Earlier this week, S-Corp President Brian Reardon hosted a webinar for its membership to highlight the threat President Biden’s American Families Plan poses to individually and family-owned businesses.

The presentation focused on the “Triple Threat” pass-throughs face from the plan — it would raise taxes on their operations, their sale, and when they are passed on to the next generation.  This combination of tax hikes threatens their very ability to exist.

The webinar also addressed the faulty assumptions underpinning the Biden tax plan, including the fictions that the tax code has become less progressive …

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The inequality narrative driving tax policy this year is built on three shaky foundations: (1) that the rich have captured all the economic gains in recent years, (2) that Americans support very high tax rates, and (3) that America thrived under much higher tax rates than are being considered today.  S-Corp addressed the first two fallacies (here and here).  A recent Senate Finance Committee hearing on how to make the tax code fair provides a good example of why the third leg is just as unstable.

The hearing featured Abigail Disney, who is part of the group …

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Politico recently ran a story about the soul-searching taking place in the polling community, whose 2020 projections predicted a landslide victory for Joe Biden and an significant expansion of the Democratic majority in the House.

“Twenty-twenty was an ‘Oh, s—‘ moment for all of us,” said one pollster involved in the effort, who was granted anonymity to discuss the process candidly. “And I think that we all kinda quickly came to the point that we need to set our egos aside. We need to get this right.”

That’s about where the answers end. The collaboration’s first public statement acknowledges that their industry “saw …

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