Lawmakers Will Push to Renew Tax Extenders

Lawmakers on both sides of the aisle continue to look for the right legislative vehicle to renew dozens of expired tax breaks known as extenders. Tax extenders include many popular tax breaks that enjoy bipartisan support but have proven difficult to pass as stand-alone legislation due a variety of concerns, not the least of which… Read more »

Filing Season Brings Renewed Criticism of TCJA

Data indicating that Americans are getting smaller tax refunds this year has triggered fresh criticism of the 2017 tax overhaul engineered by congressional Republicans. Early reports from the IRS show the average refund is 8.7 percent smaller than the same period last year. The Treasury Department said initial news reports on the refund statistics were… Read more »

Lawmakers Debate Impact of 2017 Tax Law

House Democrats used a Feb. 13 Ways and Means subcommittee hearing to point out flaws in the 2017 tax law, including the smaller refunds many taxpayers are receiving this year. The hearing was part of House Democrats’ efforts to reexamine provisions in the sweeping tax law championed by congressional Republicans and President Trump. Republicans countered… Read more »

Clyburn Introduces UBIT Repeal Bill

House Majority Whip James Clyburn (D-SC) introduced a bill today to repeal a 21 percent tax on the value of so-called fringe benefits – such as free parking or mass transit assistance – that nonprofits provide to employees. ASAE and the UBIT Coalition have had numerous meetings on Capitol Hill this year urging lawmakers to… Read more »

Congress Expected to Pass Spending Package

Lawmakers have finalized a massive spending bill and border security compromise that is expected to pass both the House and Senate later this evening. The final deal appears to have broad support, despite some lingering criticism from the far right and far left. The compromise, reached by a bipartisan conference committee, includes just $1.375 billion… Read more »