Posts tagged EIN
Michael Watson: Improving Union Annual Reporting
July 3, 2025 // Especially following the 2010 Supreme Court decision in Citizens United v. FEC, which “collection” is funding what spending is important information for union members, and they deserve ready, single-site access. (Citizens United overturned a Taft-Hartley Act–derived ban on using union dues revenues for independent expenditures on behalf of candidates.) They should not need to cross-reference Federal Election Commission (FEC) reports and Labor Department reports to infer which pot of money paid for which spending. Instead, the Labor Department or Congress should revise the LM-2 form to require labor unions to specify the funding source, perhaps by adding a new schedule for expenditures to or by the “Separate Segregated Fund” (the technical name for the “second collection” pot of money) or by requiring specification of the source of funds for Schedule 16 and 17 expenditures related to politics and advocacy.
New IC rule will have ‘unintended consequences’
January 23, 2024 // For Jim Burg, owner of Warren, Michigan-based James Burg Trucking Company, being an independent operator helped him build his business, and he views being an owner-operator as a potential stepping stone for others wanting to do the same. Burg started his company in 1984 with one truck as an independent contractor. His company is now a 94-truck operation with a terminal in Michigan City, Indiana. His trucks primarily haul steel for the automotive and manufacturing industries. "I drove over 1.2 million miles during the early years of my company's existence. Being an IC gave me the experience to understand the trucking industry and how to run a business, Burg recalled, "and it allowed me to gain knowledge of both as I set out to establish my own company."