In addition to carried interest taxation, two public policy issues affecting the middle market bear watching in 2016: the tax treatment of interest payments on debt and the designation of joint employer status.

Most of the Presidential candidates have proposed eliminating or capping itemized tax deductions, or allowing only deductions for charitable gifts and mortgage interest payments, according to the Tax Foundation independent research group. Republicans Donald Trump and Jeb Bush and Democrat Hillary Clinton are among those who have proposed cutting itemized deductions.

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