NWRA urges Senate to reconsider tax changes

The National Waste & Recycling Association (NWRA), Arlington, Virginia, has sent a letter to Senate Finance Chairman Sen. Ron Wyden urging him to oppose changes to the tax code. Sen. Wyden has released a set of proposals that would change tax policies for pass-through entities contained in Subchapter K of the Internal Revenue Code, which applies to partnerships.

“The proposed changes to current tax policies would act as a drag on the economy by creating uncertainty and complexity for millions of businesses in America,” says Darrell Smith, president and CEO of the NWRA. “We urge Chairman Wyden and his colleagues to oppose these changes and exclude them from the final version of the reconciliation package.”

The partnership structure is a long-standing construct used by individuals, companies and research institutions to pool capital resources with expertise to provide goods and services demanded by the market. They are flexible arrangements that allow taxpayers to bring resources together in ways that maximize synergies to best compete in the modern economy.