Senate Republicans will move to ease the tax burden on pass-through businesses under their bill, one of a series of expected changes in a push to win over skeptical lawmakers, two news outlets reported Wednesday.
A tweaked Senate tax bill would increase the income tax deduction for pass-through businesses to 20 percent from 17.4 percent, Bloomberg and Politico reported, citing unnamed senators. It would not change the headline rate at which those entities' income is taxed.
The change appears to be designed to earn support from Sens. Ron Johnson, R-Wis., and Steve Daines, R-Mont. Both senators argued that pass-through businesses would not get as much relief as corporations under the Senate plan.