Senator Ron Wyden (D-OR) recently rolled out a plan to overhaul the pass-through deduction instituted in the 2017 Tax Cuts and Jobs Act (TCJA). While the deduction, known as Section 199A, is not without its flaws, Wyden’s “solution” would undermine much of the rationale that led to the deduction being passed into law in the first place. Even more bizarrely, it seems to work at cross purposes with Democrats’ efforts to reduce the use of the “independent contractor” employment designation.
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