Tax Policy
Tax Notes: “Raising Revenue Through Misguided Classification Reform”
Passthrough Proposal Would Reverse 30 Years of Tax Law
Tax law expert, Professor Philip Postlewaite of Northwestern University, argues that recent proposals to tax passthrough businesses as corporations would reverse the 30-year trend toward tax neutrality and the simplification of the tax code. His article, “Raising Revenue Through Misguided Classification Reform” published in Tax Notes, critiques the proposal to subject large passthrough businesses to the double layer of corporate taxation. His article discusses the flaws of the proposal’s assertions and describes a history of tax policies that provided greater tax neutrality across business types.
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