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June 2022 News
DOL Overtime Rule Expected in Fall
The Department of Labor (DOL) is expected to issue a new rule on overtime pay exemptions this fall that is likely to expand the pool of American workers eligible for overtime pay. The overtime rule sets a salary threshold used to determine which employees are eligible to receive overtime pay Read more
U.S. Travel Forecast Projects Short-Term Surge
Despite rising inflation, domestic leisure and business travel is projected to surge in the short term due to pent-up demand and consumer savings, according to U.S. Travel Association’s biannual forecast for travel through 2026. U.S. Travel estimates that $1.05 trillion will be spent on travel in the U.S. in 2022, Read more
ASAE Joins ECA in Supporting Role of Business Events
ASAE is participating in a week-long legislative action program this week organized by the Exhibitions & Conferences Alliance (ECA) to educate Congress on the vital role that face-to-face meetings and conferences play in expanding economies and helping communities in the U.S. recover from the devasting economic and employment impacts of Read more
Charitable Giving Remained Strong in 2021, Report Says
Charitable giving in the U.S. reached a record $485 billion in 2021, though giving is not keeping pace with inflation, according to a report released this week by Giving USA. The Giving USA report says donations in 2021 were 4 percent higher than in 2020, but down 0.7 percent when Read more
Senate Finance Advances Retirement Package
The Senate Finance Committee advanced bipartisan retirement legislation this week, leaving lawmakers optimistic about getting a final bill through Congress this year. Senate Finance passed the Enhancing American Retirement Now (EARN) Act by a 28-0 vote. The EARN Act builds on the SECURE Act of 2019 by incentivizing more small Read more
IRS Issues Five-Year Strategic Plan
The IRS recently released a new five-year strategic plan that outlines its goals to improve taxpayer service and tax administration. The strategic plan will serve as a roadmap for the agency’s operations as it works to achieve its revenue collection and enforcement priorities. “Through the strategic plan, we want to share our Read more
