Tax

This week in Washington: House passes reconciliation package.
House
House Passes Reconciliation Package

On Nov. 19, the House passed the $1.7 trillion reconciliation package with a vote of 220-213. Votes came the morning after the Congressional Budget Office (CBO) published a complete cost estimate of the reconciliation package, also called the Build Back Better (BBB)

On Nov. 2, 2021, the Centers for Medicare and Medicaid Services (CMS) released a final rule to update the Physician Fee Schedule (PFS) and address other Medicare Part B issues for Calendar Year (CY) 2022. The rule, which goes into effect Jan. 1, 2022, retains proposed changes concerning telehealth and important updates to the Medicare

This week in Washington: Congressional Democrats reach drug pricing agreement; bipartisan infrastructure bill goes to President Biden’s desk with budget reconciliation bill delayed.
House
House Passes Bipartisan Infrastructure Bill, Delays Social Budget Reconciliation Package Bill
On Nov. 6, the House voted 228-206 to pass the $1.2 trillion bipartisan infrastructure bill. The bill now goes to President

For local governments, higher education institutions, development authorities and other public entities the final months of 2021 is the right time to best position yourself to receive future federal funding. McGuireWoods Consulting is uniquely positioned to help you create and implement a strategy to secure federal funds for 2022 and beyond.
Earmarks are Back in

This week in Washington: Reconciliation delayed; short-term debt ceiling fix passed.
Congress
Reconciliation Update
Votes on both the reconciliation package and the infrastructure bill were delayed last week after Democratic party divisions threatened the needed consensus. Sen. Joe Manchin (D-WV) stated the most he would support spending on a reconciliation package is $1.5 trillion. The reconciliation

Mike Andrews, former staff director and chief counsel to the Senate Committee on Indian Affairs, joins McGuireWoods as partner and McGuireWoods Consulting’s federal public affairs team as a senior vice president, and will lead the firm’s Native American public policy efforts. After a successful career on Capitol Hill and recent experience working for Sens.