PMSE Statement on Final Treasury Pass-Through Deduction Regulations

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January 18, 2019 By Chris SmithPMSE Executive Director “A Section 199A deduction that applies broadly to Main Street Employers organized as passthroughs is essential to maintain parity with C corporations and the new 21-percent rate. While the final rules provide some additional clarity, the Treasury chose not to adopt recommendations of the Main Street community on important issues, including aggregation and de minimis rules.” “The economic response to tax reform has been relatively muted in part because the tax relief … Read More