  • Josh Hawley

    MO • R

    Sponsored 4/3/2025

  • Susan Collins

    ME • R

    Sponsored 4/29/2025

  • John Cornyn

    TX • R

    Sponsored 5/14/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov

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