In 2017 Congress passed a comprehensive tax reform package. The law is a significant accomplishment for Big “I” members as it lowered tax rates for the 20 percent of Big “I” members that are C-Corps and created a new tax deduction for the 80 percent of Big “I” members that are organized as pass-through entities. Since passage of the law, the Big “I” has aggressively advocated before the Administration to ensure the law is applied appropriately as it relates to insurance agencies and brokerages and will continue to advocate before Congress for some temporary provisions of the law to be made permanent.

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