{"id":8399,"date":"2023-06-26T14:24:55","date_gmt":"2023-06-26T21:24:55","guid":{"rendered":"https:\/\/familyenterpriseusa.com\/?p=8399"},"modified":"2023-06-26T14:49:38","modified_gmt":"2023-06-26T21:49:38","slug":"weekly-washington-update-impeachment-dobbs-anniversary-economic-bills-and-more","status":"publish","type":"post","link":"https:\/\/familyenterpriseusa.com\/taxes\/weekly-washington-update-impeachment-dobbs-anniversary-economic-bills-and-more\/","title":{"rendered":"Weekly Washington Update: Impeachment, Dobbs Anniversary, Economic Bills, and More"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.16″ custom_padding=”4px|||||” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_divider color=”#397389″ divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_button button_url=”https:\/\/familyenterpriseusa.com\/polling-and-research\/contact-your-representatives-in-congress-to-join-the-congressional-family-business-caucus-now\/” button_text=”Rally for Family Businesses by Contacting Congress Now to Join the Congressional Family Business Caucus!” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Call to Action Button Top” _builder_version=”4.21.0″ _module_preset=”default” custom_button=”on” hover_enabled=”0″ disabled=”on” global_module=”7025″ saved_tabs=”all” global_colors_info=”{}” sticky_enabled=”0″][\/et_pb_button][et_pb_divider color=”#397389″ divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Content” _builder_version=”4.21.0″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]<\/p>\n

House Sends Biden Impeachment Effort to Committees<\/u>: Yesterday, the House voted 219-208 to refer articles of impeachment against President Biden to the Judiciary and Homeland Security committees. Sending the measure to committees helped avoid political tensions between conservative Republicans and Republicans representing more moderate districts. Earlier this week, Rep. Lauren Boebert (R-CO) introduced a privileged resolution to bring her impeachment measure to the House floor despite Speaker Kevin McCarthy\u2019s (R-CA) opposition. Rep. Boebert\u2019s measure argues that President Biden\u2019s actions on immigration and the southern border warrant impeachment.<\/h2>\n

One-Year Anniversary of\u00a0Dobbs<\/em>\u00a0Decision to Overturn\u00a0Roe v. Wade<\/em><\/u>: June 24 marks one year since the Supreme Court\u2019s\u00a0Dobbs v. Jackson Women\u2019s Health Organization\u00a0<\/em>ruling overturned the right to an abortion set 50 years previously by\u00a0Roe v. Wade<\/em>. In the year since\u00a0Dobbs<\/em>, 15 states made abortion illegal with few exceptions while abortion remains legal in 26 states and Washington, D.C. Abortion also was on the November 2022 ballot in six states\u2014measures to establish state rights to abortion were approved in California, Michigan and Vermont while measures to restrict abortion were rejected by voters in Kansas, Kentucky and Montana. Abortion bans in Indiana, Ohio, South Carolina and Wyoming have not taken effect while state supreme courts review them.<\/h3>\n

The decision also set off a flurry of court cases around abortion access. Forty lawsuits across 22 states have been filed since last June, and 29 cases remain pending at the trial or appellate level. The Supreme Court has since intervened in the case around the abortion drug mifepristone, pausing a lower court order to ban the drug nationwide. Several cases focused on Title X, the Emergency Medical Treatment and Active Labor Act (EMTALA), and religious beliefs could also make their way to the Supreme Court.<\/p>\n

Over 200 Lawmakers Urge CMS to Strengthen Prior Authorization Proposed Rules<\/u>: On Wednesday, June 21, 233 members of Congress and 61 senators sent a\u00a0letter<\/a>\u00a0to the Centers for Medicare & Medicaid Services (CMS) urging the agency to alter and finalize proposed rules for modernizing and streamlining the Medicare Advantage (MA) prior authorization process. The lawmakers called for CMS to add several provisions of the Improving Seniors\u2019 Timely Access to Care Act, which unanimously passed the House last session, to the proposed rules, including real-time electronic decision-making for routinely approved services, decisions within 24 hours for emergency procedures, and detailed transparency metrics.<\/p>\n

House Passes CHOICE Arrangement Act<\/u>: The House passed the Custom Health Option and Individual Care Expense (CHOICE) Arrangement Act (H.R. 3799<\/a>) 220-209 on Wednesday, June 21. The bill codifies a 2019 Trump administration rule allowing employers to provide funds for employees to purchase their own health plan in the individual market.<\/p>\n

