Yes, this was intentional to reward the S-Corp shareholders who invest their savings in new businesses which hire employees and grows the economy. This is a reward to the shareholders who are limited on the corporate level from taking certain deductions which the Sch C business owners can deduct currently.
This whole story is the LATimes doing what they do best.....bash the president for a tax plan which rewards business growth.
As the owner of a small LLC company with 10 people working for us, we will be able to use the pass thru tax deduction to hire another person and invest in new capital. And the Pass-thru deduction primarily helps the smallest of the small businesses as once your income reaches a certain dollar amount you don’t benefit.
Given the article’s take, every deduction is a loophole.