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Mississippi recently passed a Entity Income Tax Election/SALT cap workaround in the form of a flow-through entity election, the bill has several grey areas and questions that will need to be addressed through Department of Revenue guidance or possible technical corrections.
Sen. Bob Menendez (D-N.J.) criticized Sen.
Democrats say cutting hundreds of billions in taxes for wealthy income-earners in coastal states is "essential" to getting reelected.
Michigan Gov. Gretchen Whitmer signed into law House Bill 5376 (HB 5376), a bill that amended the Michigan Income Tax Act to allow pass-through entities such as S corporations, partnerships and certain trusts to make an election to pay tax at the entity level,
While Trump grew wages, Biden is looking to provide billions in tax cuts to wealthy Democrat Party donors, a former Trump adviser says.