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Senate Democrats Introduce the 'No Tax Breaks for Union Busting Act'
Sen. Bob Casey (D-PA) introduced S. 4192, a bill to classify actions by businesses related to worker organization efforts as political activity under the tax code. This means that funds spent on activities such as “captive audience” meetings, and other activities allowed under the National Labor Relations Act, would not be tax-deductible. If enacted, companies would also be required to report intervention in labor activities to the IRS. The bill is co-sponsored by 20 Senate Democrats, including Sen. Patty Murray (D-WA), chairman of the Senate Labor Committee, and Sen. Ron Wyden (D-OR), chairman of Senate Finance.
Potential for New Build Back Better Legislation
We are gathering intelligence that that there is an unofficial outline of a revised Build Back Better Act floating around the Hill that reflects talks happening among Democrats. The outline calls for raising $1 trillion in revenue from new taxes, rather than raising tax rates, and $300 billion in revenue from prescription drug reform. On the spending side, the outline calls for spending $320 billion on clean energy tax credits and extending expiring Obamacare subsidies. We are not aware whether there are any labor and employment provisions included in the current draft, but we are tracking these developments closely.
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