Rep. Craig Introduces Bill to Cut Taxes for Small Business Owners

May 8, 2025 Press Release WASHINGTON, DC – Today, during Small Business Week, U.S. Representative Angie Craig re-introduced her bill to cut taxes for small businesses and put more money back into Minnesotans’ pockets. Rep. Craig’s Small Business Tax Relief Act will cut the corporate tax rate for small businesses to 18%, increase the self-employment tax deduction for small business owners and help reduce the national deficit. “Small businesses are the backbone of Minnesota’s economy, and we should be doing everything we can to make it easier for them to start and grow their operations,” said Rep. Craig. “ While the Administration remains hell-bent on advancing a tax cut for billionaires and corporations, I’m leading the charge to cut taxes for working Minnesotans and small business owners.” Full text of the Small Business Tax Relief Act can be found here . ### Issues : Small Business