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Tax Tidbit
Biden to Release 2024 Budget Proposal Later this Week. On March 9, President Joe Biden will send his updated budget proposal to Congress, outlining the administration’s policy priorities for fiscal year 2024. Biden is expected to officially unveil the document on Thursday at a public event in a Philadelphia union hall. While most of the president’s legislative objectives are unlikely to receive sufficient support to pass in a divided Congress, these proposals will establish the policy framework for Biden’s expected upcoming presidential campaign... (continue reading)
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Legislative Lowdown
Senate Finance Committee Greenlights Werfel Nomination. On March 2, the Senate Finance Committee favorably reported the nomination of Danny Werfel to be the next commissioner of the IRS. Sens. Chuck Grassley (R-IA), Bill Cassidy (R-LA) and Todd Young (R-IN) voted with all 14 Democrats in favor of the nomination. In addition, Sen. Thom Tillis (R-NC) had previously said he would support the nomination, but he was ultimately unable to attend the executive session to cast his vote. Following this action, the Senate will soon... (continue reading)
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1111 Constitution Avenue
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Smith and Schweikert Continue Investigations into IRS Leaks. On March 2, House Ways and Means Committee Chairman Jason Smith (R-MO) and Oversight Subcommittee Chairman David Schweikert (R-AZ) sent a letter to acting IRS Commissioner Douglas O’Donnell regarding possible taxpayer data security inadequacies. The letter specifically referenced the accidental... (continue reading)
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Our thanks to Brownstein Hyatt Farber Schreck, LLP.
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About Brownstein Hyatt Farber Schreck, LLP
Brownstein Hyatt Farber Schreck is a unique law firm. Walk into any of our offices and you’ll immediately recognize a different type of energy. Complacency doesn’t have a place here. Flexibility and inspiration do. Our culture and enthusiasm allow our attorneys, policy consultants and legal staff to stay ahead of our clients’ needs and provide them with the resources they require to meet their business objectives.
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Please stay safe and healthy,
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pmsoldano@family-enterpriseusa.com
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Sign-Up For New Podcast: "Voice of Family Business on Capitol Hill" with host Pat Soldano.
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Join our growing family of podcast listeners by clicking on the links below to our new podcast, "The Voice of Family Business on Capitol," where each episode delves into the major issues facing family businesses and family business centers today. Subscribe by clicking on these links, or wherever you get your podcasts.
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We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…
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As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.
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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That’s why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill.
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About Family Enterprise USA
Family Enterprise USA advocates for American Family business. We help family businesses communicate their challenges and contributions to American economic freedom to Legislators. We represent all American family businesses; not just specific industries and provide research to enhance the opportunity for success. We help family businesses continue to establish their unique business legacy. Family Enterprise USA is a 501(c)(3) non-profit organization.. Family foundations can donate.
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Have questions or would like more information about becoming a Member or donating? Please contact John Gugliada at jgugliada@family-enterpriseusa.com.
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