'Trifecta' Passed

Jul 31, 2006 by Craig Jennings

In the wee hours of Saturday morning, the House passed, by a margin of 230 to 180, a collection of tax cuts (AKA "extenders"), an estate tax cut, and a minimum wage increase from $5.15 to $7.25. Known as the "trifecta", the bill is now in the lap of the Senate as the House voted and quickly left town for its August recess. The question now is: Are the "sweeteners" in this bill going to cause enough Democrats to jump ship and vote for an estate tax gutting? From the Washington Post:

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They're Home for August... Don't Give Them a Break!

Jul 29, 2006 by Guest Blogger

Members of Congress are flocking home for the August recess. This is their prime time for checking in with you, raising money from you, and trying to keep your votes.

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It's Working: Sunset Bills Delayed (For Now)

The two sunset commission bills that were racing toward a floor vote in the House this week have both been delayed. All signs were that they would be voted on this week, but they have both been delayed until September.

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Extenders Package Contains Charitable Reforms and Incentives

Jul 28, 2006 by Guest Blogger

From Council on Foundations:

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GAO Report on Grants Streamlining

Jul 28, 2006 by Guest Blogger

http://www.gao.gov/cgi-bin/getrpt?GAO-06-566 Highlights - http://www.gao.gov/highlights/d06566high.pdf

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Comparing the Teeth on Lobby Reform Bills

Jul 28, 2006 by Guest Blogger

The Campaign Legal Center has posted a blog entry comparing the lobby reform bills passed by Congress and the recently introduced Shays-Meehan legislation. Check it out.

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They're Going to do What?

Jul 28, 2006 by Adam Hughes*

Looks like the GOP leadership in Congress is regrouping to try yet another strategy to pass an estate tax reduction. From CQ (sub. required). House GOP leaders have come up with a new strategy to push a permanent estate tax reduction through Congress by tying it to a minimum wage increase and extension of expiring tax breaks.

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GAO Report on CFC and Charities Payroll Taxes

Jul 28, 2006 by Guest Blogger

Tax Debt: Some Combined Federal Campaign Charities Owe Payroll and Other Federal Taxes. GAO-06-887, July 28 Highlights - http://www.gao.gov/highlights/d06887high.pdf

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Donations Slow to Middle East

Jul 28, 2006 by Guest Blogger

From the Chronicle of Philathropy: While some nonprofit organizations have received strong financial support from Jewish donors and other people with personal ties to the region, many aid groups say they have yet to see much of a response, in part because the political dimensions of the crisis have overshadowed the humanitarian needs.

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Does Tax Talk Today Meet Your Needs?

Jul 28, 2006 by Guest Blogger

The IRS is conducting a survey to see whether programs on Tax Talk Today are helpful. Be sure to let them know if you think their programs are helpful to nonprofits or would like more information on a certain topic.

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