The Washington Wire Archive - The S Corporation Association

Stop Main Street Tax Hikes

With Congress set to depart DC for the next two weeks, there’s been a notable increase in chatter regarding the status of BBB negotiations:

On Friday, Politico reported that Schumer and Manchin met twice last week. They’ve only met six times this whole Spring, so that suggests the pace of discussions is ramping up.
Monday, Bloomberg published an article suggesting that talks were making progress, including a specific agreement on EV tax credits.
Yesterday, Bloomberg reported that a new fee on methane emissions from oil and gas operations is going to be part of the package.
And …

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admin2022-06-23T15:31:15+00:00June 23, 2022|

Congress Needs Its Anti-Recession Tools

With the odds of a recession rising, a common tool used to counter past slowdowns may no longer be available. That’s bad news for private businesses and the workers they employ. Congressional tax-writers need to start thinking about this issue now, while there’s still time to address it.

The tool in question is allowing businesses suffering losses to carry those losses back to previous years, reducing their tax liability in those years, and receiving refunds now while the economy is doing poorly. The benefit itself is mostly one of timing. Any refunds received while the economy is slow will be …

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admin2022-06-13T12:27:55+00:00June 10, 2022|

The $10 Billion Tax Cut No One’s Talking About

The Wall Street Journal’s Richard Rubin is out with a new piece that looks at our ongoing SALT Parity efforts, and the massive savings they’ve unlocked for hundreds of thousands of family businesses across the country.

Before getting to the good news, a quick primer for those new to the issue. The state and local tax (SALT) deduction cap imposed by the Tax Cuts and Jobs Act (TCJA) put S corporations and partnerships at a competitive disadvantage. C corporations could continue to fully deduct their SALT as a business expense while …

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admin2022-05-31T20:40:40+00:00May 31, 2022|

Webinar Recap: Inflation, Taxes, and Family Businesses – What do Voters Really Think?

Yesterday, S-CORP hosted a webinar to highlight the results of our new national survey. David Winston, whose research and polling firm conducted the survey, was on hand to break down the results and explain how voters feel about inflation, the Build Back Better Act, the current state of the economy, and their potential impact on November’s elections.

As David made clear, the polling shows that Americans are well aware of the impact additional federal spending and tax hikes would have on inflation and are simply not on board with the Administration’s plans to increase taxes, particularly those on Main Street …

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admin2022-05-20T12:39:14+00:00May 20, 2022|

Webinar: Inflation, Taxes, and Family Businesses – What do Voters Really Think?

Please join us this Thursday, May 19th at 4pm (ET) for a webinar highlighting the results of our new national survey.

David Winston, whose research and polling firm The Winston Group conducted the survey, will explain how voters feel about inflation, various tax proposals under consideration, the current state of the economy, and how it all impacts family businesses.

S Corporation Association President Brian Reardon will host the webinar and will be on hand to answer attendees’ questions throughout the event.

Click here to see the full invitation and …

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admin2022-05-19T13:48:51+00:00May 19, 2022|