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THE WEEKLY LEADER: FRIDAY, JUNE 11, 2021

The IRS Should Not Fill Out Tax Returns

The WasteWatcher May 10, 2021 Deborah Collier Paying taxes is a stressful process for taxpayers, especially when their circumstances change from one year to the next.  They could be employed, unemployed, married, divorced, have a child (or twins), move their home and/or business, sell assets like stock, inherit money and assets from an estate, buy or sell real estate, or be an independent contractor from one year to the next.  Given these and hundreds of other variances that could impact each person’s individual tax status, control over how and what to file should always remain with the taxpayer.  Currently, up to 70 percent of taxpayers can file for free under the appropriately named “IRS Free File” through a private company that is a member of the Free File Alliance.  This system that has been in place since 2001.   

ESG lobbying surges with Democratic control of Washington

ESG lobbying surges with Democratic control of Washington Laura Weiss © Provided by Roll Call California Rep. Juan C. Vargas’ bill to require disclosure of ESG information got committee-level approval last week. About a third of the first-quarter filings that mentioned ESG reported lobbying on Vargas’ bill. More lobbyists reported raising environmental, social and governance issues with U.S. officials and lawmakers this year, with Democrats now controlling Washington, than ever before. “ESG” has been steadily appearing in more federal quarterly lobbying reports in recent years, according to a review of filings by CQ Roll Call. After the first mention of ESG came in mid-2018, references to the topic climbed during the final years of the Trump administration, which largely opposed the consideration of ESG and sustainability issues in regulation and legislation. Those issues are now at their highest point as regulators and members of Congress prepare

House panel approves ESG, diversity bills with only Democratic support

House panel approves ESG, diversity bills without GOP support Rep. Patrick McHenry, R-N.C., accuses Democrats of trying to cater to the far left. Democrats say ESG, diversity data is crucial. April 21, 2021 2 MINS Bills that would require annual reporting of environmental social and governance metrics and diversity data are headed to the House floor without Republican support. The House Financial Services Committee, which has a Democratic majority, approved the ESG Disclosure Simplification Act, which would require companies report ESG metrics and explain how they affect business results. The measure also would require the Securities and Exchange Commission to promulgate rules requiring ESG-metrics disclosures.

House Committee Considers Legislation Requiring Disclosure of Political Spending, ES&G Metrics and Diversity

House Committee Considers Legislation Requiring Disclosure of Political Spending, ES&G Metrics and Diversity By April 20, 2021 The House Committee on Financial Services is considering legislation on a number of matters that would affect public companies.  An example of some of the matters under consideration include: A bill that would require public companies to submit quarterly reports to both the SEC and investors detailing the amount, date, and nature of the company’s expenditures for political activities. The ESG Disclosure Simplification Act would require issuers to disclose certain environmental, social and governance (ESG) metrics to shareholders, the connection between those metrics and the issuer’s long term business strategy, and the method by which the issuer determines how ESG metrics impact its long term strategy. The bill would also require the U.S. Securities and Exchange Commission (SEC) to adopt rules requiring issuers to disclose ESG metrics in filing

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