The determination, sought by the banking industry, was one of dozens in 184 pages of proposed regulations issued this week by the Treasury’s Internal Revenue Service that will allow high-income owners to claim a new tax deduction as part of an expansive interpretation of who gets the break designed for so-called pass-through businesses.
Daniel Hemel, an assistant law professor at the University of Chicago, said the determination was a head-scratcher.
“Most of us had thought that banks are financial services. The House Financial Services Committee regulates banks. The Financial Services Roundtable represents banks,” he said.
We apologize for this morning's downtime. We have purged the latest round of gremlins from the system.
At first glance, I thought that was a picture on Andrew Carnegie.
No, it looks much too intelligent to be Carnholio.
The Internet troubles were caused by a Cat 5 Trumpstink event.
Stay upwind pols.
Who'd have thunk? Banks aren't considered financial services?
Treasury says banks are not financial-services firms, giving them a new tax break
My wife worked for Great-West Life for over a decade. She's gonna flip when she sees this. Thanks for the link, Michael.
John Fugelsang FTW (if T**** didn't already have the racist base locked up, I'd venture it was a safe bet he'd get a bump from this news)
Omarosa says Trump is a racist who uses N-word – and claims there's tape to prove it