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Washington Wire

Talking Taxes In a Truck

February 6th, 2020|

S-Corp is starting a new podcast.  In episode 1, Cornerstone Macro Partner Andy Laperriere talks elections, the State of the Union, the future of tax policy, and UFOs with S Corporation Association President Brian Reardon.  The podcast was recorded on February 5th and runs 21 minutes long. You can access the podcast on Libsyn by clicking here or on the play button below.

Brookings and Progressivity

February 5th, 2020|

We interrupted our impeachment viewing last week for a Brookings Institute briefing exploring various ways the Congress could raise taxes. A book of revenue raising recommendations accompanying the briefing weighed in at a hefty 368 pages.  According to the book’s editors, “This book is about taxes. It poses a simple question: Given that the United States needs more revenue, how should we raise it?” It’s too early for us to digest all 368 pages, but ...

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Our Chairman’s Annual Letter

January 22nd, 2020|

Dear S-CORP Member: The S Corporation Association recently surveyed voters and asked them how much private companies and other taxpayers should pay in taxes every year? Almost without exception, the responses were consistent, reasonable and completely out of step with today’s rhetoric.  Voters believed family businesses should pay no more than twenty cents for every dollar of income, or about half what most actually pay and less than one-third what they would pay under a ...

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Video on Main Street Employers’ Briefing

January 7th, 2020|

Video on Main Street Employers’ Briefing   In case you missed it, S-Corp has posted video of its October briefing on Main Street tax issues on its website. The briefing, which took place in the historic Senate Russell Caucus Room and was hosted by the Parity for Main Street Employers coalition, featured Senator Steve Daines (R-MT), Martin Sullivan (Tax Analysts), Bob Carroll (EY), David Winston (The Winston Group) and Chris Smith Parity for Main Street ...

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Main Street Responds to House SALT Bill

December 11th, 2019|

Yesterday, the Main Street Employers coalition sent a letter to House tax writers raising concerns with their plan to provide temporary relief from the SALT deduction cap by raising the top tax rate applied to pass-through business income. As the letter states: Individually and family owned businesses organized as S corporations, partnerships and sole proprietorships are the heart of the American economy. They employ the majority of workers, and they contribute the most to our ...

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