Arlington, VA – The National Waste & Recycling Association (NWRA) joined with other associations on a letter to Senate Finance Chairman Senator Ron Wyden (D-OR) urging him to oppose changes to the tax code that threaten businesses. As Congress continues to discuss President Joe Biden’s Build Back Better legislation, Senator 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.
“The proposed changes to current tax policy would act as a drag on the economy by creating uncertainty and complexity for millions of businesses in America,” said NWRA President and CEO Darrell Smith. “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 longstanding 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.
The National Waste & Recycling Association (NWRA) represents the private sector waste and recycling services industry. Association members conduct business in all 50 states and include companies that manage waste, recycling and medical waste, equipment manufacturers and distributors, and a variety of other service providers. For more information about NWRA, please visit www.wasterecycling.org.