From The Washington Wire

Connecticut Moves on SALT Fix for Pass-Throughs

When the dust settled on last year’s tax overhaul, pass-through businesses were confronted with new rules for deducting State and local taxes – if they paid the taxes at the entity level, they could deduct them.  If the taxes were paid at the owner... 


Senate Reviews Tax Bill

Yesterday’s Finance Committee hearing on the tax bill was interesting, if only to remind viewers that it’s way too early to pass final judgement on the tax overhaul.  Not that several Committee members didn’t try. Exhibit A was a new Joint Committee... 


Making States More Main Street Business Friendly

(For clarity purposes, this write-up focuses on S corporations.  The arguments and policy conclusions largely apply to partnerships as well.) Like C corporations, S corporations are subject to state and local income taxes imposed on qualified business... 


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