More Lawsuits Against IRA Drug Price Negotiation<\/u>: On Wednesday, June 21, the Pharmaceutical Research and Manufacturers of America (PhRMA) filed a lawsuit challenging the Inflation Reduction Act\u2019s (IRA) drug price negotiation program, echoing several other high-profile lawsuits against the law. PhRMA, along with the National Infusion Center Association (NICA) and the Global Colon Cancer Association (GCCA), argues that the Medicare drug price negotiation part of the law violates the Fifth and Eight Amendments. Other lawsuits filed by Merck, the U.S. Chamber of Commerce and Bristol Myers Squibb similarly contend that the IRA goes against the First, Fifth and Eighth Amendments and federal government separation of powers.<\/p>\n

Preventive Service Task Force Recommends Anxiety Screening for Adults<\/u>: On Tuesday, June 20, the U.S. Preventive Services Task Force (USPSTF) announced its recommendation that all adults 19\u201364 years old be screened for anxiety. USPSTF stated that anxiety disorders are common but often go unrecognized in the primary care setting and treatment can often be delayed or is inadequate for patient needs. The task force cited that 25% of men and 40% of women report having an anxiety disorder at some point in their lifetime, and their recommendation includes a call for providers to receive better training around anxiety disorders and overall mental health stigma.<\/p>\n

House Tax-Writing Committee Advances GOP Economic Bills<\/u>: The House Ways and Means Committee approved a trio of Republican tax bills along party lines during a markup last week. The economic-growth package, which is comprised of the Tax Cuts for Working Families Act (H.R. 3936<\/a>), the Small Business Jobs Act (H.R. 3937<\/a>) and the Build It in America Act (H.R. 3938<\/a>), incorporates several tax proposals that were previously offered by Republican committee members as standalone bills earlier this year.\u00a0For Brownstein\u2019s full summary of the tax package,\u00a0<\/em>click here<\/em><\/a>.<\/em><\/p>\n

Democratic lawmakers offered several amendments to the bills throughout the markup, but none were adopted due to unanimous rejection from the Republican majority. Several Democrats targeted the proposed repeal of several green-energy tax credits; Reps. Dan Kildee (D-MI) and Earl Blumenauer (D-OR) offered amendments to maintain the current clean-vehicle and electricity tax credits. Rep. Lloyd Doggett (D-TX) proposed adding a provision that would apply the global intangible low-taxed income (GILTI) regime on a \u201ccountry-by-country\u201d basis instead of its current global-aggregate approach.<\/p>\n

Committee members also debated the merits of proposals to raise the current $10,000 state and local tax (SALT) deduction limit. Rep. Bill Pascrell (D-NJ) offered an amendment that would increase the SALT cap to an inflation-adjusted $60,000 ($120,000 for joint filers) for tax years 2023 through 2032. Although Reps. Nicole Malliotakis (R-NY) and Claudia Tenney (R-NY) noted their support for SALT reform, they sided with the other Republican committee members in rejecting the proposal.<\/p>\n

After the markup, several off-committee Republican lawmakers, including Reps. Mike Garcia (R-CA) and Nick LaLota (R-NY), signaled they may not support the bills on the House floor due to the absence of SALT relief. Rep. LaLota said he is pushing other members of the GOP conference to insist on the inclusion of a SALT amendment to the tax package before it receives floor consideration.<\/p>\n

Notwithstanding disapproval from some SALT advocates, the House is expected to pass the unamended package in the coming weeks. While the partisan bills are unlikely to receive consideration in the Democratic-controlled Senate, the individual proposals included in the legislation lay the groundwork for the development of future bipartisan tax legislation in the 118th Congress. During the markup, Ranking Member Richard Neal (D-MA) noted that Democrats \u201cstand ready to negotiate some of [the tax] proposals\u201d offered in the bills.<\/p>\n

