The new tax law contains a remarkable new deduction for individuals who earn "pass-thru" business income.(Yup, the law actually spells it "pass-thru".) Basically, if you are reporting business income from K-1, a Schedule C, or a Schedule F, you get a deduction for 20% of your net business income, subject to some limitations.
The NY Times and the LA Times described this a the "Gig" deduction, and the biggest loophole for the next decade. They worry that salaried employees will forgo their paycheck, benefits, and job security (whatever that is), and become independent contractors to qualify for the 20% deduction.
They're both wrong.