FY13 President’s Budget Request

The President is scheduled to deliver his FY13 budget request to Congress later this morning, kicking off the annual budget and appropriations season. While the details of the budget have remained under wraps until today, the Office of Management and Budget (OMB) released a 2013 “Fact Sheet” on Friday revealing that the budget will include… Read More


President Obama’s American Jobs Act Would Carry Slight Impact for UW

The American Jobs Act introduced by President Obama last week and delivered to congress in full bill form this week, looks like it may carry some tax implications for UW. If passed, the bill would expand and extend the existing payroll tax reduction for employees from the already reduced rate of 4.2% to 3.1%. Would… Read More


President Obama Annouces $447 Billion American Jobs Act

Last night in a joint address to Congress, President Obama laid forth a $447 billion plan designed to put Americans back to work and jumpstart the struggling economy. The proposed package includes $245 billion in tax cuts, $140 billion in investments in infrastructure and local aid, and $62 billion in continued unemployment benefits. To ensure… Read More


Progress This Week

Congressional Schedule:  The House is in recess this week and the Senate is scheduled for recess next week (week of July 4th).  The House has another recess scheduled for the week of July 18th, and both chambers have recess scheduled for the month on August (August 8th through September 6th). Debt Negotiations Continue:  Yesterday, President… Read More


Senate Moves Tax Package Forward (Updated 12/17)

**2nd Update 12/17** The packaged has been fully approved by Congress and is heading to the President’s desk, where it will be signed this afternoon. ** Update ** Today, by a vote of 81-19, the Senate voted to pass the much discussed tax-extenders package. The bill now goes to the House for a vote. The $893 billion… Read More


Post-Election Legislative Agenda Uncertain

The mid-term congressional elections that took place on Tuesday, resulting in a Republican House majority and diminished Democratic Senate majority, will have a significant impact on issues of concern to the higher education community (FY11 appropriations, DREAM Act, COMPETES Act, tax policy) that were previously slated for consideration during the coming “lame-duck” session. The current… Read More


Congress Comes Back to Work

Congress returns to work this week for a final few weeks of work before the November elections.  While there is plenty of legislating to do, I don’t expect that we’ll see much action with most major issues being delayed until the post-election lame-duck session.  The only thing that Congress MUST act on before October 1st… Read More


Future of Tax Extenders Legislation Remains Unclear

Despite House passage of the Tax Extenders Act of 2009 (H.R. 4213), it appears possible that tax provisions important to the higher education community may expire at the end of the month. The provisions include the education tuition deduction, the IRA charitable rollover, and the research and development tax credit. Disagreements in the Senate over… Read More


AAU Provides Briefing Papers on Tax Issues Impacting Universities

Several background papers on tax issues of interest to research universities have been completed and are available on the Association of American Universities (AAU) website. Three new documents address charitable giving, Section 127 employer-provided educational benefits, and the American Opportunity Tax Credit. The documents were developed through the AAU tax issues task force, with assistance… Read More