Now passed by Congress, the bill bestows one of its biggest and most controversial gifts—a 20% deduction for pass-through revenue—on the majority of U.S. firms that are partnerships, S-corporations and sole proprietorships.
At a seminar full of contractors and insurance safety professionals, Carl Heinlein asked, “How many of you consider yourselves good drivers?” As if it were a coordinated flag raising, almost everyone raised a hand.
In recent weeks, President Trump has let it be known that he no longer foresees public-private partnerships as the centerpiece of his infrastructure plan. No surprise there.
When former Harrisburg, Pa., Mayor Stephen Reed (D) and his aides set out to retrofit the city’s aging incinerator in late 2000, the project spun out of control over the coming years, enlarging the debt the city owed on the facility to $300 million and sinking Harrisburg into financial ruin.