President-elect Trump and Senate Majority Expected to Prioritize Tax Legislation

November 6, 2024

On behalf of our more than 21,000 members, NAIOP Government Affairs has long advocated for federal tax policy that aligns the economics of real estate development and investment, to promote capital formation and foster community development. That is why we have prioritized four provisions that must be included in the future tax law.

Department of Energy Defines “Zero-Emissions Buildings”

August 7, 2024

In June the U.S. Department of Energy (DOE) released the National Definition of a Zero Emissions Building (ZEB). This definition is the result of DOE and White House listening sessions held over the past year to obtain stakeholder concerns and feedback.

House Ways and Means Committee Majority Forms Tax Teams in Preparation for 2025 Tax Reform

June 5, 2024

Most current federal tax rates will expire at the end of 2025 and the winner of the presidential election in November will have to work with a new Congress to address a series of tax and fiscal challenges next year.

November Election Could See a Historic Switch in House and Senate Majorities

April 17, 2024

With national and swing state polls indicating support between President Joe Biden and former President Donald Trump is fairly even, casual political observers could be forgiven for not realizing that House and Senate races are also tight; there could even be a historic switch in the House and Senate majorities this November.

An Action-packed Week in Washington

March 6, 2024

The quest to approve federal funding continued during another busy week in Washington, where lawmakers took up a $435 billion funding package that includes the FDA and a number of other departments. Also this week, 16 states and American Samoa held presidential primary elections, with 854 Republican and 1,420 Democratic delegates at stake.

Congress’ Full Plate and Election-year Politics Will Make 2024 a Busy Year

January 17, 2024

In any year with divided government, it is a challenge to achieve agreements on appropriations and tax policy, but this Congress is also faced with challenges of reaching agreements on border security, along with assistance to Israel, Taiwan and Ukraine. Margins in both the House and the Senate are narrow and the presidential election year shortens the legislative timeline before congressional re-election campaigns start in earnest.

Congress Avoids Government Shutdown but Must-Pass Legislation Remains

December 6, 2023

For the first December in recent years, Congress is no longer facing a government shutdown deadline. Prior to the Thanksgiving recess, Congress approved a two-tiered appropriations package. This “laddered” approach primarily funds domestic programs (such as housing, agriculture, transportation and infrastructure) until Jan. 19, 2024, and the remaining programs, including defense and homeland security, until Feb. 2, 2024. Year-end 2023 is not without its share of must-pass legislation, however.

New House Speaker Johnson Faces Many Challenges

November 1, 2023

Following three weeks of negotiations and squabbling, House Republicans elected Louisiana Representative Mike Johnson to serve as the 56th Speaker of the House. This was a difficult time for House Republicans, who struggled to find a new speaker after eight of their members joined all House Democrats to abruptly oust McCarthy on Oct. 3.

Swirling Political Forces Could Derail Passage of Federal Continuing Resolution

September 6, 2023

There are only 11 days when both the House and the Senate are scheduled to be in session before the current federal funding authorization expires. In most years, the House and Senate leadership would simply agree to a continuing resolution (CR) that maintains existing federal policy and holds funding at current levels for a certain period to prevent a government shutdown before Oct. 1. This year, however, is not following Congress’ standard operating procedure, and is reminiscent of the years when congressional leaders were powerless to rein in the political forces that led to government shutdowns.

Debt Ceiling Debate in Washington

April 18, 2023

On Monday, House Speaker Kevin McCarthy visited Wall Street to debut the latest House Republican proposal to raise the debt ceiling. In his speech, McCarthy stated that in the coming weeks, the House would approve a one-year increase in the debt limit that will include a reduction in discretionary spending to 2022 levels, while limiting future increases to 1% annually over the next 10 years.

Author:

Eric Schmutz