Trump, Dems Still Deadlocked on Budget Deal

With no long-term budget agreement in sight, Trump administration officials this week pitched a short-term deal to keep government funding levels in place and extend the government’s borrowing authority for one year. Treasury Secretary Steven Mnuchin said the White House will not allow another government shutdown so a deal must be reached to fund the… Read more »

House Extenders Package Includes UBIT Repeal

The House Ways and Means Committee passed a tax extenders package today that includes a provision to repeal the 21 percent tax on certain employee benefits provided by associations and other nonprofit organizations. ASAE and its UBIT Coalition have been pushing Congress to repeal the tax for more than a year. The unrelated business income… Read more »

House Democrats Advance “Wall-Free” Spending Bill

House Democrats on Tuesday advanced a Homeland Security spending bill that includes no funding for President Trump’s border wall, setting up another possible government shutdown later this year. The House Appropriations Committee approved the Homeland Security spending bill on a party-line 29-20 vote, and the bill should be on the House floor later in June…. Read more »

W&M Hearing to Focus on Fringe Benefits Tax

The House Ways and Means Oversight Subcommittee will hold a hearing June 19 focused on ending the 21 percent unrelated business income tax on certain employee benefits provided by associations and other tax-exempt organizations. ASAE and its UBIT Coalition have been pushing Congress to repeal the tax for more than a year. The tax, enacted… Read more »