House GOP Releases Sweeping Tax Bill

After weeks of closed-door meetings, House Republicans on Nov. 2 rolled out their much-anticipated tax bill which would slash the corporate tax rate to 20 percent and create three new individual tax brackets of 12 percent, 25 percent and 35 percent. The top tax rate for high earners would stay at 39.6 percent. Republican leaders… Read more »

ASAE to Host Tax Reform Discussion

ASAE is hosting a panel discussion on tax reform and the possible impact on associations on Dec. 6 from 9:30 a.m.-11 a.m. at ASAE’s offices in Washington, DC. The panel will discuss the specific provisions in the tax bill the House is expected to release next week, as well as how those proposed changes to… 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 »