Wonkbook: Donald Trump's new tax plan could have a big winner

By Jim Tankersley A little-noticed provision in Donald Trump's tax reform plan has the potential to deliver a large tax cut to companies in the Republican presidential nominee's vast business empire, experts say. Trump's plan would dramatically reduce taxes on what is known in tax circles as "pass-through" entities, which do not pay corporate income …   The latest economic and domestic policy from Wonkblog   Republican presidential candidate Donald Trump delivers an economic policy speech to the Detroit Economic Club on Aug. 8 in Detroit. (Evan Vucci/AP) By Jim Tankersley A little-noticed provision in Donald Trump's tax reform plan has the potential to deliver a large tax cut to companies in the Republican presidential nominee's vast business empire, experts say. Trump's plan would dramatically reduce taxes on what is known in tax circles as "pass-through" entities, which do not pay corporate income taxes, but whose owners are taxed at individual rates on their share of profits. Those entities are the most common structure for small businesses and increasingly popular for larger ones as well. They are also a cornerstone of the Trump Organization. On his 2015 presidential financial disclosure report, Trump listed holdings of more than 200 limited liability corporations, which is a form of pass-through. There is no indication that Trump designed his tax plan to benefit his own companies. "It wasn't something we took into consideration when we made this plan," Trump economic policy adviser Stephen Moore said. Still, the provision highlights the tensions between Trump's policy proposals and his personal financial interests. Read the rest on Wonkblog.   Map of the day Official redlining in 1937 crystallized patterns of residential segregation in Baltimore -- patterns that persist to the present day. Emily Badger has more. In the original "redlining" map of Baltimore, predominantly black neighborhoods were identified in red as poor locations for government mortgage backing. Top policy tweets "Trump economic advisor: His childcare tax credit wouldn't help people who make less than $40K a year. https://t.co/XfpHoAM6LT" -- @lydiadepillis "Trump: Debt reduction is a nice idea, but 'this is the time to borrow' https://t.co/2wHMVIaUmV" -- @AaronBlake "More on Clinton and fiscal responsibility; if you ask me, she's *too* fiscally responsible https://t.co/e1vGcxjDjX" -- @paulkrugman ADVERTISEMENT   Most Recent Posts from Wonkblog The N.Y. Fed has a diagnosis for what’s ailing Puerto Rico More progress is needed on enhancing the island as a place to live and work, regional bank says. By Steven Mufson  •  Read more » Why this top official thinks the Federal Reserve should raise interest rates this year Markets don't believe him By Ylan Q. Mui  •  Read more »   Why all the practice in the world can’t turn you into an Olympian Research shows that even 10,000 hours of practice won't change your fortunes much By Ana Swanson  •  Read more »   Why the DEA just said ‘no’ to loosening marijuana restrictions Why the nation's top drug cop just said no to changing marijuana law. By Christopher Ingraham  •  Read more »   The Labor Department is pushing states to create their own paid family leave programs Six state and municipalities will receive $1.1 million from the federal government to research how much it would cost to open the public aid to residents. By Danielle Paquette  •  Read more »   Baltimore shows how historic segregation shapes biased policing today Segregated cities are easily conducive to biased policing. By Emily Badger  •  Read more »   Donald Trump’s new tax plan could have a big winner: Donald Trump’s companies A little-noticed provision in Donald Trump's tax reform plan has the potential to deliver a large tax cut to companies in the Republican presidential nominee's vast business empire. By Jim Tankersley  •  Read more »   The Trump campaign has been a disaster for the Trump brand Campaigns often take a bruising toll on candidate's public image. This one's no different. By Christopher Ingraham  •  Read more »   ADVERTISEMENT   Recommended for you   Federal Insider Federal news and policy update, in your inbox daily. Sign Up »         Share Wonkbook:       Twitter      Facebook Trouble reading? Click here to view in your browser. You received this email because you signed up for a Wonkblog newsletter. For additional free newsletters or to manage your newsletters, click here. We respect your privacy. If you believe that this email has been sent to you in error or you no longer wish to receive email from The Washington Post, click here. Contact us for help. ©2016 The Washington Post, 1301 K St NW, Washington DC 20071