Senate Democrats Increase Efforts to Expand CTC<\/u>: Last week, the Senate Finance Committee held a hearing to discuss potential tax reform to assist children and families. The hearing came alongside the reintroduction of the Working Families Tax Relief Act (S.1992<\/a>) by Sen. Sherrod Brown (D-OH). The bill would increase the child tax credit (CTC) to $3,000 per child for taxpayers with children less than 17 years old, and it would increase the credit by an additional $600 for each child under age 6. Sen. Brown\u2019s proposal would also reinstate the COVID-19-era monthly advanced CTC payment system and make the credit fully refundable. Beyond its expansion of the CTC, the bill would significantly increase the value of the earned income tax credit (EITC), especially for individuals without children. Some Republicans raised concerns regarding the proposal, including Sen. Thom Tillis (R-NC), who expressed skepticism over \u201cdeclaring [previous CTC expansions] to be highly successful with only five months of data.\u201d<\/p>\n

Senate Expected to (Finally) Ratify Chile Tax Treaty in Coming Weeks<\/u>: Senate Majority Leader Chuck Schumer (D-NY) filed cloture on a\u00a0tax treaty<\/a>\u00a0between the United States and Chile last week, setting the stage for a possible Senate vote as early as today. The Senate Foreign Relations Committee voted 20-1 on June 1 to approve the measure to ratify the treaty. Since 2010, the treaty has been advanced by the Foreign Relations Committee on four occasions but never considered by the full Senate. The treaty is expected to increase investment by U.S. and Chilean companies by reducing applicable taxpayers\u2019 withholding tax rates on dividends, interest and royalties.<\/p>\n

Bernstein Confirmed as White House\u2019s Top Economic Adviser<\/u>: The Senate confirmed Jared Bernstein to become chairman of the White House Council of Economic Advisers (CEA) by a 50-49 vote last week. Senate Energy and Natural Resources Committee Chairman Joe Manchin (D-WV) sided with every voting Republican in opposition to the nomination, citing Bernstein\u2019s perceived \u201cwillingness to disregard the need for all-of-the-above energy policies.\u201d Throughout the nomination process, Senate Republicans attempted to characterize Bernstein as inexperienced and frequently noted his previous support for proposals to raise the estate, gift and generation-skipping transfer taxes as evidence for his partisan biases. Bernstein was formerly a member of the CEA and, before that, served on then Vice President Joe Biden\u2019s staff as a senior economic adviser.<\/p>\n

[\/et_pb_text][et_pb_divider color=”#397389″ divider_style=”dotted” disabled_on=”off|off|off” _builder_version=”4.19.5″ _module_preset=”default” custom_margin=”||14px|||” custom_padding=”10px||2px|||” global_colors_info=”{}”][\/et_pb_divider][et_pb_button button_url=”https:\/\/comms.bhfs.com\/rv\/ff00aeac499a864a0b843605154f84025404e711″ url_new_window=”on” button_text=”Stay up-to-date on the Health Care, Tax, Immigration, Energy, Environment and Natural Resources, Transportation, Labor, Trade, Telecommunications, and Cybersecurity and Data Privacy. Click here.” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Call to Action Button” _builder_version=”4.21.0″ _module_preset=”default” custom_button=”on” custom_margin=”||23px|||” global_colors_info=”{}”][\/et_pb_button][et_pb_divider color=”#397389″ divider_style=”dotted” disabled_on=”off|off|off” _builder_version=”4.19.5″ _module_preset=”default” custom_padding=”6px|||||” global_colors_info=”{}”][\/et_pb_divider][et_pb_text disabled_on=”off|off|off” admin_label=”Brownstein Hyatt Farber Schreck Logo & About” _builder_version=”4.20.2″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/www.bhfs.com\/” link_option_url_new_window=”on” border_color_all=”#FFFFFF” border_style_all=”none” global_module=”6751″ global_colors_info=”{}”]<\/p>\n

\"\"<\/p>\n

About Brownstein Hyatt Farber Schreck
<\/strong>Brownstein Hyatt Farber Schreck is a unique law firm. Walk into any of our offices and you\u2019ll immediately recognize a different type of energy. Complacency doesn\u2019t have a place here. Flexibility and inspiration do.\u00a0Our culture and enthusiasm allow our attorneys, policy consultants and legal staff to stay ahead of our clients\u2019 needs and provide them with the resources they require to meet their business objectives.<\/p>\n

[\/et_pb_text][et_pb_divider color=”#397389″ divider_weight=”2px” disabled_on=”off|off|off” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text disabled_on=”on|on|on” admin_label=”Become a member text” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5822″ global_colors_info=”{}”]<\/p>\n

