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.
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.
Your weekly North Carolina political news report.
The budget process continued last week as House lawmakers gave preliminary approval late Thursday to a $23.9 billion spending plan for next year. Both chambers considered legislation impacting a number of issues including judicial elections, building code reform, opioid laws, and more.
This Week: When Congress returns from its Memorial Day recess, it faces a countdown toward the midterm elections with much to get done.
Budget preparation took up the majority of business at the legislature this week. House and Senate budget writers anticipate that the budget will be passed by both chambers late next week. Also, House and Senate leaders released preview of key policy initiatives in the budget, which includes investments in school safety, a broadband grant program, and raises for teachers and various state employees.
An overview of the upcoming week in Congress from the McGuireWoods Consulting Tax Policy Update Team.
The European Commission recently proposed a 3% tax on turnover for companies with EU digital revenues over €50 million and total global revenues over €750 million.
The latest updates in the Affordable Care Act (ACA) case, from the Washington Healthcare team.