The Washington Wire Archive - The S Corporation Association

New York’s SALT Follies

As the NY State Assembly extends the debate over its budget, here’s more on the SALT Parity “haircuts” included in their plan. These haircuts will hurt thousands of small and large New York pass-throughs, accelerate the “highest in the nation” taxpayer migration out of the state, and give credence to the PTET critics. In other words, they’re a really bad idea.

S-Corp initiated its SALT Parity campaign to level the playing field with large public C corporations. Under the federal SALT cap, C corporations continue to deduct their SALT whereas most of the state and local taxes paid …

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admin2026-04-09T14:07:59+00:00April 9, 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|

Hochul’s Comments in Perspective

Not to beat a dead horse, but the Governor of New York’s comments to Politico the other day are worth reviewing, if only for what they reveal about the mental state of certain political leaders. Viewing productive, successful businesses as “captives” to the tax code doesn’t strike us as the basis of a healthy relationship.

It’s also not the basis of a healthy economy. As evidenced by this nice map, New York is bleeding taxpayers and revenues and, judging from the Governor’s remarks, that’s not likely to change anytime soon.

So …

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admin2026-03-24T15:07:42+00:00March 24, 2026|

Talking Taxes in a Truck Episode 48: What Are They Thinking Out There?

On our latest episode we’re joined by Jack Salmon, Research Fellow at the Mercatus Center and contributor to The Unseen and Unsaid. Jack helps us walk through how the aggressive tax policies being considered in California and Washington State will likely shrink the tax base in those states as high earners relocate, investment shifts elsewhere, and revenue projections miss the mark. We also touch on the federal tax outlook and some of the massive fraud being uncovered in federal healthcare programs.

admin2026-03-20T18:33:31+00:00March 20, 2026|

California Wealth Tax Misses the Target

A new paper out of the Tax Policy Network on the “one-time” California wealth tax initiative highlights just how untethered the proponents’ revenue estimates are from reality. The assumptions driving the initiative are so thin, they call into question whether this initiative is designed to raise revenue, or simply punish rich people.

Here’s the key graph:

Where do the estimates come from? The group of economists who helped construct the wealth tax proposal used a back-of-the-envelope calculation to estimate how much revenue it would raise: they started with the Forbes billionaire …

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admin2026-03-18T16:34:14+00:00March 18, 2026|