Two separate reports recently have again placed nonprofits in the position as revenue raisers for local government. DC Council member Mary Cheh last week sent a letter to the entire council advocating for a PILOT (payments in lieu of taxes) from city universities.  Her letter states that by charging every city university a $100 fee… Read more »

The president’s deficit panel released its final report today and added details to its original leaked outline for how it suggests the U.S. balance the budget and enact a more stable fiscal policy.  Dubbed “The Moment of Truth”, the document adopts some policies from other private deficit commissions and adjusts some of its prior recommendations…. Read more »

Two 1099 repeal amendments were debated yesterday as part of the food safety bill, but both failed under the Senate’s 2/3rds rule for passage. The Johanns amendment (S.Amdt 4702) was a complete repeal with the offset coming from rescinding $39 billion in non-Defense Department discretionary spending, i.e. unused stimulus funds.  His amendment failed 61-35, with… Read more »