How the Deficit Reduction Plans Impact Associations

This month, three major panels have released high-profile plans to reduce the federal deficit and balance the budget within the near future.  While the press has focused on some of the more high-profile topics like raising taxes or defense spending, the plans, if implemented as written, would have an impact on nonprofits and nonprofit governance:… Read more »

Financial Reform Commission Hints Tax Breaks in Play

WASHINGTON - APRIL 27: U.S. President Barack Obama (C) speaks as co-chairs of the National Commission on Fiscal Responsibility and Reform Erskine Bowles (L) and Alan Simpson (R) listen in the Rose Garden of the White House April 27, 2010 in Washington, DC. Obama thanked members of the National Commission on Fiscal Responsibility and Reform for their service and spoke on the

An article in the Wall Street Journal today says that members of the president’s deficit commission could consider eliminating some popular tax credits in their final commission report. The panel, known as the National Commission on Fiscal Responsibility and Reform, must present recommendations to Congress by December 1 that would balance the budget, excluding interest… Read more »

HELP Committee Releases Reform Bill Language

Late Friday the staff for the Senate Health, Education, Labor and Pensions (HELP) Committee released their draft language and principles for their health care reform legislation. The language had been hinted in previous weeks, so there were few surprises. The bill includes: • A mandate for individuals to purchase insurance as well as a mandate… Read more »