Tag: executive_compensation
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IRS and Treasury to Propose New Rules for Tax-Exempt Executive Pay
The IRS and Treasury announced plans for proposed regulations under the One, Big, Beautiful Bill, expanding excise tax on excessive executive compensation for tax-exempt organizations to include more highly paid employees.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentEconomyEmployment and LaborLegal IRSTreasuryTax-Exempt OrganizationsExecutive CompensationExcise TaxOne Big Beautiful BillRegulations
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IRS and Treasury Announce Expanded Executive Compensation Tax Regulations for Tax-Exempt Organizations
Treasury and IRS plan new regulations for the One, Big, Beautiful Bill, expanding excise tax on tax-exempt organization executive compensation. The tax now targets any employee earning over $1 million, not just top executives.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalEmployment and Labor Tax-exempt organizationsExecutive compensationIRSTreasuryOne, Big, Beautiful BillExcise taxRegulations
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Governor Lamont Slams Eversource Rate Hike Amidst Billions in Profit
Governor Lamont challenges Eversource's proposed $25 monthly rate hike, citing the utility's $1.69 billion profit and high executive pay. He urges regulators to prioritize Connecticut families over shareholder returns, advocating for energy affordability.
Politics and GovernmentBusinessGeneral PoliticsState GovernmentsEconomyEnergyLegal Ned LamontEversourceConnecticutUtility RatesEnergy PolicyExecutive CompensationPURAConnecticut Governors Office