Tag Archives: Treasury

Public Policy Briefing – August 6, 2020

Pressure is mounting on Republican and Democratic negotiators in the US Capitol to reach an agreement on a COVID-19 response package that can pass both chambers of a divided Congress and be signed into law by President Donald Trump in the coming days. But evidence persists that the March 27 enactment of the massive CARES … Continue Reading

US Executive Branch Update – August 1, 2020

This report provides a snapshot of the US Executive Branch priorities via daily schedules and the prior day’s press releases. POTUS’ Schedule* *The US President (POTUS) and Vice President’s (VPOTUS) daily schedules are subject to change. Saturday & Sunday, August 1-2, 2020 THE PRESIDENT has no public events scheduled. VPOTUS’ Schedule* Saturday & Sunday, August … Continue Reading

Public Policy Briefing – July 21, 2020

The US Congress has returned to Washington, DC, and bipartisan negotiations to produce the next significant federal coronavirus response legislation have officially begun. Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows, representing President Donald Trump, are scheduled to meet this afternoon on Capitol Hill with House Speaker Nancy Pelosi (D-CA) and … Continue Reading

US Executive Branch Update – July 18, 2020

This report provides a snapshot of the US Executive Branch priorities via daily schedules and the prior day’s press releases. POTUS’ Schedule* *The US President (POTUS) and Vice President’s (VPOTUS) daily schedules are subject to change. Saturday & Sunday, July 18-19, 2020 THE PRESIDENT has no public events scheduled. VPOTUS’ Schedule* Saturday & Sunday, July … Continue Reading

Public Policy Daily Briefing – July 1, 2020

Senate Republican leaders have begun to lift the veil on their plans for the next coronavirus response package, acknowledging in a news conference Tuesday that they will support opening the coffers next month to provide another round of aid. The timetable set by Senate Majority Leader Mitch McConnell (R-KY) and other Senate GOP leaders means … Continue Reading

Public Policy Daily Briefing – June 25, 2020

COVID-19 is making a comeback in America this summer, complicating President Donald Trump’s re-election campaign and governors’ plans to reopen their economies. A wave of new hospitalizations around the country is threatening to dampen hopes for a quick economic recovery in the wake of this spring’s pandemic-related lockdown, giving new urgency to discussions among federal … Continue Reading

Public Policy Daily Briefing – June 22, 2020

With summer officially underway in America and the number of new coronavirus cases in the US continuing to rise, President Donald Trump is doubling down on immigration restrictions imposed during the nation’s COVID-19 lockdown. Proponents of increased federal aid to states, territories and municipalities are gaining an important new ally as policymakers look ahead to … Continue Reading

Public Policy Daily Briefing – June 16, 2020

With a month having passed since the Democratic-controlled US House of Representatives passed the US$3 trillion HEROES Act as a sequel to the bipartisan US$2.7 trillion CARES Act, calls are being renewed for Republicans in the US Senate to begin negotiations for the purpose of forging the next major federal coronavirus response deal. The White … Continue Reading

Paycheck Protection Program – Developments You Should Know

Recent Developments in the Paycheck Protection Program (PPP) Treasury Secretary Mnuchin announces important changes Senate small business committee Democrats ANNOUNCE a new PPP bill On Wednesday, June 10, 2020, in testimony before the Senate Committee on Small Business & Entrepreneurship yesterday, Treasury Secretary Mnuchin announced two major changes to the PPP that the Trump Administration … Continue Reading

Treasury Report on Identifying and Reducing Regulatory Burdens

As you will recall, earlier this year, President Trump issued an Executive Order requiring the Department of Treasury to identify regulations issued during the last year of the Obama Administration that would increase burdens on taxpayers and impede economic growth.  After identifying eight such regulations in an interim report released in June, Treasury last week … Continue Reading

Comprehensive Tax Proposal Expected by June; Inversions, CbyCR on Horizon for Regulators

Legislative Activity Tax –Writers Plan to Put Out Comprehensive Blueprint by June Last Friday, April 15 (i.e., Tax Day), House Ways and Means Committee Chairman Kevin Brady (R-TX) confirmed that the Tax Reform Task Force (set up earlier in the year by Speaker Paul Ryan (R-WI)) plans to release a comprehensive tax reform “blueprint” by … Continue Reading

Hatch’s “Corporate Integration” Plan Delayed; Treasury Expected to Release Final CbyCR Regulations by July

Legislative Activity “Corporate Integration” Proposal Delayed As the House Ways and Means Committee continues moving forward with its international tax reform proposal, last week the Senate Finance Committee indicated that its “corporate integration” proposal has been delayed. The proposal, which would lower the effective rate for corporations by eliminating a double layer of taxation, is … Continue Reading

House Ways and Means Tasked With Funding Highway Bill; Treasury Moves Forward With BEPS Implementation

Legislative Activity House Lawmakers Schedule Markup of Transportation Bill Without Revenue Provisions Last week, on Friday, October 16, the House Transportation and Infrastructure Committee released a six-year, $325 billion highway funding bill (the Surface Transportation Reauthorization and Reform Act of 2015); a markup of the legislation is scheduled for Thursday, October 22. Notably, while the … Continue Reading

Lawmakers Press Onward with Tax Reform Efforts; IRS Issues Regulations, Guidance

Legislative Activity Lawmakers Press Onward with Tax Reform Efforts; Tax Extenders, Highway Funding Coming Into Focus With tax-writers having moved trade legislation out of their respective committees, the Senate Finance Committee’s Tax Reform Working Groups have begun to hold roundtables to brief their colleagues on the status of their work and to receive initial feedback. … Continue Reading
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