Congress Debates Border Tax

Treasury Secretary Steven Mnuchin spoke about his concern related to the controversial border adjustment tax (BAT) while testifying before the Ways and Means Committee this week. Secretary Mnuchin said the BAT may have a negative impact on consumers in addition to having the ability to move currencies. Congresswoman Judy Chu (D-CA), a member of the… Read more »

Trump Administration Releases FY18 Budget

This week the Trump administration released a 2018 budget proposal which would slash nondefense discretionary funding by more than $1.4 trillion. Titled, “A New Foundation for American Greatness,” the plan would make major changes to the social safety net, but would leave Medicare and the retirement portion of Social Security untouched. (The plan would make… Read more »

Healthcare Bill Moves to the Senate

On Wednesday the Congressional Budget Office released an assessment of the House Republican’s American Health Care Act (AHCA). The CBO report states the AHCA would reduce the federal deficit by $119 billion over the next decade. The cost savings would come from an $884 billion cut in Medicaid as well as reductions in individual insurance… Read more »

Comments Due on Proposed ‘Extreme Vetting’ Procedures

ASAE has learned that the Trump administration is soliciting public comments on proposed “extreme vetting” procedures for foreign nationals seeking entry to the U.S. ASAE is strongly supportive of appropriate screening procedures but is concerned that the changes proposed by the administration are excessive and could discourage business travel and tourism to the U.S. The… Read more »