GOP Calls for Repeal of Ban on 501(c)(3) Politicking

Congressional Republicans and the GOP’s presidential nominee Donald Trump are calling for an end to a decades-old law prohibiting 501(c)(3) groups from intervening in political campaigns. Under a 1954 law known as the “Johnson Amendment,” tax-exempt organizations such as churches, charities and educational institutions are prohibited from endorsing or opposing political candidates. The IRS has… Read more »

Trump, GOP in Agreement on Tax Plan

Republican presidential nominee Donald Trump is getting on the same page as congressional Republicans when it comes to overhauling the tax code. In a speech at the Detroit Economic Club on Monday, Trump outlined a series of tax and economic reforms he supports, including a revised plan to lower individual and corporate tax rates and… Read more »

FTC Oversight Bill Fails in Committee

The House Energy and Commerce Committee last week passed a number of targeted reforms to the Federal Trade Commission (FTC), but an attempt to grant the FTC authority to regulate tax-exempt organizations failed during the amendment process. Rep. Bobby Rush (D-IL) had introduced H.R. 5255 to give the FTC jurisdiction to protect consumer interests in… Read more »

Support Grows for Overtime Reform Bill

Support is growing for legislation that would address some of the concerns employers have with the Department of Labor’s (DOL) new overtime rule. The final overtime rule, announced by DOL in May, raises the threshold for employees who are exempt from overtime pay to $47,476 – more than double the current salary threshold of $23,660…. Read more »