Shreveport Business Owner Advocates for Tax Deduction Renewal

Shreveport, LA, September 8, 2025

News Summary

Chris Rhodes, owner of the Crockett Street Trading Company in Shreveport, is taking action in Washington, D.C. to advocate for the Main Street Certainty Act’s renewal. This act provides a critical 20% tax deduction that many small businesses depend on for their financial stability. Without its renewal, over 30 million small business owners face a significant tax increase, threatening job creation and economic growth. Rhodes emphasizes the importance of small businesses, asserting they are vital for the economy and community. The potential impact of this act on job creation and GDP is substantial, highlighting urgent legislative action.

Shreveport – Chris Rhodes, the owner of the Crockett Street Trading Company in Shreveport, is set to represent Louisiana’s small business sector in Washington, D.C., as he advocates for the permanent renewal of the Main Street Certainty Act. This act, which provides a temporary 20% tax deduction for small business owners, is due to expire at the end of this year, placing significant financial strain on over 30 million small business owners across the nation.

Without an extension of this crucial tax deduction, small business owners would face a substantial 20% tax increase beginning in 2026. Rhodes highlights the importance of small businesses, arguing that they form the backbone of the American economy, and the implications of this deduction are far-reaching for the community at large.

The Main Street Certainty Act, enacted in 2017, allows qualifying small business owners to deduct 20% of their revenue, greatly reducing their overall tax liability. This reduction in taxes has vital implications: it enables business owners to reinvest in their operations, possibly expanding their workforce, upgrading equipment, or enhancing overall business infrastructure.

A recent report from Ernst & Young projects significant economic benefits if the deduction is renewed. It estimates that renewing this tax deduction could lead to the creation of nearly 18,000 jobs in Louisiana and boost the state’s GDP by approximately $940 million over ten years. Texas stands to gain even more, with potential job growth topping 140,000 and an estimated $6 billion contribution to its GDP stemming from this deduction.

Representative Nathaniel Moran from Texas, a member of the House Ways and Means Committee, is co-sponsoring the legislation to extend this tax benefit. Without the renewal of the deduction, small businesses may see their effective tax rates rise drastically from 21% to an alarming 43%. This steep increase could have a devastating effect on small enterprises—Ernst & Young suggests that failing to extend the deduction may lead to an annual loss of up to 1.2 million jobs over the next decade.

The urgency surrounding this issue is underscored by the notion that Congress is at an “economic crossroads,” where decisions made will have profound implications for small business vitality and the financial stability of working families across the nation.

Key Implications of the Main Street Certainty Act

• Tax Deduction: 20% deduction on revenue for small businesses.
• Potential Job Creation: Nearly 18,000 jobs in Louisiana; over 140,000 in Texas.
• GDP Impact: Estimated GDP increase of $940 million in Louisiana and $6 billion in Texas over ten years.
• Tax Rate Increase: Effective tax rates could rise from 21% to 43% without renewal.
• Long-Term Projections: Loss of up to 1.2 million jobs annually if the deduction is not extended.

Economic Context

The Main Street Certainty Act provides crucial support to small businesses, which are often seen as the cornerstone of the economy. Their ability to thrive directly correlates with job creation and economic stability, both at the local and national levels. The potential consequences of losing this tax deduction highlight the need for timely action by lawmakers to support the small business sector.

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Additional Resources

• KTBS: Shreveport Small Business Owner Advocates for Tax Relief
• Wikipedia: Small Business
• Bossier Press: Business Awards Announcement
• Shreveport Times: Hargrove Roofing’s Growth Story
• KTAL: Shreveport Businessman Climbs Aconcagua for Charity

Author: STAFF HERE SHREVEPORT WRITER

The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.