Christine Walizer, Author at The S Corporation Association

Economic Solutions to COVID-19 Beginning to Emerge

It appears Washington is coalescing around a set of policies to help families and businesses while the economy is effectively shut down. California’s “stay home” order is illustrative of the challenge – how do businesses survive when the government is telling everybody to stay home?

Just a week after states and localities began aggressively telling people to stay home, most businesses are confronting an indefinite period of sharply reduced demand or, in some cases, no demand at all. For those businesses, the key question is how much cash do they have and how long can they keep their workers on payroll …

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admin2020-03-20T18:00:17+00:00March 20, 2020|

Main Street Response to COVID-19

Yesterday, over 100 business groups wrote to the Congress and the Administration requesting that the response to the economic crisis confronting us is on the same scale as steps being taken to respond to the virus itself. Entire portions of the economy have been shut down, and already businesses are closing their doors and laying off workers. For the economic response to be effective, it needs to be broad and it needs to be in place quickly.

Here’s the text of the letter. You can access the pdf and the signatories here.

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admin2020-03-23T13:50:09+00:00March 19, 2020|

Talking Taxes In a Truck Episode 3 – Coronavirus Response Update

Did you miss Saint Patrick’s Day? We did too. It isn’t even mentioned in our third podcast where we talk to Jim Capretta, former OMB official and resident fellow at the American Enterprise Institute. Topics we do cover include the policy response to the coronavirus and what health policy will look like leading up to the election. Recorded on March 17, 2020 — 22 minutes.

You can access the podcast on Libsyn by clicking here.

admin2020-03-18T20:56:58+00:00March 18, 2020|

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 10^th

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

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admin2020-03-11T18:31:25+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.