Advocacy

​Congress has now begun working on the details of the $3.5 trillion reconciliation package that addresses issues like climate change, federal paid leave, Medicare expansion, childcare assistance, free community college and much more. To pay for such a large expansion of the federal government, Congressional Democrats are considering numerous tax changes that would impact your agency and your clients. Tax increases currently “on the table” include: a significant increase in the corporate tax rate, raising the top individual tax rate, nearly doubling the capital gains tax rate, potential elimination of “stepped up” basis, and modification/elimination of the Section 199A 20% small business tax deduction for pass-throughs.REQUESTED…

​​On August 31st, Governor Hochul nominated Adrienne Harris as Superintendent of Financial Services, the head of the Department of Financial Services. Harris replaces Linda Lacewell, who resigned on August 24th.Harris brings extensive experience in economics and financial services. She served as a special assistant for economic policy for President Obama at the National Economic Council, and previously worked for the Brunswick Group as a senior advisor to financial companies, venture capital firms, and fintechs. Since leaving the White House in January 2017, Harris went on to serve as General Counsel and Chief Business Officer, and presently as Advisor at States Title, Inc. (now DOMA), which…

On Tuesday, Kathy Hochul was sworn in as the 57th Governor of New York, pledging civility and a departure from the tactics of the former administration. On Thursday, she appointed state senator Brian Benjamin (D, Harlem) to serve as her Lieutenant Governor, to be sworn in after Labor Day. Benjamin holds an MBA from Harvard Business school, and previously worked as an affordable housing developer and investment banker at Morgan Stanley. He was first elected to the State Senate in 2017, and ran unsuccessfully for New York City Comptroller in 2021. We look forward to working with Governor Hochul and Lieutenant Governor Benjamin to ensure a…