Federal Relations

Tax & Finance


September 12, 2016

House Oversight to Hold Hearing on Endowments

The House Ways & Means Subcommittee on Oversight will hold a hearing on university endowments tomorrow, Tuesday, September 13th at 10 AM/ET. Titled, “Back to School: A Review of Tax-Exempt College and University Endowments,” the hearing is following up on an October 2015 hearing on, “The Rising Costs of Higher Education and Tax Policy.” The committee…


January 27, 2016

Endowments Fall 2.4%

Colleges saw significantly lower returns on their endowments in the 2015 fiscal year. The annual NACUBO-Commonfund Study of Endowments found that 812 colleges returned an average of just 2.4 percent after fees, down from 15.5 percent in 2014 and the lowest return since the -0.3 percent reported for 2012. The long-term return was well below…


December 17, 2015

House Passes Tax Extenders

Today, the House passed a $622 billion tax package that permanently renews a number of tax provisions following years of short-term extensions. Seventy-seven Democrats joined 241 Republicans to pass the measure in a 318 to 109 vote. Several tax breaks created under President Obama’s stimulus package are made permanent, including the American Opportunity Tax Credit,…


December 16, 2015

Tax Extenders Bill Released

House Republicans unveiled a $650 billion permanent tax package early Wednesday morning.  Key elements of the package were the permanent extensions of the research and experimentation tax credit and several charitable donation tax breaks. Sections of note include: Section 102. Enhanced American opportunity tax credit is made permanent. The Hope Scholarship Credit is a credit of…


Omnibus Released

House Republican Leadership released the long-awaited FY 2016 omnibus appropriations and tax extenders package late last night. The $1.15 trillion, 2,009-page package was delayed until just after 1:30 a.m. Wednesday after party leaders spent Tuesday swapping final offers. House Republican Leadership initially said they would adhere to the GOP’s “three-day rule,” releasing the package on Tuesday…


July 21, 2015

Senate Finance Passes Tax Extenders

The Senate Finance Committee marked up and passed a tax extenders package today by a vote of 23-3. The bill , among many other proposed tax breaks, would extend the teacher tax credit, the above the line deduction for qualified tuition and expenses, and the research tax deduction all through the end of 2016. A number of…


January 28, 2015

President Obama Drops Controversial 529 Plan

President Obama has officially dropped the proposal outlined in his recent State of the Union Address that would eliminate the tax advantage of 529 investment programs after facing severe push-back from lawmakers on both sides of the aisle and parents across the country. Per the proposal, any money earned from future contributions to 529 college…


January 20, 2015

State of The Union

Tonight at 9 pm Eastern, 6 pm Pacific, President Obama is scheduled to give his 6th State of the Union address to Congress. The White House has been previewing certain initiatives, such as two years of free community college and paid sick leave, in advance of the speech tonight. Tonight, however, the crux of his speech is…


December 11, 2014

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.


December 10, 2014

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…



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