Brady to Push ‘Tax Reform 2.0’ Before Recess

Ways and Means Committee Chairman Kevin Brady (R-TX) confirmed this week he expects to have another tax bill, dubbed “tax reform 2.0,” ready before the House breaks for the August recess. The White House and House leaders are interested in changes to the tax code that would serve as a follow-up to the tax law… Read more »

Association Tax Concerns Remain Unanswered

The Tax Cuts and Jobs Act of 2017 includes two new taxes that are concerning to association professionals, and in both cases, the Treasury Department and the IRS have not released the guidance necessary for associations to calculate the tax, despite estimated tax payments due this Friday (June 15). These issues are: • a new income… Read more »

Senate GOP Uneasy about New Tax Bill

Congressional Republicans are divided on whether to push a second tax bill before the midterm elections this fall. House Speaker Paul Ryan (R-WI) and President Trump believe additional tax cuts would energize the GOP base and improve Republicans’ odds of retaining control of both the House and Senate. A second tax bill would likely make… Read more »

GOP Weighs Second Round of Tax Cuts

GOP leaders are spending the recess mulling over whether another round of tax cuts makes sense this year – even if the likelihood of passing such a bill through the Senate is slim. While the omnibus spending bill passed by Congress last week was widely thought to have been the last “must-pass” legislation for the… Read more »