Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
The Biden Administration and the Democratic controlled Congress is rolling out a robust spending plan that will provide benefits and burdens for the defense and government contract community. This article provides a road map that will assist in providing permissibly selective benefits for the qualifying government contractors and employees.
The Administration plans reflect that government contracts and grants will play a key role in its economic and domestic agendas, pandemic response, and proposals for global economic and technology leadership. Before making the news by signing an Executive Order requiring that all federal contractors receive the COVID-19 vaccine in September, Biden released a series of plans and proposals to address infrastructure challenges. The plans rely heavily on federal investments implemented through government contracting and grants to achieve their goals and objectives. These plans offer a roadmap to the future Biden administration's policy priorities and potential actions. During the election cycle, Biden announced his broad "Buy American" plan in a July 2020 speech in Pennsylvania, calling for $400 billion in new government procurement "to modernize our infrastructure, replenish our critical stockpiles and enhance national security," and $300 billion in new research and development "to sharpen America's competitive edge in new industries." (See, https://joebiden.com/made-in-america.) "American manufacturing was the 'arsenal of democracy' in World War II," Biden said, "and has to be part of the engine of new prosperity in America now." Following the election, Biden reiterated his broad economic plans, signing an "Executive Order on Ensuring the Future Is Made in All of America by All of America's Workers." Buy American proposals are central to his plan to invest in American products, services and supply chains. Biden's plan for a national commitment to Buy American says he will:
Biden proposed a series of executive actions to strengthen Buy American principles. These executive actions would:
Buy American principles were a notable aspect of Trump's 2016 and 2020 campaigns, and a subject of executive actions by his administration. The Trump administration increased agency attention to the Buy American Act, and this renewed government focus will continue to increase under the Biden administration.
In an attempt to raise revenues and simplify the tax code, the House Ways and Means Committee has proposed a draft tax reform plan containing sweeping changes to the Internal Revenue Code, including a number of major executive compensation and benefits changes — most significantly the increase in corporate and individual income taxes and rolling pack the estate tax exemptions. The revenue-raising nature of many of the proposed compensation and benefits changes could be attractive to Congress. With these tools on the table, the field of executive compensation is open up to changes that will affect every government contractor with existing plans and looking to create new solutions. Benefit and tax advisers should take this opportunity to review their clients' current plans and take immediate steps to not only keep the program qualified but to also provide added benefits to the client.
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?