Economic effects of the QBI deduction?

The qualified business income (QBI) deduction allows owners of pass-through entities to deduct 20% of their profits (with certain adjustments) as a personal deduction if they qualify to do so. This deduction went into effect in 2018 and is scheduled to expire at the end of 2025. The Congressional Research Service issued a report on the economic effects and policy issues of the QBI deduction. The report said the deduction had no known impact on investments in noncorporate businesses or on job creation. The report explained various scenarios that could happen to the deduction after 2025, including expiration, permanent extension, revision, or replacement with a different tax regime. Who knows what will happen? #IdeaoftheDay