Oregon Democrat proposes Senate bill to overhaul tax break for pass-through businesses

Senate Finance Committee Chairman Ron Wyden, D-Ore., on Tuesday released a bill to overhaul a controversial deduction for certain businesses, which was part of Republicans 2017 sweeping tax legislation. Currently, the so-called qualified business income deduction, also known as 199A, allows certain businesses, such as sole proprietors, partnerships and S-corporations, to write off up to… Continue reading Oregon Democrat proposes Senate bill to overhaul tax break for pass-through businesses