ASAE Drafts Sign-On Letter in Advance of GOP Tax Bill

The path to enacting tax reform legislation this year just got much clearer with the House passage of a budget resolution earlier today. With the budget passed, House tax-writers are expected to release a tax bill Nov. 1 and start marking up legislation the week of Nov. 6. Ways and Means Committee Chairman Kevin Brady… Read more »

House Passes Budget, Paves Way for Tax Reform

House Republicans narrowly passed the Senate’s budget plan today, clearing a major hurdle in their quest to overhaul the tax code this year. The budget legislation is a far cry from the plan the House initially passed, which would have required lawmakers to offset the costs of new tax cuts and slash mandatory spending by… Read more »

Trump, GOP Signal Tax Reform Could Slip to 2018

Even as Congress works to adopt a budget resolution that could accelerate lawmakers’ ability to pass a tax reform package this year, President Trump and Senate Majority Leader Mitch McConnell (R-KY) this week acknowledged the difficulty of passing major legislation with so few days left on the legislative calendar. “I would like to see it… Read more »

Senate Readies for Budget Vote This Week

The Senate is in the midst of a 50-hour “vote-a-rama” on various amendments to the budget resolution but appears on track to pass a bill on Friday. Senate Democrats girded for the three-day budget battle by preparing 20-plus amendments that will force Republicans to go on record in support of Medicare and Medicaid cuts to… Read more »

GOP Still Looking for Consensus on Tax Plan

President Trump held an event this week in Harrisburg, PA, to emphasize the need for massive tax cuts, while Senate Republicans will try to clear a major legislative hurdle with next week’s vote on their budget resolution. During a speech to truckers in Harrisburg, Trump said workers could see an additional $4,000 in pay if… Read more »