On the recordSeptember 13, 2017
Requiring businesses that have operated using the cash method since their inception to suddenly pay tax on money they have not yet collected, and may never collect, is an effective tax increase.
Source
congress.govRequiring businesses that have operated using the cash method since their inception to suddenly pay tax on money they have not yet collected, and may never collect, is an effective tax increase.
John Thune criticizes proposed tax changes impacting cash accounting for businesses.
Share
More from John Thune
Both pieces of legislation strike at the very heart of issues that the American people care deeply about, passionately about, and we'll see if the Democrats are willing to take yes for an answer.