House Republicans release their plan to fund the government through January 19, 2018.
Yesterday, the House Republicans released their plan to fund the Department of Defense for the rest of Fiscal Year 2018 at a level higher than what the Budget Control Act provides while keeping the rest of the government on a short-term spending plan at current funding levels that runs through January 19, 2018. The so called “CRomnibus” also contains a fix for the Children’s Health Insurance Program, but does not contain emergency funding for those states and territories impacted by hurricanes and wildfires or other measures that have been discussed as part of the end-of-the-year spending deal, such as immigration. Continue reading “Update on Government Funding”
House and Senate negotiators have reached a tentative agreement on legislation to reform the tax code.
Yesterday, House and Senate Republicans announced they had reached tentative agreement on legislation that would make sweeping changes to the U.S. tax code. While the text of the agreement has yet to be finalized, Republican leaders have indicated the agreement would make cuts to corporate and individual tax rates, adjust the cap on the mortgage interest deduction, and include a repeal of the individual mandate in the 2010 health care law. The final agreement is also expected to retain both the estate tax and the personal alternative minimum tax, though the exemption for the estate tax would be doubled. Continue reading “House and Senate Reach Deal on Tax Reform Legislation”
As we near the end of the year, I wanted to update you on several pay issues for January 2018 and 2019. Earlier this year, President Trump issued an alternative pay plan for civilian federal employees, covered by the General Schedule, to provide an average 1.9 percent raise in 2018. Under current law, the base increase should be 1.9 percent with a locality pay increase on top of that amount. Unless Congress acts to provide a different-or-no-amount in the next few weeks, the total average pay raise for January 2018 would be a 1.4 percent across-the-board base increase and an average 0.5 percent hike in locality pay rates. Once pay tables, with exact locality pay rates by area, are released by the Office of Personnel Management, I will share these with you. Continue reading “Update on Pay Issues for Calendar Years 2018 and 2019”