With the Senate back in town this week, here’s a quick recap on the status of the S Corp reform tax title we’ve been advocating in Congress:
- First, on January 10th, the House passed a clean minimum wage increase and sent the legislation to the Senate.
- Second, on January 31st, the Senate added by voice vote $8 billion worth of small business tax provisions to the House wage increase, including an S Corporation Reform tax title incorporating several S Corp priorities.
- Third, on February 16th, the House adopted its own $1 billion small business tax relief alternative to the Senate package. This package …