Speaker Paul Ryan (R-WI) reportedly wants Congress to finish tax reform before trying to do a year-end budget deal with Democrats. Government funding runs out on Dec. 8 but tax reform might not be done by then. The Senate wants to take up its own tax bill after Thanksgiving and then House and Senate negotiators… Read more »

A federal appeals court in California on Monday allowed President Trump’s latest travel ban to partly take effect, excluding people from six mostly-Muslim countries who have a “bona fide relationship” in the U.S. In a brief two-paragraph order, a three-judge panel from the U.S. Court of Appeals for the Ninth Circuit said the travel ban… Read more »

The House this afternoon easily passed a sweeping tax bill that brings congressional Republicans and President Trump one step closer to the major legislative victory they are desperately seeking before the end of the year. President Trump visited Capitol Hill earlier in the day ahead of the vote to rally support but no arm-twisting was… Read more »

We are pleased to share the news that Senator Portman will offer an amendment during the Senate Finance Committee markup to repeal the nonqualified deferred compensation provision (insert specific bill text) that would negatively impact many associations. Please thank Senator Portman for his support on this important issue. We are asking association professionals and industry partners to… Read more »

Yesterday, the association community had a major win when provisions that would negatively impact the association community were removed from the House tax bill. Last night, however, the Senate released a bill that includes some of the same provisions we fought in the House bill along with several new proposals that we strongly believe would… Read more »

A big takeaway from Tuesday’s elections was that health care – specifically, Obamacare’s expansion of Medicaid – is of great importance to many voters. In Virginia, where the GOP-controlled House of Delegates had blocked Medicaid expansion for years, voters elected a whole slate of Democratic candidates who have pressed for Medicaid expansion that would cover… Read more »

IRS Commissioner John Koskinen gave a farewell news conference earlier this week and bluntly said Congress is to blame for many of the agency’s shortcomings because it failed to provide adequate funding. “I don’t want anybody to say they weren’t warned,” Koskinen told reporters. “I have not been shy. I have been concerned with funding… Read more »

Category: IRS

Senate leaders have shared a “conceptual mark” of their tax plan that is markedly different from the tax bill moving through the House. The Senate plan is being presented as a narrative, rather than actual bill text, to allow for more “fulsome and engaged discussion,” according to a statement from the Senate Finance Committee. Senate… Read more »

Ways and Means Republicans advanced the Tax Cuts and Jobs Act this afternoon after Chairman Kevin Brady (R-TX) made a few revisions, including a change that preserves the deferred compensation arrangements that many associations use to attract and retain top executives. ASAE delivered a sign-on letter to House and Senate tax-writers last night expressing concern… Read more »