AMT - The S Corporation Association

Political Landscape of 2nd Session of the 109th Congress

The second session of the 109th Congress has begun! The Senate was in session for a portion of January to consider President Bush’s nomination of Samuel Alito to the Supreme Court with the final vote to confirm him occurring on January 31st. Both the House and the Senate returned in earnest to legislative business that day which was also the day of the President’s State of the Union address. This week the President unveils his FY 2007 budget proposal which is likely to include new initiatives for energy independence and healthcare affordability.
First and foremost on the minds of House Republicans …

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Tax Relief Delayed - Pressure for Offsets Grows

Congress returns to legislative business this week following a week long Columbus Day recess. With numerous outstanding issues for Congress to consider before adjourning for the year (possibly by Thanksgiving, but December remains a distinct possibility), the small and family owned business community must continue to be vigilant for any misguided efforts to raise payroll taxes on S Corps and other small businesses.

The first priority of the tax writing committees continues to be legislation to encourage the physical restoration of the areas hit by Hurricane Katrina. Both the Senate Finance Committee and the House Ways and Means Committee are expected …

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Political Landscape of 2nd Session of the 109th Congress

Tax Relief Delayed - Pressure for Offsets Grows

Tax Relief Delayed - Pressure for Offsets Grows