Congressman Vern Buchanan (R-Fl.) As such, he has a big say in what direction tax reform will take this year. "My family still owns and operates small businesses in Florida, and I want to make sure whatever we do on tax reform works for small business owners in my state." Florida Family Owned Firms and Tax ReformIt's important to Buchanan that family owned businesses (S-corporations, family partnerships, LLCs, sole proprietors, etc.) It would, by statute, prevent family and small businesses from paying a higher marginal tax rate than large corporations.

Source: Forbes March 01, 2017 22:14 UTC