From: Daily Caller

Will Racke


Some GOP lawmakers and conservative groups had been calling for OMB to exercise more oversight of tax rules and subject the regulations to a cost-benefit analysis. They argued that more OMB control would improve the tax rules by putting them through the same kind of review that other agencies face.


The new agreement could have major implications for a wide range of tax policies that have yet to be settled by the GOP’s tax reform law. One of the most important is how to treat so-called “pass through” businesses, which aren’t C corporations but instead file taxes as individuals.

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