How’s Marshall?
July 26, 2021 | Categories:
ARSA News & Updates
On July 8, ARSA Managing Director & General Counsel Marshall S. Filler underwent successful heart surgery. He is recovering at home and is on track to continue his passion as…Read More
The Lame Duck Home Stretch: Funding Federal Government, Extenders Top Agenda
December 01, 2014
The roller coaster ride on Capitol Hill continued during Thanksgiving week, as House Ways and Means Committee Chairman Dave Camp (R-Mich.) and Senate Majority Leader Harry Reid (D-Nev.) announced a deal on tax extenders package. However, it was quickly derailed by an Obama administration veto threat.
The compromise proposal would permanently increase Sec. 179 expensing levels starting in 2014 and reinstate 50 percent bonus depreciation for equipment purchases for 2014 and 2015, along with extending numerous business-supported expired tax provisions. Just as Washington’s tax policy analysts were digesting the welcome news, President Obama and key Democrats announced opposition to the compromise, citing the business-friendly nature of the package and the lack of attention to “working families.”
Republicans, with a strengthened majority in Congress next year including Senate control, are less willing to compromise and more likely to delay tax extenders consideration until early next year. Nonetheless, there is support for retroactively reinstating all expired tax extenders for 2014 during the lame duck to avoid complicating the year’s tax filings. The House is poised to vote on such a proposal in the coming days.
Meanwhile, a continuing resolution (CR) to fund the federal government into next year was also in flux. Lawmakers were making steady progress on a plan to keep the federal government open until next fall– until President Obama’s announced his immigration executive order. Republicans are apoplectic about what they see as a presidential power grab and many want to use the CR to clip the administration’s wings.
More from ARSA
Anti-Viral Measures
July 27, 2021 | Categories:
Advocacy, ARSA Works, Aviation Policy, EASA, FAA, Featured Post, Legislative, Maintenance, Operations, Regulatory, Training
For the use of its members and the larger aviation community, ARSA is maintaining this page as a resource for virus-related updates on policy initiatives and business needs. Please bookmark…Read More
DOT Reopens Jobs Program Applications
July 27, 2021 | Categories:
Act Now, Advocacy, ARSA News & Updates, ARSA Works, Legislative, Press Releases, Regulatory
To keep tabs on all of ARSA’s work related to the current pandemic, visit arsa.org/anti-viral-measures.
On July 26, the U.S. Department of Transportation announced it will re-open applications for the…Read More
FAA to Restart Global Leadership Meeting
On July 20, the FAA announced plans to host its 8th Annual Global Leadership Meeting in Washington, D.C. on Sept. 22-23. The event will have both in-person and online attendance…Read MoreLawmakers Explore Aviation Workforce Diversity
July 21, 2021 | Categories:
ARSA News & Updates, FAA
The House Aviation Subcommittee held a hearing July 20 to discuss enhancing diversity in the aviation workforce.
The witnesses were (click a name to download their written testimony):
Rebecca Lutte,…Read More
