ASAToday for July 3rd, 2025

FY 24-25 Government Funding Update The budget reconciliation process is separate from the annual appropriations process that funds government operations. The current continuing resolution (CR) on government funding expires in 18 days, so Congress has until March 14 to pass either an appropriations package or another CR that would continue funding at FY 2024 levels….

ASA Supports the Permanency of Section 199A ASA, along with the Main Street Partnership, sent a letter to House Congressional Leadership urging them to make permanent Section 199A.  Absent action, millions of Main Street businesses organized as S corporations, partnerships, and sole proprietorships will see their taxes go up sharply next year. Taxes on these…