Reauthorization of the 2017 Tax Cuts and Jobs Act
The House Ways and Means Committee , the committee with jurisdiction over the federal tax code , announced in April the formation of ten Ways and Means Republican Tax Teams to study the issues related to the 2017 Tax Cuts and Jobs Act ( TCJA ) in anticipation of the need to reauthorize many of those expiring tax policies in calendar year 2025 . The ten teams include the following : 1 . American Manufacturing 2 . Working Families 3 . American Workforce 4 . Main Street 5 . New Economy 6 . Rural America 7 . Community Development 8 . Supply Chains 9 . U . S . Innovation 10 . Global Competitiveness
The Ways and Means Committee is urging the public to submit written comments to the relevant Tax Teams by October 15 to help shape the committee ’ s tax bill next year . CLDA has been engaging with Members of the Ways and Means Committee to discuss efforts to put in place in the next tax bill provisions to make it easier for businesses to use independent contractors under the tax code . CLDA also plans to submit written comments to the relevant Tax Teams .
The Senate called up the House-passed tax bill , which includes an extension of the child tax credit for two years , an extension of the research and development tax credit , and an increase in the low-income tax credit . The Senate , however , failed to get the necessary votes to pass the bill . The House had passed the bill in January on a 357-70 vote . CLDA
Your Support Helps Us Stand Up for You
As always , your Government Affairs Staff will keep you informed and will continue to fight against all threats to the industry . In light of coming regulatory actions by the Department of Labor , we believe that now is a critical time for CLDA ’ s efforts in this space . We hope more of you will come forward to support our efforts , and we deeply appreciate those of you who already given so much to make a difference .
If you are interested in getting more involved by giving us some of your time , please contact us . If you are interested in supporting our efforts financially , then consider donating to the CLDA Advocacy Fund . The fund supports all CLDA ’ s advocacy and government affairs efforts entirely through donations from members .
We have some members who give a regular monthly donation , and some who prefer to give once a year or on a quarterly basis . Any amount helps our efforts . Our largest donors support the Advocacy Fund to the tune of a few thousand dollars a month , but probably the most common contribution is a recurring monthly $ 100 donation made automatically by credit card . Many of our most dedicated CLDA volunteers count themselves in this “ monthly $ 100 club ” and their donations do really help us to keep doing what we are doing every month .
If you want to give a single donation , you can do so here . Our system is set up to take one-time contributions from $ 25- $ 2000 through that portal . If you would prefer to set up a recurring monthly donation , we can set you up as a recurring credit card donor if you would like . Thanks again , and please contact us anytime with questions or to get more engaged .
Have an issue that ’ s affecting your business or a concern about legislation ? Get in touch with Mark Cossack , chair of CLDA ’ s Government Affairs Committee . Better yet why not join and become an active part of defending our industry ? The work of this committee is funded by CLDA ’ s Advocacy Fund . Your donation to this committee supports their year-round advocacy for your business success . Contribute today to keep this valuable work going .
10 customized logistics & delivery Magazine I summer 2024