U.S. SENATE – U.S. Senator Steve Daines joined Senators Marsha Blackburn (R-Tenn.), John Barrasso (R-Wyo.) and James Lankford (R-Okla.) in sending a letter to the U.S. Department of the Treasury urging review of a harmful Biden-era Internal Revenue Service (IRS) pass-through compliance unit. This IRS unit was created at the direction of President Biden and would create disproportionate compliance burdens and unfairly target small businesses.
“Pass-through entities form the bulk of Main Street businesses across the country. This includes countless family businesses, professional services firms, and real estate ventures that serve as the backbone of our local economies. Taxpayers have the lawful right to choose these structures for benefits like liability protection, operational flexibility, and simplified tax filing. The creation of an enforcement unit specifically focused on pass-through entities raises legitimate concerns about whether the focus is on improving compliance or simply targeting specific business structures based on institutional prejudice,” the senators wrote in the letter.
Read the full letter HERE.
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Contact: Matt Lloyd, Gabby Wiggins