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Category: Taxes

Sen. Warren, D-Mass., raises concern about private funding to the NIH ?>

Sen. Warren, D-Mass., raises concern about private funding to the NIH

When National Institutes of Health Director Francis S. Collins testified before a U.S. Senate committee last week about prioritizing cures, most senators asked him about how research is progressing on specific diseases. U.S. Sen. Elizabeth Warren, a Democrat from Massachusetts, however, raised questions about the role of the Foundation for the NIH in soliciting private dollars to fund NIH studies. Established by Congress in 1990, the FNIH is a nonprofit that solicits donations from companies and other organizations to help…

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Science Policy Roundup: December 8, 2017 ?>

Science Policy Roundup: December 8, 2017

ASBMB members urge Congress to remove graduate student tax from the final tax reform effort So far, 1,013 ASBMB members have sent 3,106 letters to 369 members of Congress in a push to ensure that the repeal of the graduate student tuition tax waiver does not make it onto the final tax reform bill. The bill is in conference committee, as the House and Senate negotiators are amending the legislation to ensure passage through both chambers. Take action here. Episode…

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How the current tax bills compare ?>

How the current tax bills compare

  This month Congress moved to fulfill President Donald Trump’s campaign promise to cut taxes.  The House of Representatives passed its Tax Cuts and Jobs Act and the Senate is expected to pass a marked up version of the bill this week.  The tax plan, an example of “trickle-down” economics, seeks to simplify the current tax bracket structure and provide large tax breaks for high earners that will likely be supported by increased taxes on the middle class. According to the…

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Science policy roundup: Nov. 17, 2017 ?>

Science policy roundup: Nov. 17, 2017

The ASBMB debuts first episode of “Pipettes and Politics” The American Society for Biochemistry and Molecular Biology has released a science policy podcast titled “Pipettes and Politics.” Hosted by the public affairs department, the podcast discusses politics and policies that affect the science community. The first episode considers the ramifications of the U.S. House of Representatives’ tax proposal to eliminate tuition waivers for graduate students. Listen here.   National Science Board addresses skilled technical workforce issue ASBMB Science Policy Analyst…

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ASBMB statement in response to H.R.1, the tax cuts and jobs act ?>

ASBMB statement in response to H.R.1, the tax cuts and jobs act

  The following statement is from Benjamin Corb, public affairs director for the American Society for Biochemistry and Molecular Biology: Tax reform efforts currently being debated in the House of Representatives would damage the nation’s scientific enterprise and weaken America’s position as the global leader for scientific breakthroughs and innovation.  Changes to the tax policy will raise the deficit and threaten investments in research and development for years to come. As constructed, H.R. 1 will increase the federal deficit by…

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