So even though the loans were guaranteed by the federal government, we were still paying banks billions of dollars to be pass-throughs for the student loan program.
This benefit is available for pass-through entities, such as partnerships and S corps, as well as traditional C corporations. (Pass-throughs pass on their taxable income and tax credits to their individual investors' tax returns.).
He also suggested retroactive tax changes to the individual alternative minimum tax (AMT) that could put cash in the hands of folks who operate their businesses as "pass-throughs, " meaning that they report all business income and credits on their personal tax returns.