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Pass-Through Tax Rates

Pass-Through Tax Rates

The new Tax Framework proposes a 25 percent tax on pass-through business income, but would likely limit the lower tax rate to only a portion of pass-through income.

NSBA Weighs-in on Tax Framework

NSBA recently applauded the tax reform framework’s efforts to ease complexity, but urged parity among corporate and individual tax rates–where the majority of small-business income is taxed.

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Treasury Withdraws Valuations Rule

Treasury has announced plans to withdraw or revise eight regulations promulgated in late 2016 including one that would have nixed “valuation discounts” under the estate tax.

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Tax Reform Update

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Tax Reform Update

Later this week, the House is set to vote on a 2018 budget resolution, the first step to advance tax reform by a simple majority and avoid a Democratic filibuster.

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NSBA Statement on Big Six Tax Plan

NSBA’s Todd McCracken weighs in on the “Big Six” tax plan which addresses key priorities yet includes a gap in tax rates for small vs. large companies.

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Big Six Unveil Tax Reform Framework

On Sept. 27, leaders in both chambers of Congress and the administration released the Unified Framework for Fixing Our Broken Tax Code. The framework created by the so-called Big Six provides guidelines for the congressional tax-writing committees as they craft legislation. The group is composed of Speaker Paul Ryan (R-Wis.), Senate Majority Leader Mitch McConnell (R-Ky.), House […]

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Progress Continues on Tax Reform Plan

Since returning from summer recess, Congressional leaders and the Trump Administration have been focused on tax reform with the so-called “Big Six” aiming to share an outline of their plan with tax-writers by the end of this month.

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NSBA 2017 Mid-Year Economic Report

NSBA today released its 2017 Mid-Year Economic Report where the small-business outlook on the overall economy is at its highest point in seven years despite growing frustration over elected officials’ inability to enact needed reforms.

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Tax Reform, Debt Top Fall Agenda  

Tax Reform, Debt Top Fall Agenda       Members of Congress have returned to Washington, D.C. following a long August recess and face a very long, and challenging to-do list. Among the many looming deadlines they face is the Sept. 30 deadline to pass spending bills, and the projected Sept. 29 deadline identified by Treasury Secretary Steven […]

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NSBA Leadership Activates During August Recess

In late July, NSBA held eight video conference calls with our Leadership Council to discuss the August Congressional Recess and how our small-business leaders could best engage Members of Congress. The August recess has always been a prime time for constituents to engage lawmakers while they’re back home working in their districts/states. Three years ago, […]

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