60 PLUS ASSOCIATION

TAX · Taxation/Internal Revenue Code

Signed a coalition letter opposing any efforts to raise the corporate tax rate above the 21% level set in the 2017 Tax Cuts and Jobs Act (TCJA). Signed a coalition in support of the Family Business Legacy Act, H.R. 6329. This legislation creates parity in the tax code between the estate and gift taxes by allowing an estate tax deduction for contributions to 501(c)(4), (c)(5), and (c)(6) organizations. Signed a coalition letter urging opposition to proposals that would raise taxes on carried interest investment income.The letter is urging Congress to reject the misnamed Carried Interest Fairness Act, legislation recently reintroduced by Senators Tammy Baldwin, Elizabeth Warren, Bernie Sanders, and other progressive members of Congress. This legislation that would increase the tax rate on carried interest investment by 70%, from 23.8% to 40.8%. Signed a coalition letter in support of H.R.574 - ALIGN Act and highlight the 100% bonus depreciation provision's importance as the tax cut reauthorization efforts continue.

Literal federal measure citations: H.R. 6329, H.R.574

HCR · Health Issues

Signed a coalition letter highlighting Congresss historic opportunity to pass HSA expansion in reconciliation. The letter discusses the many benefits of HSAs, urges members to focus on expanding the number of new accounts over contribution limits, and lists out a few HSA/other tax-advantaged accounts expansion bills they can pull inspiration from.

LBR · Labor Issues/Antitrust/Workplace

Signed a coalition letter to start applying Labor Transparency (SALT) Act would require unions to register their salts with DOL. Signed a letter in support of The Worker Enfranchisement Act would require a two-thirds participation rate in union representation elections before the results of elections can be certified. C

ENV · Environment/Superfund

Signed a coalition letter strongly urge all legislators, regardless of party, to make it a priority to get rid of the IRAs Green New Deal provisions. Many conservative policymakers have made undoing the Green New Deal a priority. This is impossible without undoing the IRA green subsidies, which are the heart of the Green New Deal. Signed a coalition letter in support of H.J. Res. 20 - Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Energy relating to Energy Conservation Program: Energy Conservation Standards for Consumer Gas-fired Instantaneous Water Heaters.

Literal federal measure citations: H.J. Res. 20

CPT · Copyright/Patent/Trademark

Signed a coalition letter urging Congress andUSTR to issue a report that reverses the weak-IP position that President Biden took. Signed a coalition letter telling Commerce Secretary, Howard Lutnick that If the United States is to recapture the competitive lead in critical and emerging technologies, ensure our national and economic security, and enable America and the American people to flourish, our nation must restore our foundations, especially private ownership rights both at home and abroad, including strong, secure, enforceable patent rights.