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The letter is supported by 334 event industry companies from the membership of all three associations and proposes an Event Industry Hibernation Scheme. The scheme proposed would support the survival of businesses and their employees through closure of the industry, allowing it to restart once constraints are relaxed.
Members of Congress join associations, including ASAE, in pushback against proposed overtime rule. The Department of Labor (DOL) released a proposed rule last summer that would require businesses to pay overtime wages to employees making $50,440 or less per year, which would be a 113 percent increase over the current threshold.
In comments to the IRS, ASAE suggests the excise tax on high-cost health plans could be a “nightmare” for employers and may result in a reduction of employees’ benefits. Dean Heller (R-NV) and Martin Heinrich (D-NM). A House bill to repeal the “Cadillac” tax was introduced in the spring by Rep.
Several finance industry groups, including the Mortgage Bankers Association and the American Bankers Association, favor the proposal. The Housing Finance Reform and Taxpayer Protection Act —introduced on June 25 by Sens. ” The post Associations Back Senate Bill to Replace Fannie, Freddie appeared first on Associations Now.'
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