Featured Posts

GAO Releases Report on Automated Vehicles

A new GAO report recommended that DOT establish a plan to combat safety and infrastructure challenges posed by self-driving cars and light-duty trucks.

The report noted that DOT recently created a group to lead policy development, but the agency has not announced a timeframe or delineated the type of work the group is expected to do.

GAO recommends that DOT develop a comprehensive plan to better manage departmental initiatives related to automated vehicles. DOT concurred with the recommendation. To see the full text of the report, click here.

0

U.S. House Republicans Release Tax Reform Plan

House Republicans unveiled plans Thursday for a sweeping overhaul of the tax system calling for fundamental changes in business and individual taxes, including big cuts in rates and new breaks for families.

It also includes a new limit on the mortgage interest deduction. People could only deduct interest on the first $500,000 of their loans for newly purchased homes, down from the current $1 million limit.

While big companies would get a significantly lower 20 percent corporate rate, down from 35 percent, they would face new limits on their ability to deduct interest on their loans, a new global minimum tax on their overseas earnings, and new taxes on U.S. companies heading abroad.

For more information, click here.

0
Older posts