White House Suspends Global Entry for NY Residents

The Trump administration announced yesterday it is temporarily banning New York residents from enrolling in Global Entry and other Trusted Traveler programs, citing the state’s “sanctuary” policies that limit federal access to state driver’s license data. Acting Homeland Security Secretary Chad Wolf said New York’s so-called Green Light Law prevents agencies like U.S. Customs and… Read more »

White House Studying Rules for UBIT Siloing

The Trump administration is close to finalizing guidance on the unrelated business income “siloing” provision enacted as part of the 2017 tax law. According to Bloomberg BNA (subscription required), the White House review office has been studying the IRS proposed rules issued in 2018, signaling that final guidance could be released soon. The change in… Read more »

CBO Predicts Deficit Will Top $1 Trillion

The Congressional Budget Office predicted this week that the federal budget deficit will top $1 trillion annually over the next 10 years unless Congress makes “significant changes to tax and spending policies.” The soaring deficit is fueled by increased borrowing by the federal government, though CBO predicted that interest rates for the next decade would… Read more »

White House Still Planning New Tax Cut Plan

White House National Economic Council Director Larry Kudlow said that President Trump will unveil a new “tax cuts 2.0” proposal this summer as he campaigns for reelection. Kudlow did not provide specifics about the plan but said the goal will be to “help middle-class economic growth.” The White House has met with Rep. Kevin Brady… Read more »

ASAE Opposes White House Research Access Policy

ASAE sent a letter to the White House today urging the administration to reconsider a proposed executive order that would jeopardize the intellectual property of scientific, engineering and technical societies. The proposed policy issued by the Office of Science and Technology Policy (OSTP) would mandate the immediate, free publication of federally funded research, eliminating the… Read more »