PIA Objects to Attempts to Reduce or Repeal Passthrough Tax Deduction

PIA recently joined a coalition of business groups to express our continued support of the 20-percent tax deduction for the qualified business income of qualifying passthroughs businesses, or S corporations. The 20 percent deduction was established by the 2017 tax reform law. PIA actively advocated for the passage of the 2017 tax bill (Public Law No. …

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PIA Releases 2021 Issues of Focus for Advocacy Day

PIA has released its 2021 Issues of Focus in preparation for its upcoming Advocacy Day, formerly known as the Federal Legislative Summit (FLS). PIA members will highlight these issues during their meetings with their elected representatives on Advocacy Day. PIA deploys its grassroots advocacy resources throughout the year on countless issues of importance to independent insurance agents. …

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PIA Priority, Permanent Tax Relief for Passthrough Entities, Introduced

On February 25, Reps. Jason Smith (R-MO) and Henry Cuellar (D-TX) and Senator Steve Daines (R-MT) introduced the “Main Street Tax Certainty Act of 2021,”(H.R. 1381/S.480) a bill that would make the current 20 percent tax deduction available to passthrough entities permanent. PIA strongly supports this legislation and is working with a coalition of business …

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Regulatory Update on Executive Actions

Although the House is poised to return early to address issues related to Postal Service funding, Congress is no closer to a deal on a new coronavirus package than it was last week, when the Senate recessed with plans to return in September. However, the creaky wheels of the administrative state have continued to turn …

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PIA Releases Legislative Priorities for Advocacy Day

  PIA National has released its 2020 Legislative Priorities in the lead up to PIA Advocacy Day (formerly known as the Federal Legislative Summit). PIA members will use the priorities in their meetings with their elected representatives during Advocacy Day. Our full PIA legislative priorities with background on each issue can be found here. Below …

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Member Spotlight: Senator Steve Daines (R-MT)

Steve Daines was elected to represent Montana in the U.S. Senate in 2014 after serving a term in the U.S. House as Montana’s at-large member. Senator Daines was a businessman for 28 years before entering politics, including working in the family construction business. A fifth-generation Montanan, Senator Daines holds a B.S. in Chemical Engineering from …

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PIA Advocacy Day: Join us at PIA’s Congressional Fly-In

Each year, PIA agents from around the country travel to Washington, D.C. to attend PIA National’s annual congressional fly-in, formerly known as the Federal Legislative Summit (FLS), now known as PIA Advocacy Day. The name change reflects the unique, action-oriented nature of PIA National’s member fly-in, as compared to other association conferences, which are often …

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Member Spotlight: Rep. Jason Smith (R-MO)

Jason Smith was first elected to represent Missouri’s Eighth Congressional District in the U.S. House of Representatives during a special election in June 2013. He was reelected in November 2014. He is dedicated to protecting rural America against intrusive government regulations, expanding markets for farmers, and protecting his constituents’ rustic ways of life. Hailing originally …

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Tax Bill to Make Passthrough Deduction Permanent Introduced in Senate With PIA Support

Only a week after the 2019 PIA Federal Legislative Summit (FLS), Senator Steve Daines (R-MT), has introduced a PIA National priority, S. 1149, the "Main Street Tax Certainty Act of 2019," to make permanent the 20 percent tax deduction available to passthrough entities. S.1149 is the companion bill to H.R. 216, bipartisan House legislation introduced …

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PIA National Continues to Lead on Passthrough Tax Deduction

PIA National is building on our major win from earlier this year that ensured independent insurance agents could qualify for the 20 percent deduction for passthroughs. PIA National aggressively advocated for this tax relief for passthrough entities after the tax reform law (P.L. 115-141) was passed in December 2017. We advocated for the language that …

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