Legislative Activity President Obama to Unveil FY 2016 Budget Later today, President Obama is set to unveil his FY 2016 Budget (Budget). We anticipate that the Budget will include various proposals previewed in President Obama’s State of the Union Address. Squire Patton Boggs will release a comprehensive Budget analysis in the days following. Senate Finance … Continue Reading
Legislative Activity President Obama, Secretary Lew Outline Tax Reform Proposals As mentioned in previous coverage of the State of the Union Address, President Obama has proposed approximately $320 billion in new taxes, aimed largely at investment income and large financial institutions, with revenues raised from these proposals to be dedicated principally to a new or … Continue Reading
Legislative Activity Lawmakers Near Deal on Tax Extenders After a nearly year-long process, on Wednesday, December 3, the House voted 378-46 to approve H.R. 5771, the Tax Increase Prevention Act of 2014 – a $41.6 billion tax extenders package. At the same time, the House also passed H.R. 647, the Achieving a Better Life Experience … Continue Reading
Legislative Activity Lawmakers to Focus on Tax Extenders As Congress returns to Washington, tax extenders legislation remains on the relatively short list of “must pass” items in the lame duck session. While the House and Senate have thus far taken different approaches on extenders, it is likely that lawmakers will finalize a proposal before adjourning … Continue Reading
Legislative Activity Tax Extenders Bill Stalls in Senate, Timing Now Unclear On May 15, the Senate was unable to garner the 60 votes needed to end debate on tax extenders legislation. The bill, which would provide a two-year extension for certain tax extenders that expired on January 1, stalled as a result of Republican concerns … Continue Reading
