NAIFA Advocacy Staves Off Potentially Harmful Tax Reform Proposals

December 29, 2017

Register for NAIFA's Jan. 5 Webinar on Tax Reform The Tax Cuts and Jobs Act, signed into law by the president just before Christmas, is a sweeping overhaul of the federal income tax law. NAIFA advocacy went into high gear as the bill was being written and negotiated in Congress. As the leading voice for advisors and the insurance and financial services industry on Capitol Hill, NAIFA emphasized that public policy must continue to encourage Americans to plan ahead, protect their famil...

NAIFA Members Talk Tax Reform on Capitol Hill

November 30, 2017

Insurance and financial advisors in Washington, D.C., this week for NAIFA’s annual National Advocacy Meeting are on Capitol Hill today meeting with their federal legislators. NAIFA members from across the country are participating in meetings with more than 200 congressional offices.   Today’s Day on the Hill serves as a prelude to NAIFA’s annual Congressional Conference , scheduled for May 22-23, 2018. The NAIFA Congressional Conference is the largest Capitol Hill fly-in in the insura...

NAIFA Members Prepare to Give Voice to Industry on Capitol Hill

November 30, 2017

With Congress and the administration deep in the process of tax reform, NAIFA CEO Kevin Mayeux assured a packed room of NAIFA members that, as an association, “we are in our element.”   “Though much is happening behind the scenes as negotiations occur, tradeoffs are made, and agreements are reached, you can rest assured that NAIFA is here to provide a voice for our industry and to look out for your interests and the consumers who need the products and services you provide,” Mayeux told me...

House Tax Bill Could Negatively Impact Long-Term Care

November 20, 2017

The House Tax Bill, H.R.1, which repeals the deduction for medical expenses, could have the unintended result of discouraging long-term care and increasing the cost of premiums. Under current tax law medical expenses that exceed 10 percent of their adjusted gross income (AGI) can be deducted. While the provision would affect many people, the majority are senior citizens who would no longer be able to deduct home care costs, assisted living, or long-term care premiums.    Currently, qualif...

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Tax Reform Illustrates the Importance of NAIFA Membership

November 15, 2017

“Laws are like sausages. It’s better not to see them being made.”                         - Attributed to Otto Von Bismark ( though he probably didn’t say it )   Dear friends, Times like these are a big reason you are a NAIFA member.* Congress and the administration are deep in the sausage-making process of tax-reform . I don’t need to tell you how important tax laws are to the success of your family, your business, your clients, and our country. Though much is happening behind...