The day the U.S. Senate released its bill to overhaul the Affordable Care Act (ACA), Senators Lindsey Graham (R-SC) and Bill Cassidy (R-LA) announced an alternative. Under the proposal, federal dollars now spent on ACA insurance would be block granted to states. The funds could be distributed as tax credits, subsidies and other ways the […]
U.S. Senate Majority Leader Mitch McConnell (R-KY) announced that a revised version of major health care legislation would be made public on 7/13 and a vote is expected sometime next week. McConnell didn’t disclose any of the changes that some Republican senators have opposed in the bill to repeal the Affordable Care Act. He also […]
President Trump has been prodding the Republican-led U.S. Congress to pass a major health care law, but huge obstacles remain, as key Senators voiced pessimism about the chances of repealing the Affordable Care Act. Sen. Pat Toomey (R-PA) said a new version of the Senate bill is expected to be released soon and that “there’s […]
According to IRS Publication 5137, Fringe Benefit Guide, a fringe benefit is “a form of pay (including property, services, cash or cash equivalent), in addition to stated pay, for the performance of services.” But the tax treatment of a fringe benefit can vary dramatically based on the type of benefit. Generally, the IRS takes one of […]
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