The Washington Wire Archive - The S Corporation Association

The More Tariffs Change, the More They Stay the Same

Tariffs are a little outside our wheelhouse, but last week’s Supreme Court decision striking down the IEEPA tariffs has broader implications for the tax policy landscape. Here are some thoughts.

First, as we noted the last time tariffs were on the front page, striking down the IEEPA tariffs doesn’t really change the landscape for the next few years. As Bruce Mehlman posted over the weekend, the President has many options when it comes to tariffs, and has made clear he plans to use them:

Second, the decision is unlikely to affect …

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admin2026-02-23T22:37:06+00:00February 23, 2026|

Main Street Backs Regulatory Relief Bill

This week, S-Corp joined more than 70 trade associations in urging House leadership to advance meaningful regulatory relief for Main Street employers.

The effort was led by the National Federation of Independent Business. It backs the Prove It Act (HR 1163), legislation that would strengthen the Regulatory Flexibility Act, a 1980 law that requires federal agencies to analyze the impact of proposed regulations on small businesses and consider less burdensome alternatives. Despite being on the books for 45 years, agencies have routinely found ways to sidestep these requirements.

The letter notes the dramatic regulatory shifts of recent years and the urgent need …

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admin2026-02-11T22:44:56+00:00February 11, 2026|

OB3 Refund Story Includes Main Street

In October we chatted with Piper Sandler’s Don Schneider to preview what the One Big Beautiful Bill would mean for tax season. Don forecast one of the largest refund seasons in history, with the typical refund level expected to grow by nearly $100 billion.

Now the firm is out with new analysis confirming those predictions. It also details how Main Street businesses can expect to benefit.

Based on the latest numbers, Main Street business owners will receive an estimated $27 billion in additional tax refunds during the 2026 filing season. These immediate savings stem from the restored bonus depreciation, immediate expensing, …

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admin2026-02-06T18:23:47+00:00February 6, 2026|

Talking Taxes in a Truck Episode 47: Jared Walczak on the Wealth Tax Proposal That’s Forcing Californians to Flee

On the latest episode of Talking Taxes in a Truck, we’re joined by Jared Walczak, Senior Fellow at the Tax Foundation, to unpack California’s proposed wealth tax and what it signals for state tax policy nationwide. Walczak explains why the unprecedented 5 percent tax – particularly its aggressive valuation rules for founders with super-voting shares – could dramatically overtax entrepreneurs, invite serious legal challenges, and accelerate capital and job flight. Jared also zooms out to talk national migration patterns, as many states move to cut taxes and boost competitiveness while a small number double down on higher taxes, intensifying interstate …

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admin2026-01-30T18:36:38+00:00January 30, 2026|

Tax Cuts Don’t Sell Themselves (But Big Refunds Help)

As tax season progresses, supporters of the Working Families Tax Relief Act are highlighting the provisions that made it possible.

That’s good news because tax cuts don’t sell themselves. As our friend David Winston pointed out in a recent op-ed, convincing Americans they benefited from tax legislation is often harder than passing it in the first place. Absent a concerted effort, the big refunds that are set to hit bank accounts in the months ahead won’t be connected back to the tax bill passed last summer.

Just to be clear – there’s lots to sell. Tax filing season is officially …

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admin2026-01-28T17:17:16+00:00January 28, 2026|