Economic growth
The U.S. House of Representatives has passed the historic H.R. 1, President Trump's "One Big Beautiful Bill," a signature domestic policy legislation that will deliver on President Trump's Peace Through Strength agenda and restore American deterrence. The bill will also secure historic
Legislative bills
The House has approved the final version of H.R. 1, the One Big Beautiful Bill Act, which prevents the largest tax hike in American history and delivers long-overdue relief to middle- and working-class taxpayers. The bill preserves a SALT compromise, raising the cap to $40,000 with a $500,
Legislative bills
Congresswoman Laura Gillen (NY-04) released a scathing statement after the House passed the GOP tax bill, citing devastating consequences for Long Island families. The bill, passed along party lines, guts Medicaid, and will force 17 million Americans off their health care, including 1.5 million children, seniors, and veterans across
Legislative bills
Congressman Nick LaLota (R-Suffolk County) has announced the passage of H.R. 1, a comprehensive legislative package that aims to provide significant tax relief for the middle class, boost national security, and deliver direct financial aid to Long Island families. The bill, which has been dubbed the "One Big,
Legislative bills
The American Society of Association Executives (ASAE) and its coalitions played a crucial role in shaping the tax bill passed by Congress last week, successfully advocating for policy advancements that benefit the nonprofit sector. The Community Impact Coalition, launched by ASAE in January, led advocacy efforts to preserve the current
Legislative bills
The One Big Beautiful Bill Act has been signed into law, offering significant tax relief to condominium developers through the change to the percentage of completion method. According to the new law, condominium developers will be able to use the completed contract method for reporting income from sales of to-be-built
Taxation
House Democrats, led by Representative Jimmy Gomez, have strongly opposed President Trump's Budget Reconciliation Bill, criticizing its massive giveaways to the ultra-wealthy. In a letter to Speaker Mike Johnson, the lawmakers emphasized the need for legislation that ensures billionaires and large corporations pay their fair share of taxes,
Taxation
The Nigerian government, under President Bola Ahmed Tinubu, has taken a significant step towards modernizing its tax system by signing four tax reform bills into law. The reforms aim to simplify the tax system, improve fairness, and enhance the efficiency of tax administration across the country. This is a welcome
Taxation
As the House of Representatives passed a stunning $3 trillion legislation that will add significantly to the US deficit, lawmakers demonstrated a willingness to disregard economic risks for their own interests. The passage of this compendium bill, known as the "One Big, Beautiful Bill" (OBBB), represents a significant
Taxation
As the 2025 legislative session approaches, a group of state senators is weighing the pros and cons of slashing state taxes, sparking a major policy debate at the Capitol. The Senate Fiscal Policy Study Group has been soliciting testimony from state government experts to inform their decision, amidst a growing
Taxation
The House has passed the final version of the "One, Big, Beautiful Bill," a comprehensive legislative package aimed at boosting economic growth, reducing taxes, and empowering families and rural communities. Congressman Nathaniel Moran (R-TX-01) hailed the bill's passage, stating that it would chart a bold course
Taxation
As world leaders gathered at the 4th International Conference on Financing for Development in Sevilla, Spain, a growing coalition of countries pledged to take action on taxing the super-rich and polluting companies. However, governments failed to support bold measures to address the debt crisis, which threatens the capacities of Global
