Скачать или смотреть One Big Beautiful Bill Act opens new growth opportunities for small businesses

Small business owners have new opportunities to grow, invest, and plan for the future thanks to the recently passed One Big Beautiful Bill Act. In today’s episode of U.S. Chamber of Commerce Small Business Update, Tom Sullivan, vice president of Small Business Policy at the U.S. Chamber of Commerce, unpacks what this new law means for small business owners.

The One Big Beautiful Bill Act (OBBA) delivers two major benefits: immediate cash relief and permanent tax provisions that create long-term predictability.

Freeing up cash is urgent for small businesses. Owners can now reinvest in hiring, employee pay, and operational growth without the uncertainty that comes from expiring tax rules. The bill makes previously temporary measures, like research and development immediate expensing, permanent, giving small businesses the confidence to invest without worrying about sudden tax changes.

Among the law’s headline provisions is the permanent 20% qualified business income (QBI) deduction, which applies to sole proprietors, LLCs, and S-Corps. The bill also raises the state and local tax deduction cap, preventing federal tax savings from being offset by higher state taxes. This ensures small businesses retain more of their capital for investment.

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