{"id":9208,"date":"2023-10-09T13:32:25","date_gmt":"2023-10-09T20:32:25","guid":{"rendered":"https:\/\/familyenterpriseusa.com\/?p=9208"},"modified":"2023-10-09T13:32:31","modified_gmt":"2023-10-09T20:32:31","slug":"weekly-washington-policy-updates","status":"publish","type":"post","link":"https:\/\/familyenterpriseusa.com\/taxes\/weekly-washington-policy-updates\/","title":{"rendered":"Weekly Washington Policy Updates"},"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=”Let Your Representatives in Congress Know Where You Stand on Detrimental Policies and Over-Regulation!: Contact Them Today!” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Call to Action Button Top” _builder_version=”4.22.1″ _module_preset=”default” custom_button=”on” global_module=”7025″ saved_tabs=”all” global_colors_info=”{}”][\/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=”4.22.1″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]<\/p>\n

General Updates<\/h2>\n

 <\/p>\n

McCarthy Ousted from Speakership in Historic Move: On Tuesday, Oct. 3, the House made history by removing Kevin McCarthy (R-CA) as speaker of the House in a 216-210 vote. Although 210 Republicans voted to keep McCarthy as speaker, the eight Republicans who joined all Democrats and voted against him were successful due to the narrow GOP majority in the chamber. On Oct. 2, Rep. Matt Gaetz (R-FL) filed a procedural \u201cmotion to vacate the chair\u201d against then-Speaker McCarthy after months of threatening to force a vote on McCarthy\u2019s leadership. Gaetz and his allies said they strongly disagreed with the way McCarthy ran the legislative process in the House. They also accused McCarthy of working with Democrats to fund the government and allegedly violating other internal agreements that were made when McCarthy became speaker.<\/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\/ff00b69892c8a8aeedbe82a2114284e5c6292e18″ url_new_window=”on” button_text=” Get more public policy intelligence and exclusive insights about Congress, Heath Care, Taxes, Immigration, Energy, Environment, Transportation, Trade, and more from Brownstein, click here.” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Call to Action Button” _builder_version=”4.22.1″ _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_margin=”||14px|||” custom_padding=”10px||2px|||” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Content” _builder_version=”4.22.1″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]<\/p>\n

Health Care<\/h2>\n

 <\/p>\n

Biden Administration Announces All Manufacturers of 10 Selected Drugs for the Medicare Drug Price Negotiation Program Have Chosen to Participate: On Tuesday, Oct. 3, the Biden administration\u00a0announced<\/a>\u00a0that all manufacturers of the 10 drugs selected for negotiation have signed agreements to participate in the Medicare Drug Price Negotiation Program included in the Inflation Reduction Act (IRA). The 10 drugs are used to treat various medical conditions, including heart failure, arthritis, cancers and diabetes. The administration noted that the 10 drugs covered under Part D selected for negotiation accounted for $3.4 billion in out-of-pocket costs for an estimated 9 million Medicare enrollees in 2022. CMS will publish any agreed-upon negotiated prices by Sept. 1, 2024, and any prices negotiated for the first set of participating drugs will go into effect in 2026. The Centers for Medicare and Medicaid Services (CMS) will also hold a series of patient listening sessions from Oct. 30 through Nov. 15 to solicit patient input.<\/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\/ff00b69892c8a8aeedbe82a2114284e5c6292e18″ url_new_window=”on” button_text=” Get more public policy intelligence and exclusive insights about Congress, Heath Care, Taxes, Immigration, Energy, Environment, Transportation, Trade, and more from Brownstein, click here.” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Call to Action Button” _builder_version=”4.22.1″ _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_margin=”||14px|||” custom_padding=”10px||2px|||” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Content” _builder_version=”4.22.1″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]<\/p>\n

Tax<\/h2>\n

 <\/p>\n

IRS Chief Counsel Nominee Fields Republican Concerns: On Sept. 28, the Senate Finance Committee held a hearing considering several nominations, including that of Marjorie A. Rollinson to be chief counsel for the Internal Revenue Service (IRS) and assistant general counsel in the Department of the Treasury. Rollinson was most recently a deputy director of national tax at Ernst & Young (EY) and previously served a stint at the IRS as the associate chief counsel (international). Rollinson\u2019s nomination comes at a time when the IRS and the Treasury Department are under fire for alleged regulatory overreach that does not reflect congressional intent. The most controversial rulemaking has been in response to guidance issued on the energy-tax credits in the Inflation Reduction Act (Pub. L. 117-169<\/a>). In response to a line of questioning from Finance Committee Ranking Member Mike Crapo (R-ID), who asked whether it was appropriate for the IRS to issue guidance that is inconsistent with statute, Rollinson was noncommittal to the assertion that the IRS was engaging in such activity, stating that the current role of the IRS is to interpret statute \u201cwithin the parameters of the law\u201d and that the Office of Chief Counsel would ensure that they would \u201cadvise fully\u201d on proper interpretation of the law for guidance purposes.<\/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\/ff00b69892c8a8aeedbe82a2114284e5c6292e18″ url_new_window=”on” button_text=” Get more public policy intelligence and exclusive insights about Congress, Heath Care, Taxes, Immigration, Energy, Environment, Transportation, Trade, and more from Brownstein, click here.” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Call to Action Button” _builder_version=”4.22.1″ _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_margin=”||14px|||” custom_padding=”10px||2px|||” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Content” _builder_version=”4.22.1″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]<\/p>\n

