“Put simply, we do not understand how non-corporate businesses would be taxed under the Trump plan,” he wrote. “This isn’t for lack of trying.”
The foundation’s not alone. Brian Reardon, president of the S Corporation Association, a lobbying group for pass-through businesses, said Monday that “we’re not sure what the plan is, so what we’re going to do is continue to push the pass-through mantra” for taxing pass-through businesses at the same rate as corporations.
“Plans that do that, we like. And plans that don’t, we don’t,” said Reardon, who was the principal tax aide for former President George W. Bush’s National Economic Council.
This article was provided by Bloomberg News.