The president’s deficit panel released its final report today and added details to its original leaked outline for how it suggests the U.S. balance the budget and enact a more stable fiscal policy.  Dubbed “The Moment of Truth”, the document adopts some policies from other private deficit commissions and adjusts some of its prior recommendations…. Read more »

Two 1099 repeal amendments were debated yesterday as part of the food safety bill, but both failed under the Senate’s 2/3rds rule for passage. The Johanns amendment (S.Amdt 4702) was a complete repeal with the offset coming from rescinding $39 billion in non-Defense Department discretionary spending, i.e. unused stimulus funds.  His amendment failed 61-35, with… Read more »

This month, three major panels have released high-profile plans to reduce the federal deficit and balance the budget within the near future.  While the press has focused on some of the more high-profile topics like raising taxes or defense spending, the plans, if implemented as written, would have an impact on nonprofits and nonprofit governance:… Read more »

DORCHESTER - APRIL 05:  Dominique Entzminger, a physician assistant of family medicine, wears a stethoscope during an examination at the Codman Square Health Center April 5, 2006 in Dorchester, Massachusetts. State lawmakers approved a health care reform bill March 4 that would make Massachusetts the first state in the nation to require all its citizens have some form of health insurance. Governor Mitt Romney is scheduled to sign the bill next week.  (Photo by Joe Raedle/Getty Images)

Proposed and interim final rules issued yesterday by the Obama administration will now allow employers to change insurance plans and not lose their grandfathered status so long as they maintain current benefits, according to the Bureau of National Affairs.  The rules will be published in Wednesday’s Federal Register. Prior to the new rules, employers could… Read more »