Pass-throughs that that avoid entity-level taxation take center stage in potential Trump tax reshuffle.

D. ADAM ANDERSONIt is the rare New Year that fails to bring new laws affecting business owners. With the unexpected election of President Donald Trump, 2017 should see some of the most significant changes to business taxation in recent memory.

Congressional republicans have long sought a simplification of the tax code, generally focused on the twin aims of lowering overall tax rates while broadening the tax base by cutting various tax credit programs and other tax expenditures. When campaigning, President Trump announced a tax plan distinct from that of the Republican Party platform; thus, what exactly Congress will be debating is as-yet unknown. Nevertheless, now that republicans control the White House and both houses of Congress for the first time since 2006, owners of Oregon-based businesses — large and small — can be relatively assured of notable changes as early as the 2017 tax year.

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