How Trump Can Reverse Biden’s War on Wealth and Help Create Millions of Jobs

Biden treated business partners as tax cheats, but cutting red tape for these prolific job creators could fuel growth.

AP/Daniel Kucin Jr.
President Biden on October 29, 2024, at the Dundalk Marine Terminal, Baltimore. AP/Daniel Kucin Jr.

President Trump has promised to create millions of new high-paying jobs. One easy first step to doing that is to repeal Biden regulations on America’s 4 million business partnerships — sometimes known as S corporations — that are prolific job creators. The latest estimates find 10 million Americans employed by these business partnerships, with $800 billion paid in employee salaries and benefits.

As an example of the importance of this business model, “90 percent of Microsoft’s commercial revenue flows directly through our partner ecosystem,” according to a post on the Official Microsoft Blog.

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