“Over half the workforce works at a pass-through entity.”
And many people, including many FReepers own part or whole of a pass-through entity (or several). Yes, of course real estate can be held in a pass-through entity, but so can all kinds of other businesses. Lowering taxes on pass-through entities makes that business income more on a par with corporate income insofar as taxation is concerned. Part of the problem with this bill when it did not have the pass through provisions was that corporate income was taxed at far lower rates than the literal millions of pass-through business entities that operate in this country. That is simply not fair, as the form of a business should not really affect how income is taxed. By lowering the taxation on pass-through entities, now their owners will be able to afford to hire more people. I thought that was one of the goals of this tax plan, and it simply mystifies me as to why some supposedly free market people on Free Republic opposed this provision.