The Washington Wire - The S Corporation Association

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|

Talking Taxes in a Truck Episode 20: “Bully Tactics”

Back by popular demand is guest Joe Lieber, Director of Research at policy research firm Washington Analysis. Joe dives into the implications of the recent primary elections and highlights which House and Senate races he’s watching most closely. Then Joe and Brian debate just how dead the Build Back Better Act is and Joe lays out a compelling – and terrifying – case for why it still could pass in the coming months. We wrap things up with some predictions, a poorly-worded question about tacos, and an exploration of luxury travel.

This episode of Talking Taxes in a Truck was recorded …

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admin2022-05-26T18:52:14+00:00May 26, 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|

NIIT Picking

Tax Notes is out with a new piece that makes the case for expanding the Net Investment Income Tax (NIIT). The article quotes exclusively from individuals who would like to see the tax applied to a broader base of income. Absent is anybody from the business community, which is uniformly opposed to these tax hikes.

Instead, the article comes across as an advocacy piece highlighting people long opposed to the pass-through structure as a whole. The article starts off:

President Biden has proposed addressing a long-perceived flaw with the net investment income tax, but as with his predecessors, political considerations …

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admin2022-05-11T13:51:13+00:00May 11, 2022|