Today In Washington
Source: AEO Government Relations Team, Madison Services Group
Tax Bill Heads to Conference
Yesterday, the House voted to conference its version of the “Tax Cuts and Jobs Act” with the Senate version. The vote was not without last-minute drama, as the House Freedom Caucus withheld their votes until the very end, citing their displeasure with House GOP Leadership’s decision to vote on a two-week continuing appropriations resolution (CR) this week. Freedom Caucus members were huddling with Leadership during the vote, when Chair Mark Meadows (R-NC) stepped outside the chamber to take a call from President Trump. When he returned, the remaining hold-outs voted in favor of the motion to go to conference.
Appropriations Watch: On the Clock, Day Two
Today, the House GOP is expected to meet to hammer out details of a short-term CR, with a vote scheduled for Wednesday. GOP Leadership favors a two-week CR, extending funding to December 22. The Freedom Caucus, believing a two-week CR gives Democrats the upper-hand during negotiations, is pushing a measure that funds the government until December 30. House and Senate Minority Leaders Nancy Pelosi (D-CA) and Chuck Schumer (D-NY) are scheduled to meet with President Trump regarding government funding on Thursday. Funding expires on Friday.
October 22, 2018
Treasury Releases Proposed Regulations on Opportunity Zones Designed to Incentivize Investment in American Communities
The IRS's proposed regulations clarify that any person that recognizes capital gain for U.S. federal income tax purposes is eligible to defer all or a portion of such gain by investing in an Opportunity Fund.
October 17, 2018
AEO Announces Hyacinth Vassell As Vice President of Innovation Engineering
AEO, a national nonprofit organization dedicated to the development of a robust marketplace for underserved microbusinesses, is proud to announce Hyacinth Vassell as Vice President of Innovation Engineering.