Pass-Through Tax Break Backers Target Centrist Democrats

A new coalition launching Thursday will target moderate Democrats in defending a key tax break for pass-through business income.

The tax policy practice at Brownstein Hyatt Farber Schreck is forming the PROTECT Coalition—which stands for Passthroughs Relying On Tax Equity & Championing Thriving Businesses—to coordinate efforts for businesses reaching out to lawmakers ahead of the 2025 tax cliff. The 2017 tax law established a 20% deduction under Section 199A of the tax code on certain pass-through income, which owners of businesses such as partnerships, S corporations, and sole proprietors report on their individual tax ...