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As President Trump and Republican tax writers on Capitol Hill negotiate a tax package to extend expiring tax provisions and enact other tax breaks, they will have to consider business taxes. Business lobbying groups are pushing hard for an extension of the 20% qualified business income (QBI) deduction for owners of pass-through businesses. In addition, they want to bolster three business tax provisions that have been watered down over the last few years. We delve into each of the four business tax breaks below.
