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ARTICLE · 24 APRIL 2015

Pass-Through Groups Push Back Against Corporate-Only Reform

Grant Thornton LLP
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For several weeks, Ryan and Hatch appeared to be abandoning efforts to pass a comprehensive tax reform bill that would lower both corporate and individual rates.

United StatesTax
Mel Schwarz
Mel Schwarz
Dustin Stamper
Dustin Stamper
Shamik Trivedi
Shamik Trivedi
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Senate Finance Committee Chair Orrin Hatch, R-Utah, and House Ways and Means Committee Chair Paul Ryan, R-Wis., continued to advance the idea of corporate-only tax reform last week, but received resistance from groups representing pass-throughs.

For several weeks, Ryan and Hatch appeared to be abandoning efforts to pass a comprehensive tax reform bill that would lower both corporate and individual rates. The growing momentum for corporate-only reform has threatened many pass-throughs, whose business income is ultimately paid on individual returns. Hatch and Ryan made their position even more clear last week, asking the members of the Coalition for Fair Effective Tax Rates to identify proposals they would accept in lieu of a rate cut as part of tax reform.

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