Cal Hook & Ladder

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Hook & Ladder- Sacramento California

Trump Administration Proposes Eliminating Moving Expense Deduction

In early May, the Trump Administration released a broad tax reform outline that called for the dramatic reduction of corporate tax rates, reform to personal tax brackets, and the elimination of nearly every tax deduction utilized by American households, including the Moving Expense Tax Deduction. As a vital incentive for consumers of our industry, AMSA is working hard to preserve the deduction by meeting with Members of Congress to advocate for the deduction’s retention in any forthcoming tax reform package. We have reports that House lawmakers on the Ways and Means Committee are working to finish their version of a tax overhaul proposal this summer, although there is growing disagreement among members as to whether any tax savings will be used to fund a forthcoming infrastructure package. AMSA’s government affairs team is closely monitoring these developments to ensure we are well-positioned to advocate for our industry priorities in either draft. We have also partnered with the Employment Relocation Council (ERC) to update a detailed study on the deduction’s impact to taxpayers and businesses.

SACRAMENTO BUSINESS REVIEW: 2017 HUMAN CAPITAL INDEX

In partnership with SAHRA, the Sacramento Business Review surveyed the local HR community to determine trends, and to forecast the future of human capital in Sacramento. Below are the key findings: 

 

❱❱ The current focus for human capital management in the region is on employee development, i.e., training for necessary work skills and development for future changes.

 

❱❱ Local organizations predict that their most important initiative during the first half of 2017 will be recruiting new talent, although they expect low levels of turnover – an apparent contradiction.

 

❱❱ More than three-quarters of employees view their pay and benefits positively, consistent with the data in our SBR/SAFE Credit Union Consumer Sentiment Survey.

 

❱❱ Seventy-five percent of organizations anticipate championing new or significantly revised human capital initiatives for 2017, including employee recognition in non-financial forms.

 

❱❱ HR departments expect to focus on improving employee engagement and satisfaction.