2017 tax cut for pass-through business owners exacerbated inequality and failed to deliver economic benefits

Among the many regressive and ineffective elements of the Trump administration’s Tax Cuts and Jobs Act of 2017, one provision stands out as the most convoluted, unfair, and ripe for abuse. Section 199A of the Internal Revenue Code delivered a 20 percent deduction to the “qualified business income” of pass-through business owners. Pass-through businesses were […] The post 2017 tax cut for pass-through business owners exacerbated inequality and failed to deliver economic benefits appeared first on