(Bloomberg) -- Senator Claire McCaskill, a Missouri Democrat who found her way into President Donald Trump’s crosshairs last month as he campaigned for a tax overhaul in her home state, returned the favor Tuesday.

During a Senate Finance Committee hearing, McCaskill focused in on part of the Republican tax framework that would cut the tax rate on partnerships, limited liability companies and other so-called “pass-through” businesses to 25 percent -- down from a current top rate of 39.6 percent.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Practice Management
C-Suite
Retirement Trends