Despite the so-called “Bipartisan Infrastructure Framework” deal, it is clear extensive and consequential tax changes are in the works that will affect not only corporate/business rates but also the amount individuals will be paying if passed (including changes to the “death tax”). The “S-Corp” organization, which CIRT has worked in coalition with over the years, has developed an informative detailed description of the various aspects or proposals that are being considered by the President and his Democrat allies in Congress. For example, the paper has a table showing what a pared-down, $1.5 trillion package might look like.

[For details see, S-Corp Washington Wire]