The Washington Wire

/The Washington Wire

S-Corp Member Call: Policy Response to COVID-19

On March 30, Tom Nichols and Brian Reardon held an S-Corp Member call covering essential parts of the Phase II and Phase III bills passed by Congress in response to the COVID-19 pandemic, including: The new mandated leave provisions; The delayed income tax deadline and payroll tax holiday; and The new small business loan program Tom Nichols is a shareholder at Meissner Tierney Fisher & Nichols in Milwaukee and the long-time Chair of the S Corporation Association Advisory Board.  Brian Reardon is the President of the S Corporation Association. You can listen to the call by clicking here.  The Powerpoint ...

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S-Corp Member Call: Policy Response to COVID-192020-04-03T14:39:15+00:00

Economic Solutions to COVID-19 Beginning to Emerge

It appears Washington is coalescing around a set of policies to help families and businesses while the economy is effectively shut down.  California’s “stay home” order is illustrative of the challenge – how do businesses survive when the government is telling everybody to stay home? Just a week after states and localities began aggressively telling people to stay home, most businesses are confronting an indefinite period of sharply reduced demand or, in some cases, no demand at all.  For those businesses, the key question is how much cash do they have and how long can they keep their workers on ...

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Economic Solutions to COVID-19 Beginning to Emerge2020-03-20T18:00:17+00:00

Main Street Response to COVID-19

Yesterday, over 100 business groups wrote to the Congress and the Administration requesting that the response to the economic crisis confronting us is on the same scale as steps being taken to respond to the virus itself.  Entire portions of the economy have been shut down, and already businesses are closing their doors and laying off workers.  For the economic response to be effective, it needs to be broad and it needs to be in place quickly. Here’s the text of the letter.  You can access the pdf and the signatories here.    

Main Street Response to COVID-192020-03-23T13:50:09+00:00

Talking Taxes In a Truck Episode 3 – Coronavirus Response Update

Did you miss Saint Patrick’s Day?  We did too.  It isn’t even mentioned in our third podcast where we talk to Jim Capretta, former OMB official and resident fellow at the American Enterprise Institute.  Topics we do cover include the policy response to the coronavirus and what health policy will look like leading up to the election.  Recorded on March 17, 2020 — 22 minutes. You can access the podcast on Libsyn by clicking here.

Talking Taxes In a Truck Episode 3 – Coronavirus Response Update2020-03-18T20:56:58+00:00

Coronavirus and Main Street

How the coronavirus plays out in the public health sphere is anybody’s guess, but its current progress all but demands a response from Congress.  What might that look like?  Here’s what some of the experts are saying: Cornerstone Macro – “Investors expecting a loud, bipartisan “amen” to calls for a massive bipartisan fiscal stimulus are not likely to hear it today.  Something is likely to happen, but the timing and size are uncertain.  Right now almost no one knows what they support, including President Trump.”  March 10th Capital Economics – “Coronavirus outbreak to prompt fiscal response.  It looks increasingly likely ...

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Coronavirus and Main Street2020-03-11T18:31:25+00:00