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Multi State Income and Franchise Insights

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

Washington Tax Insight June 2019

Politics and Congressional Activity Congress returned on June 3rd from a Memorial Day recess to face a number of pressing issues.  Negotiations on budget and spending legislation are in the hands of House Speaker Pelosi (D-CA) and Senate Majority Leader McConnell (R-KY) with a goal of reaching agreement in time to prevent the need to pass a continuing resolution prior to the start of the fiscal year on October 1st.  […]

June 12, 2019