WASHINGTON, DC -- Chairman Hatch and Ranking Member Wyden are pleased to receive the reports from the Finance Committee’s five tax reform working groups. These documents provide the Committee with materials to consider as it works towards reforming our nation’s tax system. While each report is a bipartisan product of each group’s Co-Chairs, unless otherwise stated, the materials presented are not necessarily endorsed, in whole or in part, by each member of each working group. The Chairman and Ranking Member sincerely appreciate the undertakings of the working groups and their contribution to the tax reform debate.
HARTFORD, CT -- Officials received a preview of Connecticut data that will be presented at The White House Conference on Aging. Julia Evans Starr, Executive Director of Connecticut’s Legislative Commission on Aging, also explained that Connecticut, with the nation’s 7th oldest population, will see that population grow dramatically in the coming decade.
NEW YORK, NY -- Michael Hamill Remaley from Philanthropy New York describes the new rules for OMB Uniform Guidance as a “huge deal” and, in the related issue guide, "OMB Uniform Guidance on Indirect Costs, How will New York Respond?," encourages foundations to "alert their grantees about the promise of better treatment through the OMB Uniform Guidance and join with us in our efforts to ensure that city and state officials respond to the new regulations appropriately."
WASHINGTON, DC -- Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) today announced a bipartisan effort to begin soliciting ideas from interested members of the public and stakeholders on how best to overhaul the nation’s broken tax code to make it simpler, fairer, and more efficient. The goal of this effort is to provide additional input, data, and information to the Committee’s bipartisan tax working groups, which are currently analyzing existing tax law and examining policy trade-offs and available reform options within each group’s designated area.
HARTFORD, CT -- The Connecticut Council for Philanthropy's public policy update from the March 4, 2015 eBrief includes information about Foundations on the Hill and an update on the Charitable Tax Provisions.
TRENTON, NJ -- Nina Stack, President, Council of New Jersey Grantmakers, provides her positive perspective on the significance to nonprofits and private funders of the reforms in the OMB Uniform Guidance and the need for ongoing advocacy to ensure that nonprofits hired by governments to perform services are paid their full (including indirect) costs. Her call to action could not be clearer: “all of us who care about the long-term health and sustainability of our nonprofit sector need to ensure these new rules are implemented. It will be up to the State and Local government offices that are distributing federal funds to implement these guidelines so there is significant education needed to help them understand.”