Insights

The Senate and the House have each passed their own version of Tax Reform. In comparing the two bills there are many similarities, however, there are also many differences that will have to be reconciled as the two bills are merged into a single piece of legislation. It is unclear at this point how these differences will be resolved. However, the House did vote to go to conference with the Senate to reconcile the two bills.

An insidious and underreported aspect of the tax legislation winding its way through Congress this week is a provision that likely will meaningfully and negatively impact private equity transactions, the after-tax results of entrepreneurial activities, and other public and private business transactions.

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In a groundbreaking decision, the federal appellate court in Chicago has held that employers are not required under the Americans with Disabilities Act (ADA) to provide an employee with a long-term medical leave of absence after the employee has exhausted all of his or her leave under the Family and Medical Leave Act (FMLA).

The Office of Management and Budget (OMB) has announced an immediate stay and review of an Obama-era policy requiring pay information to be included on form EEO-1. The revised form was set to take effect with the next filing cycle in March 2018.