Tax
National Publicly Traded Partnership Association
Value Achieved
- Changed tax rules to make income from Publicly Traded Partnerships a qualified source for mutual funds.
- Ensured that legislation surrounding the carried interest debate did not adversely affect the structure of publicly-traded partnerships and allowed them to continue to raise funding for capital intensive projects.
Campaign
Through a blended advocacy campaign addressing Capitol Hill, the White House and the Treasury Department we were able to produce an outcome in one year that had not been accomplished in the previous ten years of effort.
Metropolitan Tax Exempt Hospital
Value Achieved
- Lifted the $150 million bond-cap set for tax exempt hospitals.
Campaign
A targeted outreach effort to specific Members of Congress and the Administration was initiated and brought to a successful conclusion through careful research and aggressive positioning that allowed us to successfully make the case against the cap and its resulting adverse impact on not-for-profit hospital’s capital projects.
National Employment Opportunity Network
Value Achieved
- Disconnected Youth
- Nearly 500,000 youths helped to find employment
- Employer friendly regulations with reduced administrative burden
- Work Opportunity Tax Credit Extension
- 44 month extension and additional four month extension, the longest for any of the “tax extenders.”
- Hire Act
- Payroll tax forgiveness on employer’s Social Security tax
- Payroll tax forgiveness on employer’s Social Security tax
Campaign
Carmen Group played a key role in the enactment of new category of eligibility under the Work Opportunity Tax Credit – Disconnected Youth. Included as part of the American Recovery and Reinvestment Act, this new category provides employers with a tax incentive of up to $ 2,400 for hiring youths who are 18 – 24 years old and who have either dropped out of school or have been socially promoted. Carmen Group worked with the IRS and the Department of Labor to issue regulations that would make the administration of the program employer friendly. Carmen Group was able to get both the IRS (three times) and Department of Labor (four times) to withdraw and reissue regulations that were onerous to those participating in the program. The final regulations dramatically reduced the administrative complexities of compliance and resulted in a program that employers like and which has helped nearly 500,000 high school drop outs and socially promoted youths find gainful employment.
Carmen Group played a key role in the adoption of the HIRE Act which provided employers with a payroll tax forgiveness on the employer’s portion of the Social Security tax paid by employers.
Carmen Group also managed to secure in 2007 a 44 month extension for the WOTC program -- the longest extension for any of the so called “tax extenders” -- and last year added another four months to the life of the program which resulted in its expiration being extended through the end of 2011. This ensured that WOTC would be up for renewal at the same time as the other extenders.
Nat'l Assn of Publicly Traded Partnerships
The tax treatment of traditional Publicly Traded Partnerships (oil and gas partnerships) is protected in the carried interest debate.
Western Development
Innovative government financing powers the revitalization of a core section of downtown DC, enhancing quality of life for residents and driving economic development for the District.
HealthSouth
Legislation permanently sets the Medicare rehabilitation patient rule at 60 percent, enabling more patients to receive necessary, inhospital rehabilitation treatment.
Nat’l Employment Opportunity Network
A major Work Opportunity Tax Credit program enhancement increases eligibility, allowing a significantly larger population of disadvantaged Americans to qualify for the program.
