Tax & Budget Archives - Page 2 of 43 - National Small Business Association : National Small Business Association

Reconciliation Update

September 22, 2021

The House Budget Committee has announced it will not mark up the Democrats’ reconciliation package in time for it to move in conjunction with the Sept. 27 vote on the bipartisan infrastructure bill.

Reconciliation Outlook

September 16, 2021

As lawmakers move forward on budget proposals under the reconciliation bill, NSBA has put together a comprehensive overview of what's most likely to impact small business.

Reconciliation: Tax Pay-Fors

September 16, 2021

To pay for the reconciliation bill, lawmakers have endorsed tax increase proposals of $2 trillion over 10 years.

House Approves Rule to Advance Budget Process

August 25, 2021

On Aug. 24, the House voted 220-212 along party lines to approve a $3.5 trillion budget framework, after several days of negotiating between Democratic leadership and a group of 10 centrists who had planned to vote against the budget unless the infrastructure vote came first. Speaker Nancy Pelosi (D-Calif.) reached the deal with Rep. Josh Gottheimer (D-N.J.) and the other moderates in the hours before the vote, clearing the way for the spending package.

Senate Democrats Approve $3.5 Trillion Budget Blueprint

August 10, 2021

Following the vote on the bipartisan infrastructure package, the Senate voted on the motion to proceed to begin debate on the budget. Typically that vote triggers up to 50 hours of debate, evenly divided between the majority and minority to control. But with the session already stretching farther than senators anticipated, the vote is likely to move rather quickly.

Fall Congressional Outlook

August 4, 2021

Assuming the infrastructure bill passes prior to the August Congressional recess, lawmakers won't fully return until Sept. 20 with a very long list of items to address this fall.

Senate Votes on Infrastructure Bill

July 29, 2021

The Senate voted yesterday to move forward on the bipartisan infrastructure package with support from 17 Republicans and all 50 Democrats, and changes in the pay-fors.

Infrastructure Debate Continues

July 21, 2021

An infrastructure deal is front-and-center in the Senate this week as Senate Majority Leader Chuck Schumer (D-N.Y.) scheduled a procedural vote for later today.

Wyden Proposes Changes to Pass-Through Deduction

July 21, 2021

On Tuesday, Sen. Ron Wyden (D-Ore.) introduced a bill to change the 20 percent deduction for pass-through entities under the 2017 Tax Cuts and Jobs Act.

Tax Gap as Pay-For: What it Means

July 14, 2021

The latest infrastructure proposal includes a $100 billion pay-for by closing the tax gap through increased IRS enforcement, which could be a problem for small businesses.