Home/admin

About admin

This author has not yet filled in any details.
So far admin has created 596 blog entries.

Coronavirus and Main Street

How the coronavirus plays out in the public health sphere is anybody’s guess, but its current progress all but demands a response from Congress.  What might that look like?  Here’s what some of the experts are saying:

Cornerstone Macro – “Investors expecting a loud, bipartisan “amen” to calls for a massive bipartisan fiscal stimulus are not likely to hear it today.  Something is likely to happen, but the timing and size are uncertain.  Right now almost no one knows what they support, including President Trump.”  March 10th

Capital Economics – “Coronavirus outbreak to prompt fiscal response.  It

(Read More)

2020-03-11T18:31:25+00:00March 11, 2020|

SALT Parity Update

Lots of progress on the SALT Parity front to report! As readers know, S-Corp and the Parity for Main Street Employers coalition has advocated for the restoration of the federal SALT deduction to businesses organized as S corporations, partnerships, and LLCs.

In Minnesota, the House Tax Committee yesterday considered HF871, legislation introduced by Representative Greg Davids to enact our SALT Parity approach. The hearing featured supportive testimony from Beth Kadoun from the Minnesota Chamber of Commerce, Mike Hickey from the National Federation of Independent Business, and John Kammerer from Redpath and Company and the S Corporation Association.



(Read More)

2020-03-06T19:33:31+00:00March 6, 2020|

Talking Taxes In a Truck Episode 2 – SALT Parity Update

Got some time waiting for that new Hillary Clinton podcast?  We’ve got you covered.  S-Corp President Brian Reardon talks pass-through SALT parity and the recent “Steiner” Utah Supreme Court decision with Bruce Ely, Partner and S corporation expert at the Bradley law firm in Birmingham Alabama.  Recorded on February 25, 2020 — 19 minutes.

You can access the podcast on Libsyn by clicking here.

 

 

 

2020-02-28T21:12:28+00:00February 6, 2020|

Brookings and Progressivity

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 the book raises one issue that’s worth exploring from the onset – the progressivity of the U.S. Tax Code and which direction we’re headed. 

(Read More)

2020-02-05T20:49:22+00:00February 5, 2020|