Business Coalition Joins Together on PPP Deductibility
Read the full letter by clicking here.
Main Street Is About to Get Hit with a Surprise Tax Increase
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…
Survey: Policy Priorities for Main Street Businesses
Read the full analysis by clicking here.
Main Street Employers Statement in Support of PPPFA
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…
Main Street Statement in Response to the HEROES Act Tax Hike
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…
Net Operating Loss and Loss Limitation Rules in the CARES Act
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…
Main Street Employers Briefing
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…
Whiteboard Video on Challenges Faced by Main Street Businesses
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…
Main Street Employers Coalition Comments on Proposed Section 199A Rules
"We are pleased that the proposed rules permit aggregation in a broad range of circumstances. While PMSE members have specific concerns with Section 199A and its application under the proposed rules, we are unified that a well-constructed aggregation policy is…
PMSE Statement on Treasury 199A Regulations
The Parity for Main Street Employers Coalition welcomes Treasury’s guidance applying the new 20% tax deduction to thousands of U.S. businesses organized as pass-throughs—the S-corps, sole proprietorships, and partnerships that comprise 95% of all businesses and who employ the majority of American workers.…