Author Archives for Chana Elgin

Inflation Reduction Act Signed into Law

August 17, 2022 1:30 pm Published by Comments Off on Inflation Reduction Act Signed into Law

This week, President Biden signed the Inflation Reduction Act into law which includes a stock repurchase excise tax, increased funding for IRS enforcement, climate provisions and prescription drug price policies among other items.


Lawmakers Reject NIIT Tax

August 16, 2022 12:20 pm Published by Comments Off on Lawmakers Reject NIIT Tax

The budget reconciliation bill signed this week by President Biden ultimately rejected a proposal to expand the net investment income tax (NIIT) as a pay-for in the bill, a win for small business


House Passes Inflation Reduction Act

August 12, 2022 11:04 pm Published by Comments Off on House Passes Inflation Reduction Act

The combined deficit reduction savings of the initial legislation would total roughly $295 billion over 10 years.


Senate Rejects NIIT Proposal

August 10, 2022 6:20 pm Published by Comments Off on Senate Rejects NIIT Proposal

The Senate rejected efforts to expand the net investment income tax (NIIT) from the Senate version of the reconciliation package - a major win for small businesses.


Senate Passes Inflation Reduction Act

August 8, 2022 4:35 pm Published by Comments Off on Senate Passes Inflation Reduction Act

On Aug. 7, the Senate voted 51 to 50 along party lines to pass the budget reconciliation bill, clearing the way for the House to return from its August recess on Friday, Aug. 12 to consider the bill.


President Biden Signs CHIPS-Plus Package into Law

August 3, 2022 1:39 pm Published by Comments Off on President Biden Signs CHIPS-Plus Package into Law

On Tuesday, Aug. 2, President Biden signed into law the $280 billion CHIPS-Plus Act, legislation intended to significantly boost domestic semiconductor production, plus authorize scientific research for the next ten years.


CHIPS-Plus Package Passed by Congress

July 29, 2022 12:43 pm Published by Comments Off on CHIPS-Plus Package Passed by Congress

The centerpiece of small business opportunities in the bill is more than $50 billion in subsidies for domestic semiconductor manufacturing and research.


CHIPS-Plus Passes Senate

July 27, 2022 7:32 pm Published by Comments Off on CHIPS-Plus Passes Senate

On July 27, the Senate passed the $280 billion CHIPS-Plus package, absent reauthorizing language for SBIR/STTR, sending it to the House for final action as soon as this week.