Brady Open to Extenders, Technical Fixes

Before House Republicans slip into the minority next year, House Ways and Means Committee Chairman Kevin Brady (R-TX) is preparing legislation to fix the “retail glitch” and other errors in last year’s tax law, along with a tax extenders package. “We are prepared and ready if there is an appetite to move some of these… Read more »

House Dems to Scrutinize 2017 Tax Law

After Democrats won the House in Tuesday’s elections, House Ways and Means Democrats are preparing for a series of hearings on the 2017 tax law early next year. Rep. Richard Neal (D-MA), likely to be the next chairman of the Ways and Means Committee, wants changes to the GOP’s Tax Cuts and Jobs Act (TCJA)… Read more »

Dems, GOP Outline Post-Election Tax Priorities

Congressional Democrats and Republicans this week outlined differing tax policy priorities depending on the outcome of next week’s midterm elections. President Trump and House Ways and Means Committee Kevin Brady (R-TX) have been touting the success of last year’s Tax Cuts and Jobs Act, while promising more relief for the middle-class next year. Trump floated… Read more »

Congress Urged to Delay Tax on Fringe Benefits

ASAE and other members of the UBIT Coalition have drafted a sign-on letter urging Congress to delay the effective date of a provision in last year’s tax law that imposes a 21 percent unrelated business income tax on qualified transportation benefits. The tax change is forcing many tax-exempt employers, including churches and other 501(c)(3) groups,… Read more »

House Votes on Tax 2.0 Expected This Week

The House is expected to vote this week on a package of bills known as “Tax 2.0” that among other things would make permanent the individual tax cuts in last year’s Tax Cuts and Jobs Act. While House leaders view a second round of tax cuts to be politically popular in advance of the November… Read more »