Senate Makes Progress on Budget Resolution

Senator Bob Corker (R-TN) and Senator Pat Toomey (R-PA), key Republican Senate leaders on the Budget Committee, appear to have reached an agreement on a budget resolution that would allow for tax cuts over a 10 year period. The budget resolution is a critical piece necessary to unlock reconciliation rules to pass tax reform on a simple majority. According to The Hill, the resolution will call… Read more »

Senate Close to Budget Deal

Senate leaders are close to an agreement on a stop-gap spending bill that would prevent a government shutdown at the end of the month, though there are a few details to iron out. The Senate voted 89-7 on Tuesday to move forward on a bill that will fund the government through Dec. 9 and provide… Read more »

Spending Bill Up First When Congress Returns

Members of Congress will have plenty to do when they return next week after a seven-week recess, but perhaps the most pressing issue will be how to fund the government beyond the end of the fiscal year, Sept. 30. As a lead-in to that discussion, conservative groups sent a letter to lawmakers this week pushing… Read more »

Congress Eyes Omnibus Spending Bill

Even as the House and Senate continue to plow through individual appropriations bills, partisan skirmishes and the realities of a calendar shortened by the upcoming political conventions have many lawmakers conceding that an omnibus spending bill is the likely vehicle to fund the government for next fiscal year. Congressional appropriators are actually making good progress… Read more »

Taxing Charities Gains Political Traction

Indiana University professor Leslie Lenkowsky and visiting fellow Suzanne Garment published a piece in the Chronicle of Philanthropy (subscription required) yesterday about the increasing focus on taxing charities. From state and local governments to Congress, there is movement to broaden the tax base, and often nonprofits are viewed as a source of revenue. The article… Read more »