July 25, 2019

Drug Price Bill Introduced

The Senate Finance Committee has finally unveiled its long-awaited legislation on drug prices, and the bill includes a slew of changes across Medicare and Medicaid. Senate Finance Committee Chairman Chuck Grassley (R-Iowa) and Ranking Member Ron Wyden (D-Ore.) recently introduced a chairman’s mark, the Prescription Drug Pricing Reduction Act (PDPRA) of 2019, the latest attempt to reduce prescription drug...

July 25, 2019

House OKs Minimum Wage Hike

House Democrats are considering changes to minimum wage increase bill--including a more gradual phase-in--with the goal of garnering additional support from moderates.

July 24, 2019

S Corp Bill Introduced in the Senate

Sens. John Thune (R-S.D.) and Ben Cardin (D-Md.) recently reintroduced the S Corporation Modernization Act which would make several pro-growth reforms for S corps. 

July 24, 2019

NSBA Testifies on Tax Complexity

On Wednesday, July 24, NSBA’s past-chair Grafton “Cap” Willey of Rhode Island testified before the House Committee on Small Business on how the Tax Cuts and Jobs Act is impacting America’s small businesses.   An expert with 47 years of dealing with small business taxation issues, Willey indicated the new tax law, while it did...

July 17, 2019

House to Vote on Cadillac Tax Repeal

The House is scheduled to vote Wednesday on legislation to repeal the Affordable Care Act’s (ACAs) excise tax on high-cost health plans, a priority for congressional Democrats. Introduced by Rep. Joe Courtney (D-Conn.), the repeal bill—the Middle Class Health Benefits Tax Repeal Act of 2019 (H.R. 748) — has bipartisan support in both the House and Senate. The ACA imposed a...

July 17, 2019

House OKs Small Biz Cyber Bills

On Monday, July 15, the U.S. House of Representatives voted to approve two bills aimed at improving cybersecurity protections for America’s small businesses.