Congressional leaders have reportedly agreed on a two-year deal to lift strict budget caps on defense and domestic spending, which would end the stopgap spending bills and shutdown threats that have made headlines the past few months. The budget agreement would boost defense spending this year by $80 billion and domestic spending by $63 billion…. Read more »

ASAE submitted comments today on the Department of Labor’s proposed rules to expand association health plans (AHPs). The proposed rule grew out of an executive order issued by President Trump last October, and would broaden the type of groups that could form association health plans with the goal of expanding affordable coverage options for small… Read more »

House Ways and Means Republicans will hold a half-day retreat next week to discuss next steps on tax policy and prioritize the rest of their agenda for 2018. Ways and Means Republicans are working to combine a number of tax provisions into one tax extenders bill that Congress could take up later this year. To… Read more »

The IRS has asked congressional appropriators for an additional $397 million to implement the new tax law, according to a Bloomberg BNA report. That funding request is about $100 million less than what the IRS had estimated it would need to fulfill its new responsibilities related to the tax law. National Taxpayer Advocate Nina Olson… Read more »

Category: IRS

Congress has about six weeks to raise the debt ceiling, a faster-than-expected timeline attributable to the new tax law, according to the Congressional Budget Office (CBO). If the debt limit is not raised by the first half of March, “the government would be unable to pay its obligations fully, and it would delay making payments… Read more »

Rank-and-file GOP lawmakers are reluctant to support another short-term spending bill, which Republican leaders say could fund the government for another month or possibly deeper into March. With negotiations having stalled on a longer-term bill that would raise budget caps for defense and domestic spending, GOP leaders say a fifth stopgap spending bill is needed… Read more »

ASAE will host a Facebook Live and Periscope session on tax reform and the impact on our community on  January 31 at 2:30pm EST. During the program John H. Graham IV, FASAE, CAE, President and CEO, and Sandra Swirski, co-founder at Urban Swirski & Associates, will field questions from association leaders about how tax policy… Read more »

Last year, Congress passed historic tax reform legislation that will impact associations on almost every front. To address these tax law changes, ASAE will host a special Power of A Facebook Live and Periscope session on January 31 at 2:30pm EST. Join this session to ask your questions about tax reform and to learn how… Read more »

President Trump is expected to nominate tax lawyer Charles Rettig as the next commissioner of the Internal Revenue Service (IRS), according to numerous reports. Rettig would serve a five-year term if confirmed by the Senate. He would replace David Kautter, Treasury assistant secretary for tax policy and acting commissioner since John Koskinen left at the… Read more »

Category: IRS

President Trump’s fiscal 2019 budget request will be sent to Congress a week later than anticipated due to time lost during the recent government shutdown, according to the Office of Management and Budget (OMB). “The shutdown came at a very critical time and therefore we have to slip to at least the 12th [of February],”… Read more »