What We're Tracking in DC
Tax Teams Public Comment Deadline Coming Up
We shared in an earlier Snapshot that the House Ways and Means Committee Majority had established Tax Teams. As part of this work, the Committee Majority is accepting comments and input from the public on ideas and solutions they should consider as Congress looks to take up a tax package next year. Committee Republicans have set up a portal with instructions for submitting public comments, which will be accepted until October 15, 2024. Is there anything you want us to highlight in our comments? Do you plan to submit comments of your own? Let us know at govt@cof.org.
Ways and Means Chair Sends Letters to IRS Commissioner
Earlier this week, House Ways and Means Committee Chairman Jason Smith (R-MO) sent a series of letters to IRS Commissioner Danny Werfel calling for the revocation of tax-exempt status of several nonprofit organizations. The Chairman’s letters claim that these organizations have violated their tax-exempt purposes. This comes after over a year of attention to the tax-exempt sector from the Ways and Means Committee, including additional letters and investigations.
The Council monitors all congressional activity related to the tax-exempt sector, and we will continue to update you in Snapshot and our other communications.
Elsewhere on the Hill:
- Congress passed a short-term continuing resolution to keep the government funded at current levels until December 20, avoiding a government shutdown and postponing the spending battle until after the election.
- The Senate Budget Committee held a hearing on housing unaffordability. One of the witnesses was Jack Salmon, Director of Policy Research at Philanthropy Roundtable. While the bulk of the hearing revolved around the housing market, Mr. Salmon did discuss philanthropy’s role alleviating homelessness and affordable housing crises.
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