The Biden administration has pitched a compromise to counterparts around the world that would apply new global tax rules to no more than 100 large multinational corporations. The U.S. plan would consider a company’s profitability in determining whether more of its income could be taxed by the countries where it does business. The Biden administration’s… Read more »

ASAE submitted comments today to the Senate Committee on Health, Education, Labor & Pensions in support of legislation that would allow individuals across the country to use their 529 education savings plans to cover the costs of certain workforce training and credentialing programs. Senate HELP Committee Chair Patty Murray (D-WA) and Ranking Member Richard Burr… Read more »

ASAE delivered a letter to House and Senate Small Business Committee leaders this week urging lawmakers to provide additional funding for the Paycheck Protection Program (PPP), which will likely be depleted by mid-April if loan applications continue at the current pace. The PPP has been a lifeline for small businesses, associations and nonprofit organizations struggling… Read more »

The White House is expected to release a “preview” of the president’s fiscal 2022 budget proposal tomorrow, which will help guide lawmakers in drafting appropriations bills. The Office of Management and Budget (OMB) is working to release a full budget sometime this spring, but OMB spokesperson Rob Friedlander told Roll Call last week that obstruction… Read more »

President Biden signed legislation March 30 to extend the deadline for Paycheck Protection Program (PPP) loan applications to May 31. The popular PPP, created by Congress last year and recently expanded to include most 501(c) nonprofit groups, offers forgivable loans to businesses and nonprofit organizations affected by the COVID-19 pandemic. Under the legislation, which overwhelmingly… Read more »

President Biden unveiled a massive $2.5 trillion infrastructure and jobs package this week that the president views as a “once-in-a-generation investment in America.” Under what the White House is calling the American Jobs Plan, about $620 billion would be spent improving traditional infrastructure like roads, bridges and ports, along with high-speed Internet access. Major investments… Read more »

In response to a proliferation of voting reform legislation under consideration in multiple states, ASAE today issued a statement on values and principles that should guide lawmakers. A newly enacted voting law in Georgia has been challenged in a federal lawsuit filed this week by the ACLU and civil rights groups, but more than 250… Read more »

Fresh off enacting a $1.9 trillion COVID-19 relief bill earlier this month, President Joe Biden will roll out a sweeping $3 trillion infrastructure and social welfare package under his “Build Back Better” promise next week in Pittsburgh. The package will reportedly have two main components: an infrastructure plan for improving roads, bridges, rail, electrical vehicle… Read more »

The Senate passed legislation by a 92-7 margin today to extend the deadline for Paycheck Protection Program (PPP) loan applications to May 31. The popular PPP, created by Congress last year and recently expanded to include most 501(c) nonprofit groups, offers forgivable loans to businesses and nonprofit organizations affected by the COVID-19 pandemic. Under the… Read more »