Former President Trump regains the presidency; Republican trifecta is finalized
Former President Donald Trump won the presidency, securing 312 electoral college votes and winning the popular vote, ushering in a red wave in Congress. As of this newsletter, the House will remain Republican by a very thin margin of 219-210, and the Senate will flip to Republican, with the party gaining four seats in Montana, Ohio, Pennsylvania and West Virginia and a final breakdown of 53-47; Vice President-elect J.D. Vance will break any tie as needed.
Senate and House Republicans also held their internal leadership elections, which are only open to members of the Republican caucuses. After Senate Majority Leader Mitch McConnell decided to step down following years of leading the upper chamber, three candidates ran as his replacement, with Sen. John Thune (R-S.D.) emerging victorious. House leaders also met to solidify their leadership positions; new positions were elected with Rep. Lisa McClain (R-Mich.) as conference chair, Rep. Kevin Hern (R-Okla.) as conference policy chair and Rep. Erin Houchin (R-Ind.) as conference secretary while the rest remained the same from the 118th Congress. They also voted to support Speaker Mike Johnson to hold his position before a floor vote requiring 218 votes Jan. 3.
Want to learn more? We hope you can join NRCA for a webinar Nov. 19 at noon CST to discuss the 2024 election and 2025 legislative and political outlook.
President-elect Trump’s early staffing decisions provide outlook for his second administration
President-elect Trump has hit the ground running, announcing a slate of key administration officials and tapping close allies from his 2024 campaign. Following is a sample of what we know so far:
Treasury, IRS issue final regulations for the advanced manufacturing production credit
On Oct. 24, the Department of the Treasury and the IRS issued final regulations to provide guidance for the Advanced Manufacturing Production Credit established by the Inflation Reduction Act of 2022. The Advanced Manufacturing Production Credit provides a tax credit for the production and sale of specified domestically produced eligible components, including solar and wind energy components and 50 critical minerals, to unrelated persons. Generally, the final regulations define qualifying production activities and eligible components and production costs; define rules related to calculating the credit; provide rules for the sale of eligible components to unrelated persons, as well as special rules that apply to sales between related persons; and provide rules to address contract manufacturing scenarios.
USCIS announces E-Verify+
U.S. Citizenship and Immigration Services recently introduced E-Verify+, which aims to streamline the employment eligibility verification process by combining Form I-9 and E-Verify into one seamless digital process. Under E-Verify+, newly hired employees complete their Form I-9 directly through E-Verify, reducing the burden on employers of completing the existing paperwork. USCIS has been working on E-Verify+ for several years, though it has previously been referred to as E-Verify NextGen. E-Verify+ is completely voluntary and available only to employers who currently use E-Verify; employers must be invited by USCIS to join the program. Employers who are invited to participate will receive the invitation electronically when logging in to their existing account and then must follow the steps to complete enrollment. View more information about E-Verify+.
Date : Jan. 01, 0001
COMMENTS
Be the first to comment. Please log in to leave a comment.