
Reconciliation Outlook
September 16, 2021 6:08 pmAs 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.
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.
Included in the reconciliation is a provision that would mandate universal paid family and medical leave for all employees.
Another piece of the reconciliation that would impact small business is inclusion of NSBA-opposed PRO Act language.
Since returning from summer recess, Congressional leaders and the Trump Administration have been focused on tax reform with the so-called "Big Six" aiming to share an outline of their plan with tax-writers by the end of this month.
The failure of Congress to move forward on health care legislation makes broad tax reform more difficult, but not impossible, according to GOP leadership.
Both the Senate and House have approved a budget resolution that would set up a special parliamentary process intended to fast-track subsequent legislation repealing major components of the Affordable Care Act.
Last week,the Senate passed 52-47 a budget reconciliation bill that includes repeal of two ACA excise taxes and eliminates the health insurance coverage mandates for individuals and employers.
Last week, the House passed their reconciliation measure (H.R. 3762) by a vote of 240-189 that would scrap parts of the Affordable Care Act and block federal funding for Planned Parenthood for one year.
Late last week, the Treasury Department moved up the deadline for raising the government's borrowing authority from Nov. 5 to Nov. 3, putting additional pressure on House Speaker John Boehner (R-Ohio) to raise the debt limit before he resigns.
On Sept. 28, the House Ways and Means Committee released a reconciliation bill that targets major pieces of the Patient...