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 Responds to House SALT Bill
Yesterday, the Parity for Main Street Employers coalition sent a letter to House tax writers raising serious concerns with their plan to provide temporary relief from the SALT deduction cap by permanently raising the top tax rate applied to pass-through…
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…
Main Street Hill Briefing
The Parity for Main Street Employers coalition and the S Corporation Association will host a Hill lunch briefing at noon on October 24th in the Kennedy Caucus Room (SR-325). The briefing is open to Hill staff and tax professionals, and…
Tax Day Message from Main Street Employers
For Tax Day, Parity for Main Street Employers Executive Director Chris Smith’s has an opinion piece in The Hill addressing recent calls for tax increases and highlighting the introduction of The Main Street Tax Certainty Act of 2019 to make the 20 percent pass through deduction…