Dear Editor,
Since my appointment as the Mid-Atlantic Regional Administrator at The U.S. Small Business Administration (SBA) in April this year, I have traveled the Mid-Atlantic Region meeting small business owners in all facets of industries – from a hair salon in Denton, Maryland to ship repair and maintenance provider in Suffolk, Virginia, to a dairy farm in Pennsylvania. Whether I’m in a rural area in West Virginia or an urban area in Delaware, one thing remains the same – taxes are one of the top issues for small businesses.
The One Big Beautiful Bill (OBBB) extends the 199A passthrough deduction, which will generate $750 billion in economic growth and create over one million new Main Street jobs. There are an estimated 18 thousand firms in West Virginia which could be eligible for the deduction, or about 40 percent of all firms.
In addition, the OBBB boosts take-home pay for the typical hardworking family. It is estimated to increase wages in West Virgina from $2,800 to $5,000 and protect 29,000 full-time equivalent jobs over the next four years if the Tax Cuts and Jobs Act had been allowed to expire.
The OBBB delivers tax cuts to working families and job creators. The SBA stands ready to empower entrepreneurs to start and grow their small businesses. Visit www.sba.gov to learn more about the SBA.Nikki Bowmar
Public Affairs Specialist
West Virginia District Office
U.S. Small Business Administration
(304) 623-7445
Cell (202) 805-9169
nikki.bowmar@sba.gov
