Reps. Anna Eshoo (D-CA) and Zoe Lofgren (D-CA) introduced legislation Nov. 5 to strengthen privacy protections for online consumers and minimize the amount of personal data companies can collect, maintain and disclose. The Online Privacy Act would also create user rights to access, correct or delete their data and decide how long companies can keep… Read more »

A federal court in Philadelphia recently dismissed a complaint that challenged requirements for physicians seeking to maintain certification set by the American Board of Internal Medicine (ABIM). The lawsuit, brought by a group of internal medicine specialty physicians, alleged that ABIM illegally “tied” certification and re-certification in violation of the antitrust laws.  It also alleged… Read more »

Downward trends in charitable giving could be reversed if tax policy were changed to make the charitable deduction more widely available, according to a Nov. 3 report sponsored by Republican members of the Joint Economic Committee (JEC). While total annual giving to charities has risen in most years for the last half century, to $428… Read more »

Congressional leaders and the White House now support a stopgap continuing resolution that would fund the government until at least mid-December – setting up the possibility of another year-end government shutdown if negotiators can’t reach a fiscal 2020 spending agreement in the interim. With the House on recess this week, Congress will have eight days… Read more »

Senate Finance Committee Chairman Charles Grassley (R-IA) told reporters last week that momentum has stalled to extend a series of expired or soon-to-expire tax breaks for biodiesel production and other industries. “Whether it’s the biodiesel credit or any one of the other extenders – 27 today and five more are going to be added by… Read more »

The federal government took in $28 billion less in total tax receipts in 2019 than was initially projected, according to the Congressional Budget Office. The revenue decline may have been influenced by tax changes enacted in Republicans’ 2017 Tax Cuts and Jobs Act but CBO stopped short of saying that definitively. “In short, revenues in… Read more »

Congressional appropriators are weighing whether to extend current government funding into early February to avoid a budget fight during Democrats’ impeachment proceedings. The Senate has been having floor debate on bills to fund the government for fiscal 2020, but the pace of negotiations has been slow. Current short-term funding runs out Nov. 21 and it… Read more »

Democrats’ spending demands are dimming prospects for a year-end tax package, according to House Ways and Means ranking member Kevin Brady (R-TX). Brady told POLITICO that if there is tax legislation, he hopes it would include extenders and technical corrections to the 2017 GOP tax law. “I think it will be difficult to reach a… Read more »

The Senate yesterday rejected a Democratic bid to overturn IRS regulations prohibiting states from creating charitable funds that taxpayers can contribute to in exchange for a state tax credit. The workaround gave taxpayers in high-tax states like New York, New Jersey and California a way to get around the $10,000 cap on state and local… Read more »

The House passed a bill yesterday intended to combat foreign interference in elections. The bill, passed on a 227-181 party line vote, would require campaigns to report illicit offers of campaign assistance from foreign governments and improve the transparency of online political ads. The Strengthening Harmful Interference in Elections for a Lasting Democracy (SHIELD) Act… Read more »