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The True Plan Insights

Washington Tax Insight September 2019

Politics and Congressional Activity An assessment of the year thus far for Congressional achievements is a mixed bag with many important issues yet to be dealt with in 2019.  Although the budget deal that Congress reached before the recess began is arguably an accomplishment, there is still opportunity for problems when Congress returns in September because Congress will need to approve appropriations legislation that specifies the funds allocated for the […]

September 12, 2019

Washington Tax Insight August 2019

Politics and Congressional Activity The Senate and the House approved legislation called the Bipartisan Budget Act of 2019 that would suspend the statutory debt limit until mid-2021 and lift the statutory caps on discretionary spending for the next two years (the “sequester”).  The President has said that he will sign the bill.  The budget deal does not include any tax measures, such as tax extenders, technical corrections, or retirement security […]

August 1, 2019

Washington Tax Insight July 2019

Politics and Congressional Activity H0use and Senate leadership continue to meet with White House officials in an effort to work out a two-year budget deal that would also address the issue of the debt ceiling limit.  If they can successfully agree on a two-year deal rather than just a one-year measure, the path to writing spending bills and avoiding another government shutdown becomes clearer. Congress passed a $19 billion disaster […]

July 16, 2019