Congress Fights Overtime Rule

Associations Now

Cresent Hardy (R-NV) and Steve Knight (R-CA) urged DOL to reconsider moving forward with the overtime rule as drafted, arguing that it would have a disproportionate impact on small businesses and nonprofits, particularly in certain geographic areas. ASAE believes the new rule would adversely affect many nonprofit organizations and other employers with limited revenues and could harm many affected employees as well.

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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). In comments to the IRS, ASAE suggests the excise tax on high-cost health plans could be a “nightmare” for employers and may result in a reduction of employees’ benefits.

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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 With some House Republicans reportedly seeking a “grand bargain” to fund the government and raise the debt limit, tax reform could play a role.

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Support Growing for 501(c)(6) Inclusion in Paycheck Protection Program

Associations Now

Another round of COVID-19 relief legislation passed through Congress without addressing the needs of revenue-distressed 501(c)(6) associations, but there are encouraging signs that the message from ASAE [PDF] and others is being heard on Capitol Hill.

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