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If you have any questions or concerns, please use the contact information provided in this email as this inbox is not monitored for replies.
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House Sends Biden Impeachment Effort to Committees: Yesterday, the House voted 219-208 to refer articles of impeachment against President Biden to the Judiciary and Homeland Security committees. Sending the measure to committees helped avoid political tensions between conservative Republicans and Republicans representing more moderate districts. Earlier this week, Rep. Lauren Boebert (R-CO) introduced a privileged resolution to bring her impeachment measure to the House floor despite Speaker Kevin McCarthy’s (R-CA) opposition. Rep. Boebert’s measure argues that President Biden’s actions on immigration and the southern border warrant impeachment.
One-Year Anniversary of Dobbs Decision to Overturn Roe v. Wade: June 24 marks one year since the Supreme Court’s Dobbs v. Jackson Women’s Health Organization ruling overturned the right to an abortion set 50 years previously by Roe v. Wade. In the year since Dobbs, 15 states made abortion illegal with few exceptions while abortion remains legal in 26 states and Washington, D.C. Abortion also was on the November 2022 ballot in six states—measures to establish state rights to abortion were approved in California, Michigan and Vermont while measures to restrict abortion were rejected by voters in Kansas, Kentucky and Montana. Abortion bans in Indiana, Ohio, South Carolina and Wyoming have not taken effect while state supreme courts review them. ... (Would you like to know more?)
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House Passes CHOICE Arrangement Act: The House passed the Custom Health Option and Individual Care Expense (CHOICE) Arrangement Act (H.R. 3799) 220-209 on Wednesday, June 21. The bill codifies a 2019 Trump administration rule allowing employers to provide funds for... (Want to learn more?)
More Lawsuits Against IRA Drug Price Negotiation: On Wednesday, June 21, the Pharmaceutical Research and Manufacturers of America (PhRMA) filed a lawsuit challenging the Inflation Reduction Act’s (IRA) drug price negotiation program, echoing several other high-profile lawsuits against the law. PhRMA, along with the National Infusion Center Association (NICA) and the Global Colon Cancer Association (GCCA), argues that the Medicare... (Would you like further details?)
Preventive Service Task Force Recommends Anxiety Screening for Adults: On Tuesday, June 20, the U.S. Preventive Services Task Force (USPSTF) announced its recommendation that all adults 19–64 years old be screened for anxiety. USPSTF stated that anxiety disorders are common but often go unrecognized... (Are you interested in learning more?)
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House Tax-Writing Committee Advances GOP Economic Bills: The House Ways and Means Committee approved a trio of Republican tax bills along party lines during a markup last week. The economic-growth package, which is comprised of the Tax Cuts for Working Families Act (H.R. 3936), the Small Business Jobs Act (H.R. 3937) and the Build It in America Act (H.R. 3938), incorporates several tax proposals that were previously offered by Republican committee members as standalone bills earlier this year. For Brownstein’s full summary of the tax package, click here.
Democratic lawmakers offered several amendments to the bills throughout the markup, but none were adopted due to unanimous rejection from the Republican majority. Several Democrats targeted the proposed repeal of several green-energy tax credits; Reps. Dan Kildee (D-MI) and Earl Blumenauer (D-OR) offered amendments to maintain the current clean-vehicle and ... (Would you like additional information?)
Senate Democrats Increase Efforts to Expand CTC: Last week, the Senate Finance Committee held a hearing to discuss potential tax reform to assist children and families. The hearing came alongside the reintroduction of the Working Families Tax Relief Act (S.1992) by Sen. Sherrod Brown (D-OH). The bill would increase the child tax credit (CTC) to $3,000 per child for taxpayers with children less than 17 years old, and it would increase the credit by an additional $600... (Do you want to delve deeper into this topic?)
Senate Expected to (Finally) Ratify Chile Tax Treaty in Coming Weeks: Senate Majority Leader Chuck Schumer (D-NY) filed cloture on a tax treaty between the United States and Chile last week, setting the stage for a possible Senate vote as early as today. The Senate Foreign Relations Committee voted 20-1 on June 1 to approve the measure to ratify the treaty. Since 2010... (Would you like to know more?)
Bernstein Confirmed as White House’s Top Economic Adviser: The Senate confirmed Jared Bernstein to become chairman of the White House Council of Economic Advisers (CEA) by a 50-49 vote last week. Senate Energy and Natural Resources Committee Chairman Joe Manchin (D-WV) sided with every voting Republican in opposition to the nomination, citing Bernstein’s perceived “willingness to disregard the need for all-of-the-above energy policies.” Throughout the nomination process, Senate Republicans attempted to characterize Bernstein as inexperienced and frequently noted his previous support for proposals to raise the estate, gift and generation-skipping transfer taxes as evidence for his partisan biases. Bernstein was formerly a member of the CEA and, before that, served on then Vice President Joe Biden’s... (Want to learn more?)
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Our thanks to Brownstein Hyatt Farber Schreck, LLP.
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About Brownstein Hyatt Farber Schreck, LLP
Brownstein Hyatt Farber Schreck is a unique law firm. Walk into any of our offices and you’ll immediately recognize a different type of energy. Complacency doesn’t have a place here. Flexibility and inspiration do. Our culture and enthusiasm allow our attorneys, policy consultants and legal staff to stay ahead of our clients’ needs and provide them with the resources they require to meet their business objectives.
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Upcoming Events
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June 29: Pacific FBC , U of Northern Iowa, Virtual
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July 11: University of Toledo, Virtual
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July 21: Breakfast event, University of Cincinnati
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July 26: HR and related topics webcast, Mack International, Virtual
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August 9: FEUSA/PATG luncheon event, Denver, CO
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August 10: Family Office Presentation, Chattanooga, TN
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Sign-Up For New Podcast: "Voice of Family Business on Capitol Hill" with host Pat Soldano.
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Join our growing family of podcast listeners by clicking on the links below to our new podcast, "The Voice of Family Business on Capitol," where each episode delves into the major issues facing family businesses and family business centers today. Subscribe by clicking on these links, or wherever you get your podcasts.
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We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…
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As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a supporter.
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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill.
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About Policy and Taxation Group
Policy and Taxation Group is your voice in Washington on economic freedom. We advocate for policies that allow American families to fully enjoy the economic liberties and benefits of a robust free market unique to our nation. For over 25 years, we have been the loudest voice in the nation’s capital on eliminating the death tax. This ill-conceived tax has a destructive impact on families, family businesses, job creation, and the national economy.
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Have questions or would like more information about becoming a Supporter or donating? Please contact John Marino at [email protected].
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