On The Hill

Tax Update (April 8)

House Ways and Means Tax Legislation On Tuesday (Apr. 2), the House Ways and Means Committee passed two bipartisan bills: (1) a bill to reform the Internal Revenue Service (IRS) and (2) a retirement savings bill, both very similar to legislation previously passed by the committee in the 115th Congress. The first bill, H.R. 1957,…
Read more >

Trade Update (April 8)

US-Mexico-Canada Agreement (USMCA)   Senate Finance Committee Chairman Chuck Grassley (R-IA) continues to call on President Trump “to promptly remove Section 232 tariffs on steel and aluminum imports from Canada and Mexico.”[1]   In a speech to the United Steelworkers Canadian National Policy Conference, ALF-CIO President Richard Trumka called for a better deal that benefits…
Read more >

Health Update (April 8)

Committee and Floor Proceedings   This week, the House passed a resolution condemning the recent move by the Trump administration which supported the Texas lawsuit that would invalidate the entirety of the Affordable Care Act (ACA). The resolution passed along party lines with near unanimous Democratic support. While it is unlikely that this resolution will see the…
Read more >

Tax Update (April 1)

W&M Hearing Overview   House Ways and Means Chairman Richard Neal (D-MA) held a hearing on Wednesday (Mar. 27) to discuss the impact of the Tax Cuts and Jobs Acts (TCJA), with the legislation continuing to divide Republicans and Democrats on the committee.To read the opening statements from members and the witnesses, click here.  …
Read more >

Trade Update (April 1)

Challenges to Section 232   In June 2018, the American Institute for International Steel (AIIS) and two of its members — Sim-tex LP and Kurt Orban Partners — filed a lawsuit challenging the constitutionality of the Section 232 tariffs. Their case focused on the “improper delegation of Congress’ constitutional power to the president to regulate international trade,…
Read more >

Health Update (April 1)

Affordable Care Act Litigation   Discussion of the Affordable Care Act (ACA) dominated Washington this week as the Trump administration sided with the district court’s decision in the Texas lawsuit, which ruled that the entire ACA was unconstitutional. A letter from the Department of Justice to the Fifth Circuit Court indicated that the administration “is not…
Read more >

Health Update (March 25)

This week, the White House released additional budget documents and, including an appendix, analytical perspectives, and a document entitled “Major Savings and Reforms.” The documents are available from the White House website by clicking here.   Surprise Medical Bills   A Brookings Institution paper discussion and a series of two panels this week examined the current…
Read more >

Tax Update (March 18)

Extenders Hearing   The House Ways and Means Subcommittee on Select Revenue Measures held a hearing this past Tuesday (Mar. 12) which discussed the fate of the tax extenders package moving forward, as well as the overall impact of temporary tax policy in the United States. Republicans and Democrats on the committee, as well as…
Read more >

Trade Update (March 18)

President Trump’s Fiscal Year 2020 Budget Request   On Monday (Mar 11), Office of Management and Budget (OMB) Acting Director Russ Vought released the president’s budget request. The budget priorities include: curbing wasteful spending, strengthening border security, providing for a robust national defense, combating the opioid epidemic, investing in America’s students, modernizing the government for the 21st…
Read more >

Health Update (March 18)

Trump Budget   This week, President Trump unveiled his Fiscal Year 2020 budget for the federal government. The president asked most executive departments and agencies to cut budgets by at least 5 percent. The budget reflects several health priorities such as implementing the VA MISSION Act, increased research funding for childhood cancers, funding to combat the opioid…
Read more >

Tax Update (March 4)

  Tax Rates   The forthcoming budget resolution from House Democrats will include a proposal to raise federal revenue, and a hike in the corporate tax rate could be one-way lawmakers accomplish that. House Budget Committee Chair John A. Yarmuth (D-KY) said he thinks that “somewhere between 21 and 28 [percent] is the right number”…
Read more >

Trade Update (March 4)

  US-China Ways & Means Hearing   This week all eyes were on Capitol Hill as US Trade Representative Robert Lighthizer testified before the House Ways and Means Committee. The hearing was well timed, as President Trump announced on Saturday (Feb 23) that he would not increase the Section 301 tariffs on March 2, as…
Read more >

Health Update (March 4)

Drug Pricing   The Senate Finance Committee met this week for its second drug pricing hearing. The highly anticipated appearance of several pharmaceutical executives gave senators the opportunity to speak face to face with key players in the drug pricing process. While senators highlighted stories from their states about the unaffordability of prescription drugs, they explored some…
Read more >

Tax Update (February 25)

Opportunity Zones   The fate of the opportunity zones bill pending before the Puerto Rico legislative assembly remains uncertain. The bill would grant exemptions to U.S. residents investing in opportunity zones on Puerto Rico’s local capital gains tax, building projects, tax-free dividend distributions, and allow for an expedited permitting process for special projects. If the…
Read more >

Health Update (February 25)

Grandfathered Health Plans   This week, the Centers for Medicare & Medicaid Services (CMS) put out a Request for Information (RFI) regarding grandfathered health plans and group health insurance coverage. The RFI indicated that there is “little information available regarding such coverage” and that the Departments of Treasury, Labor, and Health and Human Services ordered to…
Read more >
HOUSE.GOV

The Week Ahead

For the main events of the next week and more, go straight to the key events on the house.gov website.

Find out more >
SENATE.GOV

The Week Ahead

For the main events of the next week and more, go straight to the key events on the senate.gov website.

Find out more >

Post Archive

Archives