Grassley Optimistic About Tax Extenders

Senate Finance Committee Chairman Chuck Grassley (R-IA) said this week he remains optimistic about addressing all expired or expiring tax extenders this year. “I would expect that as of right now, if there’s an extenders package, that there won’t be anything left out,” Grassley told Bloomberg BNA. He added that Democrats would need to agree… Read more »

Nonprofits Still Seeking Repeal of Fringe Benefits Tax

With limited time left in this year’s Congressional calendar, must-solve issues continue to saturate the legislative agenda. One such issue – also the center of ASAE public policy efforts – is repeal of a 21-percent tax on parking and transit benefits provided by tax-exempt employers. ASAE and its UBIT Coalition are urging all stakeholders to… Read more »

Trump Promises Middle-Class Tax Cut

President Trump on Aug. 24 promised a “major” middle-class tax cut if he is reelected and Republicans retake the House in the 2020 elections. “If Republicans take back the House, and keep the Senate and Presidency, one of our first acts will be to approve a major middle income tax cut,” Trump tweeted over last… Read more »

White House Disputes Talks of Payroll Tax Cut

White House officials this week disputed reports that the administration is considering a temporary payroll tax cut as a means of countering a possible economic slowdown. President Trump and other senior officials continue to praise the strength of the economy but are having internal discussions about steps that could be taken to prevent any faltering… Read more »