When the 2017 Tax Act capped the individual federal income tax deduction for state and local taxes at $10,000, there was an uproar from higher-tax states such as California, Connecticut, New York and New Jersey.
In a recent Stateline article from The Pew Charitable Trusts, McGuireWoods Consulting senior vice president Chris Nolen commented on state efforts to develop internet privacy legislation.
Led State and Federal Legislative Affairs for Texas Retailers Association; Veteran of the Texas Legislature and Texas Comptroller’s Office
The Nashville Business Journal sought authoritative insight from McGuireWoods Consulting’s Chris Lloyd in reporting on possible damage to Nashville’s robust economic development after voters overwhelmingly defeated a May 1 metropolitan transit referendum.
Ryan Bernstein, a respected Republican strategist and chief of staff to U.S. Sen. John Hoeven of North Dakota, will bring nearly two decades of senior government and political experience to McGuireWoods Consulting’s acclaimed Federal Government Relations Practice.
Quote of the week: “Your tax lady. She really hates the U.S.”
- President Donald Trump said to EU Commissioner Jean-Claude Juncker at the G7 summit, referring to EU Competition Commissioner Margrethe Vestager.
Your weekly North Carolina political news report.
This Week: House votes on modified rescission package; Senate’s August recess cancelled; silver loading to go ahead; concerns raised on cybersecurity and HHS; 340 B penalties are delayed one more time.
Business picked up at the legislature this week. The Senate quickly overrode Governor Cooper’s veto of the $23.9 billion state budget, and both chambers considered legislation on regulatory reform, judicial elections, and municipal charter schools. Also, Speaker Tim Moore (R-Cleveland) and other House leaders sponsored a bill that would add a state constitutional amendment to November’s ballot.
Number of the week: 25%. The tariff rate that the Trump administration is imposing on imported steel from the European Union, Canada, and Mexico. The administration’s announcement last week, which also included a 10 percent tariff on aluminum imports, surprised and rattled U.S. allies.
An overview of the upcoming week in Congress from the McGuireWoods Consulting Tax Policy Update Team.
The Senate Committee on Health, Education, Labor and Pensions released a draft bill on its approach on opioids.
The draft legislation would overhaul the tax collection agency and modernize its information technology infrastructure. The overall goal is to improve taxpayer services and customer experience with the IRS.
The Georgia Legislative Session adjourned last week. Read below to learn what changes you can expect in the state.
A $1.3 trillion omnibus spending bill was signed into law March 23, 2018. Here's how the spending package affects the healthcare industry, by the numbers.