Democrats Wary to Roll Back Trump-Era Business Write-Off

Democrats who have spent the past four years railing against the 2017 tax code overhaul appear hesitant to roll back one of that law’s broad business tax breaks.

That reluctance is underlined in the White House’s plans to pay for trillions in infrastructure and social spending. President Joe Biden has called for sweeping corporate and individual tax changes, but shied away from touching a temporary write-off of up to 20% for partnerships, LLCs, and other entities taxed only at the individual owner level.

Washington lobbyists say the optics of clawing back a tax break available to small business likely makes ...