Ways and Means Acts on Health-Related Tax Bills

The House Ways and Means Committee today continued its markup of various health care-related tax bills that are “aimed at expanding consumer-directed health care and lowering premiums.” Yesterday the committee approved three bills that would expand access and use of health savings accounts (HSAs) to cover needed services. One bill (H.R. 6301), sponsored by Reps…. Read more »

USTR Seeks Comments on Tariffs

The United States Trade Representative (USTR) is seeking public comment on the latest round of tariffs on Chinese imports implemented by the Trump administration. Business leaders are concerned that the trade tariff policies implemented by the Trump administration are likely to trigger a global trade war that will hit U.S. industries and consumers hard. The… Read more »

Coalition Pushing for Delay on Fringe Benefits

ASAE and other members of the UBIT Coalition continue to urge the Treasury Department to retroactively delay implementation of a provision in the new tax law that taxes transportation and parking benefits provided by many employers. The fringe benefits provision removes a deduction for employer-provided benefits such as transportation, parking and on-premises athletic facilities. In… Read more »

Trump Touts ‘Phase Two’ Tax Bill

Republicans’ plan for a “phase two” tax bill is still short on details, but President Trump suggested this week that tax writers may lower the corporate tax rate even further. “One of the things we’re thinking about is bring the 21 percent [tax rate for corporations] down to 20,” Trump said on Fox News this… Read more »

House Rejects Compromise Immigration Bill

The House on Wednesday rejected a Republican immigration bill that would have offered young undocumented immigrants a path to citizenship, fully funded President Trump’s border wall and put an end to family separations at the Mexican border. The bill failed on a 301-121 vote despite the backing of Republican leaders and Trump, who tweeted that… Read more »