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 »