ASAToday for January, 22nd 2025

Section 199A Update Section 199A has ensured that small businesses received similar benefits to large, multinational companies that saw the corporate tax rate reduced, permanently, in 2017. This deduction has strengthened American…

Ernst Provides Small Businesses Opportunity to Compete in Federal Marketplace Releases new survey to identify hurdles for small businesses.   WASHINGTON – Today, U.S. Senate Committee on Small Business and Entrepreneurship Chair…

This Week in Congress Averting a government shutdown on Friday night was high on Congress’s agenda this week. The House voted on a Congressional Review Act resolution (H.J. Res. 25) to overturn…

Federal Government Funding Expires This Friday President Trump announced his preference for a “clean” continuing resolution (“CR”) through the end of FY 2025. Speaker Johnson (R-LA) released the text on Saturday. The…

Budget Reconciliation Update Senate leaders announced they will start working on budget resolution differences with the House in late March. House Ways and Means Committee Republicans plan two long drafting sessions this…

Congress Considering Recission Some members of Congress are concerned about the political implications and Separation of Powers issues related to the administration’s decision to withhold certain appropriated funds. Senate Budget Chairman Graham…

New House Party Ratio Sadly, Rep. Sylvester Turner (D-TX) died last week. Party ratios in the House are now 218 Republicans to 214 Democrats. The Texas governor will call a special election…

Tariffs on Canadian and Mexican Imports Rolled Back Until April 2nd Certain tariffs on Canada and Mexico are being suspended until April 2nd. This suspension applies to articles entering under USMCA (US/Mexico/Canada…