Biden Plans Tax Hike to Fund Long-Term Recovery

The Biden administration is looking to raise taxes to help rein in federal deficits and fund future pieces of the president’s domestic agenda, such as the multitrillion-dollar infrastructure and jobs package being discussed by the White House and congressional Democrats. Like earlier COVID-19 relief proposals, the $1.9 trillion stimulus bill signed into law last week… Read more »

SBA Guidance Answers 501(c)(6) Lobbying Questions

The Small Business Administration (SBA) issued guidance last Friday clarifying that Section 501(c)(6) organizations can calculate their “lobbying activities” under the same parameters as the Lobbying Disclosure Act (LDA) when determining their eligibility for a loan through the Paycheck Protection Program (PPP). Since Congress passed legislation last December to expand the PPP to include many… Read more »

Congress Passes $1.9T COVID Stimulus Package

Congress yesterday approved a sweeping $1.9 trillion COVID-19 stimulus package for the still-struggling U.S. economy, delivering President Biden his first significant legislative victory since taking office. The bill, titled the American Rescue Plan, includes another round of stimulus checks up to $1,400 for most Americans; extended, additional unemployment benefits for millions of Americans still out… Read more »

Senate Pushing Forward on COVID Stimulus Bill

The Senate could take an initial procedural vote today to move forward with President Biden’s $1.9 trillion COVID-19 stimulus bill, setting up several days of debate and a “vote-a-rama” to consider possible amendments. Senate debate was delayed this week while lawmakers awaited an official cost estimate on the latest version of the bill. Biden agreed… Read more »