Brady Expects Technical Corrections Bill Next Year

As congressional Republicans continue to fast-track a massive overhaul of the tax code before the end of the year, House Ways and Means Committee Chairman Kevin Brady acknowledged that Congress will likely have to take up legislation next year to fix any glitches and unintended consequences in the bill. “I’m certain there will be technical… Read more »

Republicans Strike Deal on Tax Bill

Congressional Republicans say they have hashed out the final details of their sweeping tax bill and are planning to hold final votes on the conference committee report early next week. The negotiated plan includes a 21 percent corporate tax rate and a 37 percent top tax rate for individuals, beginning in 2018. “Pass-through” businesses that… Read more »

Conferees to Discuss Changes to Tax Bill

Congressional leaders have named the conferees who will work to narrow differences between the House and Senate tax bills. House Ways and Means Committee Chairman Kevin Brady (R-TX) signaled he is open to discussing major changes to the bill in conference, including whether to hike the corporate tax rate to 22 percent from the current… Read more »

Alert: Royalties Removed from Senate Tax Bill

Over the past couple of weeks, ASAE – supported by associations around the country – has worked to remove the provision in the Senate tax bill to tax associations’ royalty income. Thank you to all who joined the effort. We are pleased to report that the royalties provision has been removed from the final Senate… Read more »

Senate Likely to Clear Tax Bill Tonight

Senate leaders are still working on changes to the GOP tax bill, but key holdouts are falling in line in support of the effort and Majority Leader Mitch McConnell (R-KY) predicted earlier today that he will hold a final vote on the bill either tonight or Friday morning. In the meantime, senators continue to advocate… Read more »