Author Archives: Carolyn Smith

Carolyn Smith
Carolyn brings to her practice a unique blend of technical and policy experience, having served for over 20 years as counsel to the members and staff of the House Ways and Means and Senate Finance Committees.  Read More

ADVISORY: The American Health Care Act Moves Forward: What Employers need to Know About the House-Passed Bill

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The American Health Care Act may not be law yet, but the House-passed version gives us an idea of what to expect. Our Employee Benefits & Executive Compensation Group provides an outline of the current bill and the changes it would bring to the Affordable Care Act. Employer reporting requirements Taxes What’s next Read the full advisory here. [...]Read more

Déjà Vu All Over Again – The Recurring Saga of Expiring Tax Provisions

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If you go by what Yogi Berra says, tax policy and baseball have a lot in common.  Just as we head toward the end of the regular season of baseball and hope we make it to play-offs, Congress is doing the same.  Having returned from the August recess, they are looking ahead at what they need to do to finish strong.  As for déjà vu, the atmosphere surrounding expired tax provisions is markedly similar to what it was last year around this time.  Will the result be different this year?  Maybe.  Let’s take a look at the issues and what’s happened so far. Discussions of tax reform have [...]Read more

Tax Policy Update – Nov. 1 – What to Expect From the Lame Duck Session

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What does Congress NEED to get done in a lame duck session?  The continuing resolution (CR) Congress passed just before leaving for the campaign trail funds the federal government just through December 11, so Congress will need to extend funding.  That’s clearly a driving force in the lame duck. There are also tax provisions that many would like to see addressed – the CR extended the Internet Tax Freedom Act  just through December 11, and there are a whole host of business and individual tax provisions (including the very popular R&D credit) that expired at the end of 2013 or will expire [...]Read more