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How the U.S. Chamber’s Support for the “Big Beautiful Bill” Could Transform Small Business Growth

Erika Willitzer
Jun 30
2 min read

The U.S. Chamber of Commerce is throwing its full weight behind the newly signed One Big Beautiful Bill Act, a sweeping tax reform package that’s poised to reshape the landscape for small businesses across America. With President Trump signing the bill into law on July 4, 2025, the Chamber has hailed it as a “game-changer” for entrepreneurs, job creators, and local economies.

🏛️ What’s in the Bill for Small Businesses?

The legislation makes permanent several provisions from the 2017 Tax Cuts and Jobs Act that were set to expire, while introducing new reforms tailored to small business needs. Here are the highlights:

20% Qualified Business Income Deduction
This popular tax break for pass-through entities like sole proprietorships and partnerships is now permanent. It helps level the playing field between small businesses and large corporations by reducing taxable income.
Expanded Section 179 Expensing
The bill raises the limit for immediate expensing of equipment and property from $1 million to $2.5 million, allowing small businesses to invest in growth without waiting years to recover costs through depreciation.
Retroactive R&D Tax Relief
Small businesses with under $31 million in annual gross receipts can now retroactively deduct research and experimental expenses from 2022 onward. This is a lifeline for startups and innovators who were previously forced to amortize these costs over five years.
Enhanced Child Care Credit
Employers can now claim up to $600,000 in tax credits for providing child care services, with small businesses receiving a higher percentage of qualified expenses covered. This supports workforce retention and family-friendly policies.
Qualified Small Business Stock Incentives
Investors in small businesses can exclude more gains from taxes, with the per-issuer cap raised from $10 million to $15 million. This could unlock new funding opportunities for entrepreneurs.

📈 Why the U.S. Chamber Is All In

The Chamber’s endorsement isn’t just about tax cuts—it’s about long-term stability. By making these provisions permanent, the bill gives small businesses the confidence to hire, expand, and innovate without fear of sudden tax hikes or policy reversals.

Watson McLeish, Senior VP for Tax Policy at the Chamber, emphasized that the reforms “deliver meaningful benefits to America’s small businesses” and reflect lawmakers “listening to small business voices—and taking them to heart”.

💼 What It Means for Small Business Owners

More Cash Flow
Lower taxes and faster deductions mean more money to reinvest in operations, marketing, and hiring.
Simplified Planning
With permanent rules, business owners can make long-term decisions without worrying about shifting tax codes.
Greater Access to Capital
Enhanced stock exclusions and R&D deductions make small businesses more attractive to investors and lenders.
Support for Working Families
Child care credits help businesses offer benefits that attract and retain talent, especially in competitive labor markets.