,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #biga  ,,in ,,the ,,house ,,of  
,,representatives  ,may #bc1 #bjai,mr4  
,biggs introduced the following bill2   
which was referred to the ,committee on 
,ways and ,means  ,a ,,bill  ,to amend  
the ,internal ,revenue ,code of #aihf to
 increase and expand the deduction for  
qualified business income4  #a4 ,short  
title ,this ,act may be cited as the    
,freedom for ,small ,businesses ,act of 
#bjai4  #b4 ,increase and expansion of  
deduction for qualified business income 
7a7 ,deduction made permanent ,section  
#aii;,a of the ,internal ,revenue ,code 
of #aihf is amended by striking         
subsection 7i74  7b7 ,deduction ,to     
achieve a top rate on qualified business
 income of #ba percent ,subsections     
7a77#b71 7b77#a77;,b71 and 7b77#b77;,a7 
of section #aii;,a of such ,code are    
each amended by striking #bj percent and
 inserting #dc percent 7#dg percent in  
the case of any taxable year beginning  
after ,december #ca1 #bjbe74  7c7       

,repeal of limitation based on ,w-#b    
wages paid with respect to the trade or 
business ,section #aii;,a7b77#b7 of     
section #aii;,a of such ,code1 as       
amended by subsection 7a71 is amended to
 read as follows3  7#b7 ,determination  
of deductible amount for each trade or  
business ,the amount determined under   
this paragraph with respect to any      
qualified trade or business is #dc      
percent 7#dg percent in the case of any 
taxable year beginning after ,december  
#ca1 #bjbe7 of the taxpayer's qualified 
business income with respect to the     
qualified trade or business4  4  7d7    
,repeal of exclusion of specified       
service trades or businesses ,section   
#aii;,a7d7 of such ,code is amended to  
read as follows3  7d7 ,qualified trade  
or business ,for purposes of this       
section1 the term qualified trade or    
business means any trade or business    
other than the trade or business of     
performing services as an employee4  4  
7e7 ,conforming amendments  7#a7        

,section #aii;,a7b7 of such ,code1 as   
amended by subsection 7d71 is amended-- 
7,a7 by striking paragraphs 7#c71 7#d71 
and 7#f71 and redesignating paragraphs  
7#e7 and 7#g7 as paragraphs 7#c7 and    
7#d71 and  7,b7 by the lesser of-- and  
all that follows in paragraph 7#d7 7as  
so redesignated7 and inserting #i       
percent of so much of the qualified     
business income with respect to such    
trade or business as is properly        
allocable to qualified payments received
 from such cooperative4  7#b7 ,section  
#aii;,a7e7 of such ,code is amended by  
striking paragraph 7#b74  7#c7 ,section 
#aii;,a7f77#a7 of such ,code is amended 
to read as follows3  7#a7 ,application  
to partnerships and s corporations  7,a7
 ,in general ,in the case of a          
partnership or ,s corporation-- 7i7 this
 section shall be applied at the partner
 or shareholder level1 and  7ii7 each   
partner or shareholder shall take into  
account such person's allocable share of
 each qualified item of income1 gain1   

deduction1 and loss4  ,for purposes of  
this subparagraph1 in the case of an ,s 
corporation1 an allocable share shall be
 the shareholder's pro rata share of an 
item4  7,b7 ,treatment of trades or     
business in ,puerto ,rico ,in the case  
of any taxpayer with qualified business 
income from sources within the          
commonwealth of ,puerto ,rico1 if all   
such income is taxable under section #a 
for such taxable year1 then for purposes
 of determining the qualified business  
income of such taxpayer for such taxable
 year1 the term ,united ,states shall   
include the ,commonwealth of ,puerto    
,rico4  4  7#d7 ,section                
#aii;,a7f77#d77;,a7 of such ,code is    
amended by striking and wages4  7#e7    
,section #aii;,a7g77#a7 of such ,code is
 amended by striking subparagraph 7,b7  
and redesignating subparagraph 7,c7 as  
subparagraph 7,b74  7#f7 ,section       
#aii;,a of such ,code is amended by     
striking subsection 7h74  7f7 ,effective
 date ,the amendments made by this      

section shall apply to taxable years    
beginning after ,december #ca1 #bjai4