Home/Tag: reichert

BIG (Built-In Gains) Day

The Ways and Means Committee Subcommittee on Select Revenue Measures heard from Members last week on the tax extenders they care most about. Given the relative dearth of legislative opportunities this year, there was lots of interest in the session and lots of member involvement. Twenty-seven Members showed up to state their case for the tax breaks they believe should be made permanent and would create jobs and help the economy.

From our perspective, they saved the best for last, as the final witness of the day was S-Corp champ Congressman Dave Reichert (R-WA), who made the case for the common-sense

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2019-02-01T20:21:28+00:00May 1, 2012|

As Study Finds S Corps Employ One-Quarter of Private Sector Workers, New Legislation Improves S Corp Governance

Report Finds Flow-Through Businesses Essential to U.S. Economy

On the heels of a new report finding that flow-through businesses furnish more than half of the private sector jobs in the U.S., Ways & Means Committee members Dave Reichert (R-WA) and Ron Kind (D-WI) today will introduce the S Corporation Modernization Act of 2011 (H.R. 1478).

The study – released today and authored by Drs. Robert Carroll and Gerald Prante of Ernst & Young LLP – finds that fifty-four percent of all private sector employees (69 million) work for pass-through businesses, and one out of four private sector workers (31 million)

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2019-02-01T20:48:06+00:00April 12, 2011|