Employee-Owned S Corporations of America recently held its annual Federal Policy Conference in Washington, D.C. ESCA speaks exclusively for employee-owned S Corporations and is active in promoting the growth of Employee Stock Ownership Plans.
Three U.S. senators addressed the group: Patty Murray, D-Washington, Rob Portman, R-Ohio and John Cornyn, R-Texas. All three agreed on one very important point — tax reform is not a nice to have, it is a must-have.
They also agreed that updating the tax code was way past due. The last major reform in the U.S. was the Tax Reform Act of 1986 — 28 years ago. How we get there and what the end product looks like is unknown and there will certainly be a lot of opinions helping shape the result.
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