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Legislation News & Report (TM) The Week in Congress .com (TM) "A Democracy is Only A Democracy When You Participate" Week Ending February 2, 2007 Volume 4 Number 5 |
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Other Bills and Resolutions This Week Managing America; U.S. & the World; Honorariums; Civil Rights; Sports. U.S. & The World House Urges Britain to Investigate Ireland Murder; ― House Program Interacts with Foreign Parliaments; ― CBO Calculates Cost of Troop Surge Managing America ― The Courts Nothing This Week Education Nothing This Week Energy Nothing This Week Environment and Resources President's Order Revises Government Pollution Rules; Government Agencies Nothing This Week Health & Safety Military CBO Calculates Cost of Troop Surge; ― Miscellaneous Nothing This Week Native American Matters Nothing This Week Public Land Nothing This Week Veterans Honorariums Engineers Recognized as Innovators; ― Julian Honored for Medical Breakthroughs; ― Wes Autrey Recognized for Heroism;
Civil Rights Dr. Julian Honored for Medical Breakthroughs; ― Lovie and Dungy's Success Honored; Lovie and Dungy's Success Honored; ― ― The President President's Order Revises Government Pollution Rules;
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HOUSE
Photo: Jane M. Sawyer LAST YEAR'S UNFINISHED BUDGET MOVED THROUGH HOUSE
Earmarks to Private Organizations Removed, Boys and Girls Club and Others Lose Funds.
Member's Pay Increase Delayed by Previous Resolution
Spending for Crime Fighting Increased
Unexpended Balances Retrieved---$10 Billion
The 109th Congress failed for the first time in recent history to pass all appropriation bills prior to adjournment in December 2006 although the House of Representatives passed all spending measures with the exception of the one for the Departments of Labor, Health and Human Services and Education.
The Senate completed work on three bills, Defense Appropriations and Authorizations, Homeland Security and Military Construction all of which were signed into law by the president with the exception of the Construction bill that never progressed to the House-Senate conference over details.
Senate committees marked up the remaining 9 bills but, after the November 2006 elections, the 109th leadership decided not to use the remaining seven weeks until January 1, 2007 to pass the rest. The 109th leadership returned after the elections for about one week and then retired the 109th Congress on December 8, 2006. Members passed a continuing resolution that would fund the federal government at the previous fiscal year 2006 levels passed in 2005. That continuing resolution, HJR 102, was set to expire on February 17, 2007. HJR 102 also froze the congressional pay raise.
This Continuing Resolution does three things: it sets spending until the end of the current fiscal year, September 30, 2007 at levels approved in 2005 for fiscal year 2006, the most recent year Congress passed all spending bills; it removes earmark funding placed in the bills by the 109th Congress and it increases and decreases spending on specific programs.
Dates, actions and votes on the FY 2007 spending and authorization bills that did pass can be read....here.
The full report on this continuing resolution and links to reports on details of the 2005 spending bills now continued can be read here....HJR 20
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SENATE
SENATE COMPLETES MINIMUM WAGE BILL
Amendments Ease Impact on Small Business with $8.3 Billion in Tax Breaks
The Senate agreed to the House-passed minimum wage increase bill after extensive amendment activity that aimed through tax break provisions to switch the cost of the measure from small businesses impacted by the bill to, essentially, the US taxpayers.
The CBO calculates that the bill will have little impact on the Federal budget (around $900 million over the next five years) but the impact on small business employers is estimated at $300 million in FY 2007 and rising to a five year total of $16.3 billion by 2011.
The underlying bill would raise the minimum hourly wage from the current $5.15 per hour to $7.25 within two years bringing an added expense to small business employers. The tax provisions would reduce tax revenues from small business by an estimated $8.3 billion over five years.
The primary amendment was Amendment. 100 by Sen. Max Baucus (D-MT). Amendment 100 increases or expands business expensing; expands benefits relating to capital expenses and leasing; allows for more simplistic accounting methods; extends tax breaks for hiring welfare recipients, qualified veterans and high-risk youth. Other amendments added other benefits. For example, Businesses will find some assistance in complying with government regulations, a paperwork and time saving measure. The Baucus Amendment accounts for most of the tax break totals. But the Baucus amendment went into great detail in the areas of accounting and tax liabilities for small businesses and some individuals such as expatriate Americans living abroad. Increases in fines for a variety of tax liabilities is included. Small businesses are those that earn up to $10 million yearly.
The amendment takes a shot at increasing the amount of extreme executive payouts that are denied tax deduction status.
The modified Line Item Veto amendment failed. The LIV would have allowed the president to return a bill to Congress with suggestions for rescissions. Opposition to that amendment held that it allows a president to hold onto a bill for 365 days causing some major delays in the legislative process and the potential for political extortion.
The House did not allow for amendments to the bill and is not expected to accept the Senate amendments.
(Report here with amendments explained...HR2)
Full Text of the Bill With Indexes ## |
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