The House Ways and Means Committee today continued its markup of various health care-related tax bills that are “aimed at expanding consumer-directed health care and lowering premiums.” Yesterday the committee approved three bills that would expand access and use of health savings accounts (HSAs) to cover needed services. One bill (H.R. 6301), sponsored by Reps…. Read more »

The United States Trade Representative (USTR) is seeking public comment on the latest round of tariffs on Chinese imports implemented by the Trump administration. Business leaders are concerned that the trade tariff policies implemented by the Trump administration are likely to trigger a global trade war that will hit U.S. industries and consumers hard. The… Read more »

The Las Vegas Metro Chamber of Commerce announced recently it plans to be among the first business groups to take advantage of the Department of Labor’s (DOL) final rule expanding association health plans (AHPs). The Las Vegas chamber hopes to start an AHP for Nevada small businesses and sole proprietors by Sept. 1, according to… Read more »

ASAE and other members of the UBIT Coalition continue to urge the Treasury Department to retroactively delay implementation of a provision in the new tax law that taxes transportation and parking benefits provided by many employers. The fringe benefits provision removes a deduction for employer-provided benefits such as transportation, parking and on-premises athletic facilities. In… Read more »

Business leaders are warning that the trade tariff policies implemented by the Trump administration are likely to trigger a global trade war that will hit U.S. industries and consumers hard. The White House has pledged to implement tariffs on $34 billion in Chinese products on Friday, and the Chinese government said this week it has… Read more »

Significant cuts to the IRS’s budget over the years combined with the need to implement the 2017 tax law have stretched the IRS critically thin, according to National Taxpayer Advocate Nina Olson. Olson released her mandated mid-year report to Congress last week that included a review of the 2018 filing season and a list of… Read more »

Category: IRS

Industry groups are mobilizing against California’s new data privacy law, which they say was rushed through the state legislature and quickly signed last week by Gov. Jerry Brown. The far-reaching law, which doesn’t take effect until 2020, is similar to new European Union standards for data privacy that took effect in May. The California Consumer… Read more »

Republicans’ plan for a “phase two” tax bill is still short on details, but President Trump suggested this week that tax writers may lower the corporate tax rate even further. “One of the things we’re thinking about is bring the 21 percent [tax rate for corporations] down to 20,” Trump said on Fox News this… Read more »

ASAE announced this week the six winners of the 2018 Power of A Summit Awards, the highest recognition for associations that make exemplary commitments to creating a stronger America and world. ASAE received 110 Power of A Award entries this year, with 16 programs selected to receive Power of A Gold Awards and 34 tabbed… Read more »

The House on Wednesday rejected a Republican immigration bill that would have offered young undocumented immigrants a path to citizenship, fully funded President Trump’s border wall and put an end to family separations at the Mexican border. The bill failed on a 301-121 vote despite the backing of Republican leaders and Trump, who tweeted that… Read more »