Last week, House of Representatives Ways and Means Committee Chairman Jason Smith (R-MO) kicked off what is expected to be months-long congressional negotiations over tax legislation.
President Joe Biden submitted his proposed fiscal year 2024 federal budget to Congress on March 9. It contains numerous tax increases that repeatedly failed to clear the House of Representatives and Senate even when these chambers were controlled by Democrats. But the president’s budget submission makes sense if you acknowledge that its primary purpose is as a political messaging document, meant to provide a contrast between his administration and Republicans in advance of the 2024 presidential election.
In less than two weeks, NAIOP members and chapter local executives will be headed to Capitol Hill to meet with their elected representatives, senators and congressional staff. In so doing, they will be taking the opportunity to establish relationships with newly elected members of Congress; renew and deepen existing ties with incumbents; and talk to their elected officials about issues important to the commercial real estate industry.
The spectacle put on by the new Republican majority in the House of Representatives in trying to choose a speaker this week clearly shows that nothing will be a sure thing in this Congress. Of course, we will continue advocating for the interests of the commercial real estate industry no matter what the political terrain may be in Congress.
The 2022 midterm congressional elections certainly did not turn out as many had expected. With President Joe Biden’s approval ratings stuck in mid-40 percentile range, inflation being the top issue for the largest number of voters, and with the president’s party historically losing seats, the conventional wisdom was the Republicans would ride a red wave […]
Members of Congress, both the House and Senate, finally got the chance to do what they have been desperate to do for weeks: get out of Washington, D.C., and campaign full time for re-election. With the only must-pass legislation in September being a continuing resolution (CR) to keep the government running past Sept. 30, most […]
The Senate is back in session this week, and the House of Representatives returns from its summer recess next week. But with the exception of a continuing budget resolution that needs to be passed by both chambers before an Oct. 1 deadline to prevent a government shutdown, the primary focus of both parties will be […]
redux: Latin, (from the verb reducere, meaning “to lead back”) can mean “brought back” or “bringing back.” A few weeks ago, Democratic hopes for a big bill that would enact President Joe Biden’s climate change agenda, among other things, seemed all but dead. West Virginia Senator Joe Manchin (D-WV) had publicly announced that recent inflation figures would […]
In short order, President Joe Biden’s climate agenda has suffered serious blows on both the legislative front and in the judicial sphere. On Thursday of last week, Senator Joe Manchin (D-WV), who had been negotiating with Senate Majority Leader Chuck Schumer (D-NY) on a budget reconciliation bill that would, among other things, include a number […]
For many, the Memorial Day weekend is the unofficial start of summer. For those elected officials in the U.S. House of Representatives and Senate, the return to the nation’s capital from the Memorial Day congressional recess is the bell signaling the final lap in the race to pass legislation before the politics of a midterm […]
