Jorge Castro Quoted on Pass-Through Deduction in InvestmentNews
"Advice-sector Coalition Seeks Legislation to Expand Pass-through Deduction to Advisers"
Jorge Castro was quoted on the potential for clarifying legislation that would allow financial advisers to qualify for the pass-through business deduction included in the 2017 Tax Cuts and Jobs Act. "Both sides [in Congress] are going to come back this year looking to enact another tax bill," Castro said, adding, "[Brokers and advisers] have a legitimate argument. I think they’re going to consider it seriously. This may open up the lane for other groups that feel they were unintentionally excluded. Congress is going to have to grapple with that question."