Republicans’ push for a major tax-cut bill is moving forward, with two key actions on Nov. 16 on Capitol Hill—House passage of a $1.4-trillion measure and Senate Finance Committee approval of a bill with a similar net price tag but key differences from the House version.
Design and construction industry groups say neither bill provides enough tax relief for “pass-through” business entities—sole proprietorships, partnerships and S corporations—that are common throughout those industries. Pass-throughs are taxed at individual, not corporate, rates.