House Bill Would Lift Ban on IRS Politicking Rules

House Democrats introduced a massive government oversight package last Friday that among other things would require the IRS to issue rules clarifying the permitted political activities of 501(c)(4) groups. The House package, introduced as H.R. 1, includes numerous provisions Democrats have wanted to pass to limit the influence of so-called “dark money” in politics. Section… Read more »

House Sets Up Vote on Year-End Tax Bill

The House was scheduled to vote today on a year-end tax bill offered by Ways and Means Committee Chairman Kevin Brady (R-TX), although the looming partial government shutdown is taking up all the oxygen on Capitol Hill now. Brady’s tax package, which includes repeal of a 21 percent tax on parking and transportation benefits provided… Read more »

Trump Won’t Sign Short-Term CR

House leaders who met with President Trump today said he will not sign a seven-week stopgap spending measure that does not include additional funding for a border wall. The Senate on Wednesday approved a bill to fund the government through Feb. 8, moving a step closer to averting a partial government shutdown at the end… Read more »

Government Shutdown Looms Next Week

A partial government shutdown is possible at the end of next week unless President Trump and congressional leaders resolve an impasse over funding for Trump’s long-promised U.S.-Mexico border wall. Trump met with Senate Minority Leader Charles Schumer (D-NY) and House Minority Leader Nancy Pelosi (D-CA) at the White House on Tuesday and refused to back… Read more »

Treasury Issues Guidance on Fringe Benefits Tax

While congressional leaders worked this week to repeal the fringe benefits tax on nonprofits, the Treasury Department issued interim guidance on Dec. 10 to help soften the tax blow on the sector. Last year’s tax law sets a 21 percent tax on so-called fringe benefits – such as free parking or mass transit assistance –… Read more »