article thumbnail

Congress Fights Overtime Rule

Associations Now

Members of Congress join associations, including ASAE, in pushback against proposed overtime rule. The Department of Labor (DOL) released a proposed rule last summer that would require businesses to pay overtime wages to employees making $50,440 or less per year, which would be a 113 percent increase over the current threshold.

NV 40
article thumbnail

ASAE Shares Comments On “Cadillac” Tax

Associations Now

ASAE submitted comments to the Internal Revenue Service last week on the upcoming “Cadillac” tax, a 40 percent, nondeductible excise tax on high-cost health plans that goes into effect in 2018. Dean Heller (R-NV) and Martin Heinrich (D-NM). Joe Courtney (D-CT) but has yet to see a floor vote.

NV 40
article thumbnail

Tax Reform Could Factor Into Budget Deal, GOP Leaders Say

Associations Now

President Obama has repeatedly said he will not negotiate around the debt ceiling, and Democrats in general want more revenue out of any long-term budget deal. Obama said in a television interview last week that revenue could be raised by closing loopholes in the tax code instead of raising income tax rates on high earners. “It

NV 40