Immigration<\/h2>\n

 <\/p>\n

House-Passed FY24 HS Appropriations Bill Drops H-2A & H-2B Visa Reforms: Last Thursday, the House approved its FY24 Homeland Security appropriations bill (H.R.4367<\/a>) by a 220-208 margin, with Reps. Jared Golden (D-ME) and Marie Gluesenkamp Perez (D-WA) joining all Republicans voting in favor of the measure. However, the spending bill\u2019s final version ultimately left out previously proposed provisions to increase seasonal employers\u2019 abilities to obtain workers holding H-2A and H-2B visas. Specifically, prior versions of the spending bill included language that would permit employers in several seasonal industries to hire returning workers on H-2B visas without those individuals counting against the 66,000 cap per fiscal year. Another component would have removed restrictions on agricultural employers that prevented them from hiring workers holding H-2A visas for certain non-seasonal activities.<\/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\/ff00b69892c8a8aeedbe82a2114284e5c6292e18″ url_new_window=”on” button_text=” Get more public policy intelligence and exclusive insights about Congress, Heath Care, Taxes, Immigration, Energy, Environment, Transportation, Trade, and more from Brownstein, click here.” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Call to Action Button” _builder_version=”4.22.1″ _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_margin=”||14px|||” custom_padding=”10px||2px|||” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Content” _builder_version=”4.22.1″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]<\/p>\n

Energy, Environment and Natural Resources<\/h2>\n

 <\/p>\n

DOI Releases Final Five-Year Offshore Oil and Gas Plan: On Sept. 29, 2023, the Department of the Interior (DOI)\u00a0released<\/a>\u00a0the proposed final plan for the five-year National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program). The proposal includes the three offshore oil and gas lease sales, the fewest in the program\u2019s history. The lease sales are scheduled in 2025, 2027 and 2029 in the Gulf of Mexico. Three lease sales are the minimum number required by the Inflation Reduction Act (IRA) to enable the DOI to offer offshore wind leases in the future. The announcement initiated a 60-day waiting period before the secretary of the Interior can formally approve the program and issue a Record of Decision. DOI will also publish a Call for Information and Nominations for potential future oil and gas leases in the Gulf of Mexico between 2024\u20132029.<\/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\/ff00b69892c8a8aeedbe82a2114284e5c6292e18″ url_new_window=”on” button_text=” Get more public policy intelligence and exclusive insights about Congress, Heath Care, Taxes, Immigration, Energy, Environment, Transportation, Trade, and more from Brownstein, click here.” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Call to Action Button” _builder_version=”4.22.1″ _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_margin=”||14px|||” custom_padding=”10px||2px|||” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Content” _builder_version=”4.22.1″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]<\/p>\n

Transportation<\/h2>\n

 <\/p>\n

FAA Nominee Testifies on Hill: Michael Whitaker, President Biden\u2019s nominee to lead the Federal Aviation Administration (FAA), testified before the Senate Commerce, Science. and Transportation Committee on Wednesday. During the\u00a0hearing<\/a>, Whitaker pledged to reduce backlogs in air traffic controllers, telling Ranking Member Ted Cruz (R-TX) that he would support the implementation of a second air traffic controller academy. Whitaker has not attracted the same level of Republican opposition that led Phil Washington, President Biden\u2019s previous FAA nominee, to ultimately withdraw from consideration. Chair Maria Cantwell (D-WA) noted that the committee may advance Whitaker\u2019s nomination before it advances a five-year FAA reauthorization bill. The agency\u2019s reauthorization deadline was extended from Sept. 30 to Dec. 30 as part of the continuing resolution (CR) that passed over the weekend.<\/p>\n

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About Brownstein Hyatt Farber Schreck
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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

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General Updates   McCarthy Ousted from Speakership in Historic Move: On Tuesday, Oct. 3, the House made history by removing Kevin McCarthy (R-CA) as speaker of the House in a 216-210 vote. Although 210 Republicans voted to keep McCarthy as speaker, the eight Republicans who joined all Democrats and voted against him were successful due […]<\/p>\n","protected":false},"author":2,"featured_media":9210,"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-9208","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\/9208","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=9208"}],"version-history":[{"count":4,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/9208\/revisions"}],"predecessor-version":[{"id":9214,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/9208\/revisions\/9214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/9210"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}