WHAT TO WATCH THIS WEEK
Administration Proposal. President Joe Biden will travel to Pittsburgh, Pennsylvania, on March 31, where he will unveil the contours of the infrastructure package.
Biden Preliminary Budget Outline. This week, the Biden administration will release a preview of its Fiscal Year 2022 budget. The figures will allow lawmakers to begin the appropriations process and give Congress information about the president’s discretionary funding priorities. The final budget request is currently expected in May.
Congress Continues Work. Although both chambers will be out of session for the next two weeks on a district work period, lawmakers will continue discussions on the contents of the infrastructure package.
Higher fines, more uncertainty with CFPB s switch-up on abusive standard
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Higher fines, more uncertainty with CFPB s switch-up on abusive standard
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The DOL has established a dedicated webpage for the ARPA COBRA Premium Subsidy, which can be found
here. The webpage has two sections one for workers and their families and one for employers and their advisers. Much of the information in the two sections is duplicative (for example, both sections contain links to the model notices and the FAQs).
Most importantly, the webpage includes FAQs and model notices:
FAQs are available
Model Notices include the following:
We know many of you are eager to begin communicating with your workforces about the ARPA COBRA subsidy. However, we encourage you to take the time to initially and carefully review all of the FAQs and the notices so you understand their contents and what questions may remain unanswered (for example, this DOL guidance does not address the issues related to actually taking the credit as that guidance will be issued by the IRS and the Treasury Department). We will be conducting our own review and will be incorporating
To embed, copy and paste the code into your website or blog:
On April 5, Senate Finance Committee Chair Ron Wyden (D-OR), as well as Sens. Sherrod Brown (D-OH) and Mark Warner (D-VA), offered an international tax framework as a starting point to discussions on revamping the current system put in place by the 2017 Tax Cuts and Jobs Act.
Are Wyden and Biden Colliding? While the framework includes some proposals similar to what was outlined by the Biden administration’s American Jobs Plan, there are key differences as well. Additionally, it does not address other proposals that were included in Biden’s plan like the corporate tax rate. In fact, the Wyden-Brown-Warner international tax framework marks a third area where the Finance Committee chairman offers a significantly different approach than President Biden. First, Wyden’s tech-neutral energy tax credits took a different approach than the Biden-House Democrats’ GREEN Act. Second, Wyden’s Mark-to-Market individual tax pr