The Washington Wire Archive - The S Corporation Association

US Best for Workers

If you’re looking for a Canadian-themed joke this Labor Day, look past Ryan Reynolds blaming the 1980s on the Cuban Missile Crisis — was he drunk? — and focus instead on senatorial candidate Abdul El-Sayed’s claim that if “you want to achieve the American Dream, well, you should move to Canada because it’s twice as likely there.”

That argument is so laughably wrong, even the Canadians disagree with it. A 2024 study by the Vancouver-based Fraser Institute compared the per capita income for the Canadian provinces and US states and found the Canadians are a little behind:

Only one …

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admin2026-09-07T18:59:59+00:00September 7, 2026|

The Expense Cycle

Critics of last year’s tax bill are citing the decline in corporate tax receipts as evidence that the bill was too generous to Wall Street. True, corporate tax collections are down…

Receipts from corporate income taxes totaled $452 billion in 2025, which was lower than their 2024 total of $530 billion…CBO expects corporate tax receipts to decline further in 2026, to $404 billion (or 1.3 percent of GDP).

…even as corporate profits are up:

Profits are booming at America’s biggest companies—and their leaders say that likely won’t change soon. From Target and J.M. Smucker to farm-equipment maker Deere, companies spanning the breadth of the U.S. …

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admin2026-09-02T18:17:46+00:00September 2, 2026|

CTA Deceptions

The wild-eyed response to FinCEN’s recent rollback of the Corporate Transparency Act (CTA) is just the latest example of how some in the media promote an activist agenda at the expense of Main Street.

For those not paying attention, the CTA was a big swing and a miss in the campaign to crack down on the use of shell companies that engage in illicit finance. The idea was to collect better information to reveal the real beneficiaries of money laundering.

The adopted law, however, defined shell companies as every small business in the country. No exaggeration — every small business in America, …

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admin2026-08-20T21:27:27+00:00August 20, 2026|

Setting the Record Straight

This week the Treasury Department took the important step of finalizing its Corporate Transparency Act rules. While the move was cheered by the broader Main Street business community, a small contingent on social media has been spinning it as a “win for criminals.”

For example, here’s the start of a multi-part thread from former Congressman Tom Malinowski that’s laden with falsehoods:

The reality is that the CTA, as designed, does little to catch actual criminals, and instead penalizes millions of law-abiding business owners instead. Real criminals don’t self-report. Drug traffickers, money …

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admin2026-08-14T19:45:49+00:00August 14, 2026|

Revisiting the Myth of Corporate Decline

In 2019 we dismantled the claim that the corporate sector was withering away and that those pesky pass-throughs were to blame. Seven years on, the numbers have only made our case stronger.

Corporate profits hit $4.42 trillion last quarter on an annualized basis, while their after-tax profits reached 12.4 percent of GDP, the second-highest reading in decades. C corps aren’t going away; they are consolidating and getting larger.

Which is why we continue to focus on the need for balance between public companies and private ones, and how the tax code’s treatment of each determines whether Main Street can …

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admin2026-08-13T19:11:32+00:00August 13, 2026|