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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.
ASAE submitted comments to the Internal Revenue Service last week on the upcoming “Cadillac” tax, a 40 percent, nondeductible excise tax on high-cost health plans that goes into effect in 2018. Dean Heller (R-NV) and Martin Heinrich (D-NM). Joe Courtney (D-CT) but has yet to see a floor vote.
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