Washington Snapshot - June 24, 2016
News from the Hill
Speaker Ryan Releases Tax Blueprint
As our readers know, Speaker of the House Paul Ryan (R-WI) organized five task forces to draft substantive blueprints outlining policy options for a number of issue areas—including tax reform.
Chaired by Ways and Means Committee Chairman, Kevin…
Washington Snapshot - June 17, 2016
In response to the horrific attacks in Orlando, Council President and CEO Vikki Spruill and Board Chair Sherry Magill penned an open letter reaffirming the Council’s commitment to advancing diversity, equality, and inclusion in and beyond the philanthropic field, and to continue serving as a…
Washington Snapshot - June 10, 2016
News from the Hill
Senate Philanthropy Caucus Co-Chairs Encourage Colleagues to Join
This week, the Senate Philanthropy Caucus Co-Chairs, Richard Burr (R-NC) and Chuck Schumer (D-NY) sent a Dear Colleague Letter encouraging their fellow Senators to join the caucus. They called for colleagues to “…
Washington Snapshot - May 27, 2016
News from the Hill
This Week in Tax Reform
The discussion around tax reform is still alive and well, as demonstrated by hearings this week in both the House and the Senate.
On Tuesday, Chairman Orrin Hatch (R-UT) of the Senate Finance Committee held a second hearing on corporate tax integration:…
Washington Snapshot - May 13, 2016
News from the Hill
Corporate Tax Integration and Philanthropy: What Does it Mean?
There has been a lot of buzz recently around the topic of corporate integration—prompted primarily by Senate Finance Committee Chairman Orrin Hatch’s (R-UT) intent to release a corporate integration proposal by the…
Washington Snapshot - April 8, 2016
News from the Hill
Charity Bill Introduced in Senate
The Council is pleased to announce that this week, Senators John Thune (R-SD) and Ron Wyden (D-OR) introduced the Charities Helping Americans Regularly Throughout the Year Act (S.2750).
This bill would:
Express the sense of the Senate that…
Washington Snapshot - March 11, 2016
News from the Hill
Chairman of House Veterans' Affairs Committee to Retire from Congress
Representative Jeff Miller (R-FL-1) announced this week that he will not seek re-election at the expiration of his current term in office. First elected to the U.S. House of Representatives in 2001, Miller…
Washington Snapshot - February 12, 2016
News from the Hill
POTUS Sends FY 2017 Budget Proposal to Congress
On Tuesday, President Obama released his Fiscal Year 2017 Budget Proposal. The $4.1 trillion Budget sets forth the Administration’s spending and policy priorities for the coming year, including several provisions that have…
Washington Snapshot - October 30, 2015
News from the Hill
Ryan is Elected Speaker of the House
Yesterday afternoon, Representative Paul Ryan (R-WI-1) was elected as the next Speaker of the House. This marks the conclusion of a month-long process for the GOP to select a viable candidate for this position.
With Ryan’s ascension to the…
Washington Snapshot - October 9, 2015
News from the Hill
Who will be the Next Speaker of the House?
Yesterday, in a significant and surprising move, the leading Republican to replace John Boehner as House Speaker, Rep. Kevin McCarthy (R-CA-23), announced that he was withdrawing his candidacy for the position. This has caused…
Washington Snapshot - October 2, 2015
Breaking News: Secretary Duncan to Step Down
Just today, U.S. Department of Education Secretary Arne Duncan announced that he will be stepping down in December from the position, which he has held since the beginning of the Obama Administration in 2009.
It is expected that President Obama will…
Washington Snapshot Alert: Nonprofit Leaders Respond to Clinton's College Proposal
Yesterday, the Charitable Giving Coalition issued a press release urging Democratic presidential candidate, Hillary Clinton, to reconsider funding her college affordability plan at the expense of millions of Americans who rely on services made possible through the charitable deduction. As many of…
Washington Snapshot - June 19, 2015
Leaders in the Field Speak Out
Philanthropic Sector Unites to Challenge Skeptic
The Council and other sector leaders have been responding to a New York Times opinion piece written by David Callahan, who offers some misguided views of the charitable sector. In a response published by the New York…
Washington Snapshot - June 12, 2015
News from the Hill
Tax Reform Work Still Ongoing, McConnell Says
This week, Senate Majority Leader Mitch McConnell (R-KY) expressed his doubts that comprehensive tax reform will occur in the next two years. However, McConnell emphasized that even without comprehensive reform, Congress will still…
Washington Snapshot - April 17, 2015
News from the Hill
Yesterday, the House of Representatives passed a bill that would exempt donations to 501(c)(4)s, (5)s, and (6)s from the gift tax. As POLITICO points out, this would exempt a broad category of political organizations from the gift tax.
Current law is ambiguous on whether donors…
Washington Snapshot - April 10, 2015
The Council’s legal team advised that a donor advised fund may make a distribution to another donor advised fund, without limitation and without the need to exercise expenditure responsibility. The technical explanation for the Pension Protection Act explicitly states: “A taxable distribution does…