APA Makes Headlines for Stance on GOP’s Tax Bill
In December, the American Payroll Association (APA) loudly voiced its concerns on the GOP’s “Tax Cuts and Jobs Act” by penning a letter to the Congress lawmakers on the bill (H.R. 1). The letter enabled the APA to express concerns over the bill to a national audience and even influenced the final language of the bill.
The letter, co-signed by the APA’s Mike O’Toole, Esq. and Alice Jacobsohn, Esq., expressed concern over H.R. 1’s negative impact on the payroll withholding system and highlighted the “herculean task” that would be in store for payroll professionals in the new year. With the aid of the letter, the APA was able to impress upon Congress the need for a transition period for employers and payroll so there wouldn’t be such a massive change from 2017. APA’s proposal giving the IRS flexibility in setting withholding rules for 2018 made it into the final, approved bill .
In the days following the release of the letter on December 11, the APA was able to share their concerns with millions of Americans via national media. Highlights of the APA’s media coverage include:
- CNNMoney was the first media outlet to give coverage to the APA’s letter. The resulting article quoted both the APA’s letter and its Government Relations team and made it to the front homepage of both CNNMoney and CNN.
- The Wall Street Journal published an article featuring the APA’s warning that there simply isn’t enough time to figure out withholding for 2018 if the bill passed in December.
- Fox Business and Fox News published three articles featuring quotes from the APA’s letter and warning about the tax bill’s impact to the payroll withholding system.
- Politico interviewed the APA several times throughout December and published multiple articles featuring quotes from both O’Toole and the APA’s letter advising it will take employers time to adjust to the new law.
- PBS NewsHour shared the APA’s letter during its live television segment and read quotes from the letter as analysts explored what individuals needed to know now that the bill has passed.
The new bill is expected to be signed into law by President Trump in early January and will begin to immediately impact payroll and employers. Stay tuned to the APA and Pay News Now as we continue to monitor what payroll needs to know to remain compliant in the New Year.