Somewhat lost in the media frenzy of New Hampshire is the unveiling of President Obama’s last budget – a $4.1 trillion fiscal plan that encompasses his agenda and legacy. Capitol Hill can’t wait. Without further ado, let the games begin.
The end of the calendar year brings endless lists. There are the biggest news stories of the year … Weirdest science stories … And, dumbest criminals. But, there are also forward-looking lists – like those highlighting trends that affect contractors.
Now that Congress has returned to work, there are a few items on its to-do list, including raising the debt ceiling and passing a budget. In the mix is the 2016 Defense budget – which could significantly change DoD acquisition.
This week, the United Nations is holding a meeting in Geneva on lethal autonomous weapons systems (LAWS), aka “Killer Robots.” Though this may sound like a Hollywood plot, it’s not. And, what countries decide may determine the future of war.
Remember when you crammed for tests? In December, Congress has to pass a budget, pass a bill to prevent veteran suicides, extend tax credits, and vote on 150+ nominations. Oy! But, it appears as if the DoD will have money.
Russian actor Boris Marshalov observed after his visit to the U.S. House of Representatives, “Congress is so strange. A man gets up to speak and says nothing. Nobody listens. And, when he sits down, everybody disagrees.” How times have changed.
It must suck to be President in the last two years of your second term as the opposition takes over both houses of Congress and polls show that your popularity is on the decline, huh, President Bush. (Wait … What?)
When the 2013 Bipartisan Budget Act passed, contractors learned that a $487,000 cap had been placed on the amount the government would reimburse for executive salaries. Now, DoD and NASA contractors have also learned the cap applies to all employees.
It’s nearly that time of the year: tax time. Government contractors may be eligible for tax credits in Maryland, Virginia or the District of Columbia. The big question is … What breaks are available and where do contractors get information?