Federal Relations

House Fails IRA Charitable Rollover Legislation

The House failed to pass a permanent extension to the IRA charitable roll over provision. The House was considering a package of three tax extenders this week. The House previously passed a one-year extension, which is waiting Senate consideration. The White House had issued a veto threat on the measure.

House Considers Charitable Tax Extenders

Last week, the House voted to renew most extenders for one year — restoring them for the current 2014 tax year so that companies and individuals can make use of the breaks when filing their 2014 tax returns. The Senate expects to clear that measure in the coming days. Today, the House considered HR 5806, the

House to Pass Tax Extenders

The House is set to consider HR 5771, the Tax Increase Prevention Act today. The measure would retroactively extend more than 50 expired tax breaks for one year. It would renew the individual deduction for state and local sales taxes and the equalization of tax-free benefits for transit and parking, the business research and development tax credit,

House Passes Black-Davis Student and Family Tax Simplification Act

The House passed H.R. 3393, the Student and Family Tax Simplification Act (Black-Davis), by a vote of 227-187 yesterday. The bill combines four education tax benefits into a new, permanent American Opportunity Tax Credit. The higher education community has raised concerns about how the bill impacts nontraditional and graduate students. These concerns were echoed in

Higher Ed Legislation Advances

Today Senate HELP Chairman Tom Harkin (D-IA) will introduce his plan to reauthorize the Higher Education Act. The Higher Education Affordability Act focuses on four goals: Increasing college affordability, helping struggling borrowers, strengthening accountability, and improving transparency. These goals will be achieved through 21 action points, including tightening for-profit regulations, better accountability metrics for colleges

The Week Ahead

This week lawmakers continue to debate FY2015 appropriations, student loans, and VA reform. Tonight, the House will vote on S. 1254, the Harmful Algal Bloom and Hypoxia Research and Control Amendments Act of 2013. The bill would authorize $20.5 million annually through 2018 for the National Oceanic and Atmospheric Administration to reduce the effects of

First Two FY 2015 Bills to Advance

The first two FY 2015 bills are set to move through the House Appropriations subcommittees today: Military Construction-VA and Legislative Branch. The Military Construction-VA bill proposes $71.5 billion in discretionary spending for the VA and the military construction accounts of the Defense Department, a decrease of $1.8 billion from the FY 2014 enacted level, with

FY2015 Appropriations Season Underway

House and Senate appropriators will begin their FY2015 work this week with the goal of moving all 12  annual spending bills through the legislative process before the end of the fiscal year on September 30th. House and Senate appropriators are holding a trio of hearings this week ahead of next Tuesday’s White House budget release

This Week in Congress

The Senate resumes its gun control debate this week, beginning today with the most substantive and contentious issue: a bipartisan proposal to require background checks of gun purchasers in commercial and Internet sales. It’s the start of deliberations that could keep that chamber busy until the Memorial Day recess. We also expect to see an

Summary of President’s FY14 Budget Request

Yesterday, President Obama released his FY14 budget request — nearly two months later than required by law. Much of the delay was blamed on the sequester and the prolonged FY13 appropriations process that resulted in a year-long continuing resolution (CR). In a typical year, the President’s Budget Request (PBR) kicks off the annual appropriations season,

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