Today in Washington - September 12, 2018
September 12, 2018
Source: Jennifer White - Legislative Counsel
Congress returns to Washington today for a short week.
Appropriations Watch – Lawmakers are aiming to vote this week in both chambers on a final spending package covering Military Construction-VA, Energy and Water and Legislative Branch spending. The House today will consider 24 measures, starting with a bill that would authorize a new office at the Homeland Security Department aimed at deterring chemical, biological, radiological, and nuclear attacks.
Tax Reform 2.0 – The House Ways and Means Committee plans to debate, amend, and vote on the tax 2.0 package tomorrow, which the JCT estimates would cost more than $657 billion over a decade. The committee will consider all three bills in the 2.0 package: the Protecting Family and Small Business Tax Cuts Act of 2018, which would make the individual provisions in the 2017 tax law permanent; the Family Savings Act of 2018, which focuses on retirement plans; and the American Innovation Act of 2018, which is meant to spur innovation by allowing startup businesses to write off more of their costs.
- Thursday, 9/13 @ 10 AM: House Ways and Means Committee, Markup: Bills to Protect Taxpayers, 1100 Longworth.
- Thursday, 9/13 @ 11 AM: House Small Business Committee, Now Hiring: How the Opioid Epidemic Affects Small Businesses, 2360 Rayburn.
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.