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Advocacy in action blog

2 min read

Illinois Passes Association CE Credit Legislation

By Bianca Alonso Weiss on 4/6/22 3:17 PM

The Illinois General Assembly on March 30 passed HB 4324 by Representative Bob Morgan and Senator Julie Morrison, which will make Illinois the 13th state to offer licensed insurance producers the opportunity to gain continuing education (CE) credits based on their active participation in a state or national professional insurance association. Producers may receive up to four hours of CE on a biennial basis by providing detailed records of attendance and involvement to the Department of Insurance. The bill is now on its way to Governor J.B. Priztker’s desk for signature.  

Topics: State Advocacy Illinois Insurance & Financial Advisor Regulation Producer Licensing & CE
8 min read

Biden FY 2023 Budget Proposes $1 Trillion+ in New Taxes, Mostly on Corporations, Wealthy Individuals

By NAIFA Government Relations Team on 4/5/22 10:49 AM

On March 28, President Biden sent Congress a Fiscal Year (FY) 2023 budget that calls for $1.58 trillion in discretionary spending (a 7.4 percent increase over last year) and over $1 trillion in new taxes. The budget, the Administration says, would reduce the federal deficit by $1 trillion over ten years.

Most of the new taxes would come from the proposal to hike the corporate tax rate from the current 21 percent to 28 percent (starting in 2023) and from a new 20 percent tax on a combination of income and capital wealth held by households with $100 million or more in income from earnings and increases in the value of their capital assets. The budget also proposes raising the top individual tax rate to 39.6 percent.

Topics: Retirement Planning Federal Advocacy Congress Tax Reform
2 min read

NAIFA-Kentucky Celebrates Legislative Win

By Bianca Alonso Weiss on 3/31/22 3:45 PM

The Kentucky Legislature has passed a comprehensive tax reform package, and thanks to advocacy work by NAIFA's Kentucky chapter financial planners and investment advisors narrowly avoided a 6% sales tax on their services.

Topics: Retirement Planning State Advocacy Grassroots Kentucky Tax Reform
2 min read

NAIFA Strongly Supports SECURE 2.0 Retirement Bill Passed by the House

By NAIFA on 3/29/22 9:41 PM

NAIFA commends the House of Representatives on passing the SECURE 2.0 (H.R.2954) retirement planning legislation in a 414-5 vote. The popular legislation simplifies the process and creates incentives for employers to create and enroll employees in workplace retirement plans. It also creates greater flexibility for workers who contribute to the plans.

Topics: Retirement Planning Federal Advocacy Congress Supported Legislation SECURE 2.0
2 min read

Sen. Scott Touts Care Planning and LTC Insurance in Committee Hearing

By NAIFA on 3/25/22 2:36 PM

Senator Tim Scott (R-SC) knows the importance of the insurance and financial services industry and the role of agents and advisors in the wellbeing of Main Street Americans. He gained much of this understanding in his pre-political career as an insurance professional and NAIFA member.

Topics: Long-Term Care Federal Advocacy Congress
4 min read

Next-Level Political Involvement: NAIFA Members Are Running for Office

By NAIFA on 3/22/22 2:40 PM

Being politically engaged is part of being a good NAIFA citizen. Understanding and working to influence public policy to promote financial security benefits NAIFA members' businesses, colleagues, clients, and communities, as well as all consumers. This election year, at least seven NAIFA members are taking their advocacy to the next level by running for statewide office.

Topics: State Advocacy Member Spotlight Federal Advocacy
1 min read

Many Americans Support Building on Our Current Health Care System

By NAIFA Government Relations Team on 3/21/22 3:10 PM

The Partnership for America’s Health Care Future recently published results from a nationwide poll showing that the push for transforming the American health care system through a public option, Medicare-for-All or other government interventions in the market is losing traction with American voters.

Topics: Health Care State Advocacy Federal Advocacy Advocacy Partnerships
2 min read

NAIFA-GA Members Gather in Atlanta for a Successful Legislative Day With State Lawmakers

By NAIFA on 3/21/22 2:58 PM

NAIFA’s Georgia chapter (NAIFA-GA) held its annual Legislative Day in Atlanta earlier this year. Speakers at the event included:

Topics: State Advocacy Georgia Grassroots Legislative Day
1 min read

NAIFA’s GOTV Resources Now Available to Empower Political Participation

By NAIFA on 3/17/22 10:19 AM

NAIFA’s Get Out the Vote (GOTV) resources are now available to NAIFA members and the general public online at gotv4financialsecurity.org. The website provides educational materials to help NAIFA members and the consumers who they help achieve financial security understand how the election process works and make informed decisions at the polls.

Topics: State Advocacy Federal Advocacy Grassroots
1 min read

Lend Your Voice to Help Reopen the Capitol

By NAIFA Government Relations Team on 3/16/22 7:16 PM

Over the past few weeks, NAIFA has encouraged Congressional leadership to expand access to the US Capitol campus. Numerous reports confirm Congressional leadership is working on a bicameral reopening plan for the entire Capitol grounds.  With the 2022 Congressional Conference merely two months away, we are happy to hear that leadership is working on a phased reopening plan.  By reopening the Capitol, we will be able to get back to our in-person visits which allow us to discuss issues relating to the financial services industry and explain the impact that certain policies have on your clients and businesses.

Topics: Grassroots

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