We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\n

As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.<\/p>\n

The need for fact-based reporting of issues important to multi generational businesses<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, multi generational businesses<\/a> and family businesses<\/a> are under fire. That’s why Family Enterprise USA<\/a> is passionately working to increase the awareness of issues important to generationally-owned family businesses<\/a> built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates<\/a>, possible elimination of valuation discounts, increase in capital gains tax<\/a>, enactment of a wealth tax<\/a>, and the continued burden of the gift tax<\/a>, estate tax<\/a> and generation skipping tax<\/a>.<\/p>\n

[\/et_pb_text][et_pb_button button_url=”https:\/\/familyenterpriseusa.com\/donate\/” button_text=”Become a Family Enterprise USA Member” button_alignment=”center” disabled_on=”on|on|on” admin_label=”Become FEUSA member button” _builder_version=”4.21.0″ _module_preset=”default” custom_button=”on” global_module=”6503″ global_colors_info=”{}”][\/et_pb_button][et_pb_divider color=”#397389″ divider_style=”dotted” divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_video_slider admin_label=”Video Slider Webinar Replays” _builder_version=”4.18.0″ _module_preset=”default” global_module=”5954″ saved_tabs=”all” global_colors_info=”{}”][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=ebLC74TMplE” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=fIbiW_qFdE0″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=uKyoSHKZ-5o&t=81s” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=KIgfjsdi4o0″ _builder_version=”4.17.6″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=6ME0xh9XKSM” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][\/et_pb_video_slider][et_pb_text disabled_on=”on|on|on” admin_label=”FEUSA Statement” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5910″ saved_tabs=”all” global_colors_info=”{}”]<\/p>\n

\n

Family Enterprise USA<\/a> promotes family business and job creation, growth, and sustainability by advocating for family businesses<\/a>, their lifetime of savings, and the issues they face running their businesses every day. Some of the issues we fight for or against with Congress in Washington DC are high Income tax<\/a> rates, possible elimination of valuation discounts, increase in capital gains tax<\/a>, enactment of a wealth tax<\/a>, and the continued burden of the gift, estate taxes<\/a> and generation skipping taxes<\/a>. Family Enterprise USA represents and celebrates all sizes and industries of family businesses<\/a> and multi-generational<\/a> employers.<\/p>\n

Family Enterprise USA<\/a> (FEUSA) is a 501(c)(3) non-profit organization. Family foundations can donate.<\/a><\/p>\n

\n

[\/et_pb_text][et_pb_text disabled_on=”on|on|on” admin_label=”Hash tags & Tags” _builder_version=”4.21.0″ _module_preset=”default” global_module=”6498″ global_colors_info=”{}”]<\/p>\n

#incometax #taxseason #federaltaxpolicy #taxation #EstateTax #Deathtax #wealthtax #taxLegislation #CongressionalCaucus #CapitalGainsTax #incometaxrates #incometaxseason #taxrefund #taxreturn #incometaxreturn #gifttax #Generationskippingtax #InheritanceTax #repealestatetax #FamilyBusiness #promotefamilybusinesses #familyowned #supportlocalbusiness #womeninbusiness #AdvocatingForFamilyBusinesses #Generationallyowned #Multigenerationalbusiness\u00a0 @FamilyEnterpriseUSA @PolicyAndTaxationGroup @DitchTheEstateTax #FamilyEnterpriseUSA #PolicyAndTaxationGroup #DitchTheEstateTax<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

House Sends Biden Impeachment Effort to Committees: Yesterday, the House voted 219-208 to refer articles of impeachment against President Biden to the Judiciary and Homeland Security committees. Sending the measure to committees helped avoid political tensions between conservative Republicans and Republicans representing more moderate districts. Earlier this week, Rep. Lauren Boebert (R-CO) introduced a privileged […]<\/p>\n","protected":false},"author":2,"featured_media":8401,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[48,92,78,76,36],"tags":[],"class_list":["post-8399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-multi-generational-business","category-in-the-news","category-income-taxes","category-taxes"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/8399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8399"}],"version-history":[{"count":5,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/8399\/revisions"}],"predecessor-version":[{"id":8417,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/8399\/revisions\/8417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/8401"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}