WASHINGTON — U.S. Sen. Jon Ossoff on Tuesday introduced a bipartisan bill aimed at cutting taxes for small businesses in Georgia and across the country.
Ossoff, a Democrat, joined Sen. Cindy Hyde-Smith, R-Miss., in sponsoring the Support Small Business Growth Act of 2025, which would create a new federal tax deduction for qualifying small businesses with fewer than 15 employees.
Under the proposal, eligible businesses could claim a deduction based on a percentage of the wages they pay employees during the year, reducing their overall income tax burden.
“Small businesses are the backbone of our economy,” Ossoff said. “Our bipartisan bill will cut taxes for small businesses and make it easier for them to compete, grow, and create jobs in our communities.”
Hyde-Smith said the legislation is designed to help small operations that often operate on narrow margins
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“Small businesses often operate on a very thin profit margin, especially those with very few employees,” she said. “This legislation would create a special tax deduction to help these small businesses, many of them mom-and-pop operations, retain workers and keep the doors open.”
Ossoff has made small business support a focus of his work in the U.S. Senate. In August, he introduced the bipartisan Service-Disabled Veteran Opportunities in Small Business Act with Sen. John Kennedy, R-La., aimed at helping disabled veteran-owned businesses succeed. In May, he cosponsored the Simplifying Subcontracting Act to streamline the process for small businesses seeking federal contracts.
Last year, Ossoff’s bipartisan Investing in VETS Act was signed into law, expanding contracting opportunities for service-disabled veteran-owned small businesses.
The full text of the Support Small Business Growth Act of 2025 is available online, here.
