199A TCJA - The S Corporation Association

A Tale of Two Studies

The Brookings Institution is out with two new tax studies, one great, one not so much.

The great one is a paper by Bill Gale, Adam Looney and Elena Patel calling for a border-adjusted cash-flow tax. This is something S-Corp supported when it was debated in Congress back in 2016, and it’s still a good idea. Why? It would balance out tax rates between industries and financing methods, it would eliminate the need for all those ridiculous international rules, and it would fit nicely into a corporate integration regime that would level the playing field for close-held businesses …

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admin2026-06-17T20:39:03+00:00June 17, 2026|

The Main Street Case for the Working Families Tax Cuts

A broad coalition of Main Street organizations is making the case for the Working Families Tax Cut Act and what it means for the businesses that drive the American economy.

Earlier today, around 100 trade associations signed onto a letter thanking lawmakers for enacting the historic tax relief last year. The letter was organized by our Main Street Employers Coalition and highlights the bill’s real, lasting benefits to the pass-through businesses that employ the majority of private sector workers:

Making permanent lower marginal rates and the Section 199A small business deduction were key to the success of the bill. Those provisions …

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admin2026-04-06T19:21:00+00:00April 6, 2026|

Washington Post vs. Washington State

Over the weekend, the Washington Post offered a welcome dose of clarity in the debate over who really bears the burden of higher taxes. As the Board put it:

Taxing ‘the rich’ would affect most private-sector workers, who are employed by pass-throughs but are not rich themselves. Jacking up taxes on small employers isn’t going to help make the American economy fairer or more competitive.

This is a big issue that we touched on just last week. S&P 500 companies employ roughly 18 percent of the U.S. workforce, while privately-owned firms employ nearly 80 percent.

…

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admin2026-03-05T16:29:39+00:00March 5, 2026|

The Economy Beyond Wall Street

If you follow financial news, you could be forgiven for thinking the American economy begins and ends with Nvidia, Apple, and a handful of other S&P 500 giants.

But a recent analysis from Apollo’s Torsten Slok offers a useful reminder that those companies represent a much smaller slice of the actual economy than their coverage suggests. The numbers, instead, point straight to Main Street.

Slok’s data shows that S&P 500 companies employ roughly 18 percent of the total US workforce and account for about 21 percent of all capital investment in the economy. Privately owned firms, by contrast, drive nearly 80 …

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admin2026-03-02T19:04:03+00:00February 27, 2026|

The Big Winners in OB3 (Part 2)

Tuesday’s election results underscore the importance of redoubling efforts to help voters understand the benefits delivered to them by the One Big Beautiful Bill (OB3).

It’s not like we don’t have lots to work with here. For example, our friends at EY recently broke out revenue estimates of the bill’s major provisions in a Tax Notes article. Their findings support S-Corp’s observation that most of OB3’s benefits went to middle-income families and family-owned businesses engaged in traditional Main Street industries.

Here’s the report:

Of the estimated net $4.5 trillion decrease in taxes from 2025-2034, this analysis estimates that OBBBA provisions will …

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admin2025-11-06T16:59:54+00:00November 6, 2025|