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Wall Street is setting records even as millions of Main Street businesses struggle to stay alive, so what’s Congress doing?  Sneaking legislation onto the Defense Authorization Act that makes life easier for big New York City banks by shifting their…

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An Op-ed by Christopher Smith, Executive Director of the Parity for Main Street Advisors coalition, ran this morning in the Morning Consult. The Payroll Protection Program enacted this past spring has helped millions of employers and workers survive an economy…

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The Parity for Main Street Employers issued the following statement following the House adoption of the Paycheck Protection Program Flexibility Act of 2020: “The Parity for Main Street Employers coalition welcomes the overwhelming bipartisan House vote of support for the…

The Parity for Main Street Employers issued the following statement in response to the release of the HEROES Act:  “The HEROES Act includes 1800 pages of legislative text and $3 trillion of relief, nearly all of it designed to help…

What is a Net Operating Loss (NOL) Carryback? An NOL is the amount by which a company’s expenses exceed its income. An NOL that is “carried back” may be deducted from income earned in previous years, resulting in a refund…

The Parity for Main Street Employers coalition and the S Corporation Association hosted a Hill lunch on October 24th, 2019. The briefing focused on the pass-through sector and how it has fared under tax reform.  Speakers included Senator Steve Daines…

We worked hard to make sure this video articulates the unique challenges confronting Main Street businesses following tax reform. We think it does a great job! We intend to take this message to the Hill and the agencies, joined by…