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Alternative Minimum Tax Relief Bill Moves to the House Floor
The Temporary Tax Relief Act of 2007 (H.R. 3996) approved by the House Committee on Ways and Means Nov. 1st is slated for House floor action before the end of the week. H.R. 3996 includes a one-year patch for AMT at a cost of roughly $50 billion as well as provides for a one-year extension of the R&D credit and other expiring tax provisions at a cost of roughly $21 billion. ... Jump to Other Sections |
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PIA Applauds Swearing-In of 25th Public Printer  Public Printer Robert C. Tapella
PIA this week applauded the swearing-in of Robert Tapella as the 25th Public Printer of the United States. Nominated by President Bush and confirmed by the U.S. Senate, Tapella will oversee the Government Printing Office (GPO) in its mission to provide information to the federal government and the public. ... |
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Estate Tax Repeal
The Senate Committee on Finance has scheduled a hearing November 14th on the estate tax. The hearing will tentatively include Berkshire Hathaway CEO Warren Buffett, who supports the estate tax, and a small business owner and a rancher who oppose the tax. ... General Tax Relief/Small Business Tax Issues
This week, PIA and other members of the Government Withholding Relief Coalition, in a letter to all state governors and the National Governing Association, highlighted the industry's concerns with the new three percent withholding provision. Meanwhile, the Temporary Tax Relief Act of 2007 (H.R. 3996), slated for House floor action before the end of the week, includes a provision that would delay for one year the three percent withholding requirement (scheduled for implementation in 2011). ... General Tax Relief/Small Business Tax Issues
PIA, as a member of the Tax Relief Coalition, sent a letter to all Members of the House and Senate in response to House Committee on Ways and Means Chairman Rangel's (D-NY) "mother of all tax reforms" proposal (H.R. 3970). The bill which lowers the corporate tax rate and eliminates the individual Alternative Minimum Tax (AMT), also includes revenue raisers that PIA has historically opposed, such as eliminating an existing tax deduction for domestic manufacturing activity, repeal of the last-in, first-out (LIFO) method of accounting, new expense allocation rules, and expansion of payroll taxes on S corporation shareholders. ... Streamlined Sales Tax (SSTA)
Do you understand the "reverse toggle" PIA is petitioning the Streamlined Sales Tax Agreement (SSTA) Governing Board to adopt at their December meeting? An October BNA Tax article titled, "Large-Scale Streamlined Sales Tax Dispute Resolution: ‘Reverse Toggle' May Resolve Debate Over Postage Taxation" by Melanie Hill of the Direct Mail Coalition, summarizes the proposal. ... Immigration Reform
A bill that would require employers to verify the citizenship of not only new employees but of their existing workforce as well was introduced in the House this week. H.R. 4088 was introduced by Rep. Shuler (D-NC) and garnered a bipartisan list of 89 original co-sponsors. Political pundits view the bill in part as a vehicle designed to allow Democratic House members to promote a "tough on immigration" stance as they look to defend seats in the sixteen Congressional Districts that voted for President Bush by more than 50 percent in 2006. ... Immigration Reform
On October 24th, Missouri Governor Matt Blunt (R) offered his support in a letter sent to state prosecutors regarding their efforts to enforce Section 285.025 of the Revised Statutes of Missouri. The statutes declare employers ineligible for state tax credits, tax abatements or loans if they employ illegal immigrants and Subsection 285.025.2 makes the receipt of tax credits in violation of Section 285.025 a class A misdemeanor and punishable by up to a year in prison. ... Equal Employment Opportunity Issues/Labor Issues
This week, the House passed H.R. 3685, the "Employee Non-Discrimination Act," by a vote of 235-184. The bill, which would make it illegal for employers to discriminate against workers based on sexual orientation, did not include the protective language regarding "gender identity;" employer groups had expressed concern earlier in the legislative process that inclusion of such language would lead to uncertainty for employers in how to comply with such a provision. ... Government Competition/Contracting The Senate Committee on Small Business this week reported favorably on legislation that would make it easier for smaller companies to contract with federal agencies. S. 2300, sponsored by Chairman Kerry (D-MA) and Ranking Member Snowe (R-ME), would revise U.S. Small Business Administration (SBA) procurement rules regarding consolidation of contracts, or "bundling," that some say favors larger firms at the expense of small business. Restrictions on Direct Mail
New Hampshire LSR 2478, to establish a "Do Not Mail Registry" will be an active bill in the New Hampshire legislature in 2008. The legislative request filed by Representative Nord (D) was not withdrawn prior to the November 2nd deadline and is currently in the bill drafting office. ... |
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2007 Special Election: Ohio 05
On Tuesday, state Rep. Robert Latta (R) won the Republican primary nomination to fill the vacant House seat in Ohio's 5th District over state Sen. Steve Buehrer. Latta with face Robin Weirauch (D) in a special election on December 11th to determine who will succeed the late Rep Gillmore (R-OH) who died in early September. ... 2008 Election: Top House Fundraisers
Running for political office these days is expensive, and House incumbents who are running for re-election in 2008 are raising as much money as quickly as possible. Interestingly enough, the two incumbents who raised the most money in the first three-quarters of this year raised the money for two very different reasons. ... 2008 Election: Illinois
The 2008 congressional races officially started to take shape on Monday as the earliest candidate filing period ever for next year's primary election closed in Illinois. Next year, Illinois will have the earliest primary date in any state ever, holding its legislative primary on February 5th, the same date as the presidential primary. ... |
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Senate: In Session |
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