In This Week's Edition of Snapshot… Ways and Means holds tax reform hearing, tension builds around border adjustment idea New research estimates sharp decrease in giving under proposed tax code changes Trump administration releases FY 2018 budget In the States: New York nonprofit contractors…

In This Week's Edition of Snapshot… Tax Reform Update: Ways and Means Committee holds hearings, Senate gears up for tax reform Assistant Secretary for Tax Policy named Hearing on IRS reform scheduled for tomorrow In the States: state budgets passing but on shaky footing; Mainers seek block…

In this Week’s Edition of Snapshot… Tax Reform Update: Mnuchin confirmed as Treasury Secretary, Bishop named to Ways & Means, Trump Administration working on a tax overhaul plan, Congress aims to keep the train on track IRS seeks to understand how the regulatory ban will impact its work…

In this Week’s Edition of Snapshot… Tax Reform Update: Council staff meets with Chairman Brady, there is a new member of Ways and Means, and tax bills are not in short supply The Council sends a letter to Congress about the “Johnson Amendment” A number of the President’s Cabinet Nominees have…

In this Week's Edition of Snapshot... Ways & Means to hold hearing on changes to committee rules Senate sets deadline to repeal ACA, move closer to tax reform Treasury requests input on guidance for tax-exempt leases How Philanthropic is the Trump Cabinet? In the States: State…

News from the Hill Ways & Means Republicans to Discuss Tax Reform Details Chairman of the Ways and Means Committee Kevin Brady (R-TX) announced that he will hold a two-day meeting next week (likely December 14 – 15) with committee Republicans to discuss some specific “decision points on tax…

News from the Hill Here Comes Tax Reform! With the stars, and both house of Congress, now aligned, comprehensive tax reform is on the horizon. Last week Ways and Means Chairman, Kevin Brady (R-TX), penned an op-ed about how he hopes to give a boost to the economy by reforming the tax code, with…

Philanthropy News and Op-Eds The Council Speaks Out on the Value of DAFs On Thursday, October 27, the Chronicle of Philanthropy released this year’s Philanthropy 400. Of particular note is the fact that Fidelity Charitable Gift Fund moved into the number one spot on the list. Accompanying the list…

News from the Hill Update on Republican Blueprint for Tax Reform In June 2016, House Republicans unveiled a blueprint for tax reform. This week, they released a new video to promote and explain the plan. Barbara Angus, chief tax counsel for the majority on the House Ways and Means Committee,…

News from the Hill Ways & Means Subcommittee Holds Hearing on University Endowments As our readers will recall, we reported last week that the Ways and Means Oversight Subcommittee was set to hold a hearing to scrutinize college and university endowments this week. The hearing, featuring…

News from the Hill This Week in Tax Reform The discussion around tax reform is still alive and well, as demonstrated by hearings this week in both the House and the Senate. On Tuesday, Chairman Orrin Hatch (R-UT) of the Senate Finance Committee held a second hearing on corporate tax integration:…

Executive & Regulatory News Department of Labor Publishes New Rule on Overtime Regulations On Wednesday, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations. The Council has been closely tracking this issue…

News from the Hill Corporate Tax Integration and Philanthropy: What Does it Mean? There has been a lot of buzz recently around the topic of corporate integration—prompted primarily by Senate Finance Committee Chairman Orrin Hatch’s (R-UT) intent to release a corporate integration proposal by the…

Since Congress is out of session this week, today’s edition of Washington Snapshot will be slightly abbreviated. Congress will return next week! News from the Hill Ways and Means Making Progress on Tax Reform Plan Ways and Means Chairman Kevin Brady (R-TX) recently indicated that a tax reform…

News from the Hill Chairman Hatch Continues Discussions on Corporate Integration As our readers know, Senate Finance Committee Chairman, Orrin Hatch (R-UT) has been talking for some time about releasing a proposal for corporate integration tax reform. Though the specifics of Hatch’s forthcoming…

Executive & Regulatory News New PRI Regulations Released by Treasury As our readers well know, last summer the Treasury Department announced their intention to finalize new regulations for program-related investments (PRIs). This week, it published nine new examples of permissible PRIs.…