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Like a sole prop, a partnership is considered a pass-through entity for tax purposes.

Combining markets would stabilize the cost of greenhouse gas allowances paid by major polluters, in turn lowering pass-through costs for gasoline, Inslee and others have repeatedly said.

After qualifying second on Saturday, Joey Logano had to start at the back of the field and serve a pass-through penalty for a safety violation with his gloves.

With global inflation waning, “weakening in underlying inflation largely reflects the pass-through of falling import costs which is weighing on price rises of processed food products and other industrial products,” it said.

Looking ahead, the ongoing pass-through of the ECB's monetary policy tightening, still no reversal of the inventory cycle and new geopolitical uncertainties will continue weighing on the German economy, Brzeski said.