NAM's Stance on Pass-through Tax Adjustment
The NAM is urging Congress to scrap a proposed set of tax changes that would harm pass-through entities, including many manufacturers.
Edited by Margo Ellis
Share
From the National Association of Manufacturers: Congress continues to negotiate the reconciliation bill and members have been floating new taxes to help pay for the package. Senate Finance Committee Chairman Ron Wyden (D-OR) has released one set of proposals that would change pass-through tax policy to raise an estimated $172 billion over 10 years.
The proposals could create challenges:
- Discouraging partnership formation
- Confusion for existing partnerships
- Barring legitimate transactions
The current structure of pass-through partnership law offers manufacturers a critical way to start and maintain a business. Altering the tax rules for pass-throughs could change that calculation. Read more about it here.
RELATED CONTENT
-
MSS Publishes Revised and New Industry Standards
The Manufacturers Standardization Society (MSS) of the Valve and Fittings Industry is excited to announce publication of the new Standard Practice SP-158-2021, Supplemental High-Pressure Gas Test Procedures for Valves.
-
The Future of Valve Manufacturing is Already Here
Companies in the valve and control products industry are responding to a confluence of forces that are changing the landscape of manufacturing — automation, agility and digitalization to name a few.
-
Recycling Foreign Metals: Buyer Beware
The North American steel-making industry, with its historic record of quality control, is no longer the world’s top producer.
 Unloading large gate valve.jpg;maxWidth=214)