Court Enjoins ARPA Tax Cut Prohibition

A federal district court in Ohio has issued a permanent injunction against a provision in the American Rescue Plan Act (ARPA) prohibiting states from using ARPA funds to offset state tax cuts. The provision provided that no states, territories or local communities that accepted funds from the American Rescue Plan Act (approximately $350 billion total…

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SBA & IRS Regulations Released

As the “all hands on deck” mindset continues within the federal government in fighting the coronavirus crisis and restoring economic activity as soon as possible, federal regulatory agencies continue to issue guidance clarifying their mandates on a host of issues that dramatically impact business. In that vein, the Small Business Administration has posted guidance on…

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Treasury Targets Family Gift Rules

It’s not just the regulations and rulings of the Obama-era NLRB and Department of Labor that the Trump administration is looking to correct, as the Treasury Department this week released a report detailing the regulatory changes it will pursue. In an 11-page report entitled: Identifying and Reducing Tax Regulatory Burdens, the Treasury Department continued the…

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US Treasury Reports on Non-Competes

The United States Department of the Treasury issued a detailed report on the effects of non-compete employment provisions recently and reported that as many as 30 million American workers are covered by the restriction.  Treasury’s Office of Economic Policy released: “Non-compete Contracts: Economic Effects and Policy Implications” last month and therein cited both economic benefits…

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