Top Legislation - View All
Also tagged in: Administrative procedure, Auditing, Budgets, Business, Business records, Civil liberties, Department of the Treasury, Economic development, Economic policy, Eminent domain, Executive departments, Federal aid programs, Finance, Government information, Government paperwork, Grants-in-aid, Income tax, Judicial opinions, Judicial review, Land use, Law, Legal fees, Natural resources, Public lands, Real estate development, Right of property, Tax credits, Taxation
Latest Action: 01/04/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to return meaning to the Fifth Amendment by limiting the power of eminent domain. 1/4/2007--Introduced. Private Property Rights Protection Act - Makes ineligible for federal funds any condemning authority or acquiring party that engages or participates in a taking or condemnation of any real property interest not for a public use or public purpose using the power of eminent domain, without the owner's consent. Requires any entity applying for federal funds to certify eligibility. Allows the Commissioner of the Internal Revenue Service (IRS) to audit any condemning authority or acquiring party that has made such a certification. Allows a property owner who is notified that his or her property will be taken to file for and attach a Fifth Amendment property protection statement (PPS) indicating that the condemning entity is exceeding its authority, which shall prohibit any acquiring party from claiming any benefit, deduction, or tax credit related to any activities [...] show full description
Also tagged in: Administrative remedies, Aged, Appropriations, Armed forces, Armed forces abroad, Balanced budgets, Biennial budgets, Budget deficits, Budget resolutions, Budgets, Congress, Congressional budget, Congressional committees (Senate), Congressional investigations, Congressional reporting requirements, Counterterrorism, Defense budgets, Defense economics, Defense policy, District of Columbia, Entitlements, Executive departments, Expedited congressional procedure, Federal advisory bodies, Federal budget process, Foreign policy, Government spending reductions, Health care fraud, Health policy, Income tax, International affairs, Labor, Law, Legislation, Medical care, Medicare, Medicine, Military hospitals, Military medicine, Military operations, Performance measurement, Planning-programming-budgeting, Rescission of appropriated funds, Senate Budget, Senate rules and procedure, Social security, Social security finance, Strategic planning, Supplemental security income program, Tax rates, Taxation, Terrorism, Unemployment insurance, War casualties, Welfare
Latest Action: 05/22/2007 - Sponsor introductory remarks on measure. (CR S6463-6464) Bill TextA bill to establish a new budget process to create a comprehensive plan to rein in spending, reduce the deficit, and regain control of the Federal budget process. 5/22/2007--Introduced. Stop Over Spending Act of 2007 - Second Look at Wasteful Spending Act of 2007 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to transmit annually to Congress a maximum of four special messages that propose to rescind dollar amounts of discretionary budget authority, items of direct spending, and targeted tax benefits.Requires an analysis by: (1) the Congressional Budget Office (CBO) of an estimated savings in budget authority or outlays resulting from such rescission; and (2) the Joint Committee on Taxation of an estimated savings resulting from repeal of targeted tax benefits.Requires any rescinded budget authority, items of direct spending, or targeted tax benefit to be dedicated only to deficit reduction, and not to be used [...] show full description
Also tagged in: Budgets, Business, Congress, Congressional investigations, Congressional reporting requirements, Corporation taxes, Entitlements, Executive departments, Expedited congressional procedure, Federal advisory bodies, Government and business, Government spending reductions, House rules and procedure, Income tax, Legislation, Politics and government, Senate rules and procedure, Subsidies, Tax incentives, Taxation
Latest Action: 03/20/2007 - Referred to the Subcommittee on Government Management, Organization, and Procurement. Bill TextTo establish a commission on corporate entitlement reform. 1/17/2007--Introduced. Corporate Entitlement Reform Act of 2007 - Establishes the Corporate Entitlement Reform Commission to: (1) examine and identify federal programs and tax laws that provide corporate entitlements (federally-funded payments to profitmaking enterprises provided without a reasonable expectation that activities performed in return for such payments would result in benefits to the public at least as great as the payments); (2) review such entitlements; (3) recommend $50 billion in federal savings on corporate entitlements for the period beginning October 1, 2007, and ending September 30, 2017; and (4) report to Congress on its findings and recommendations. Sets forth procedures for congressional consideration and implementation of the Commission's recommendations.
Also tagged in: Appropriations, Authorization, Budget deficits, Budget reconciliation, Budget resolutions, Budget surpluses, Budgets, Congress, Congressional conference committees, Congressional ethics, Congressional investigations, Congressional reporting requirements, Congressional voting, Economic impact statements, Economic policy, Entitlements, Executive impoundment of appropriated funds, Expedited congressional procedure, Food, Food stamps, Government spending reductions, House rules and procedure, Income tax, Item veto, Legislation, Legislative resolutions, Presidential messages, Presidents, Rescission of appropriated funds, Senate rules and procedure, Tariff, Tax credits, Tax deductions, Tax exclusion, Tax preferences, Taxation, Trade, Welfare
Latest Action: 01/24/2007 - Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Bill TextTo amend the Congressional Budget and Impoundment Control Act of 1974 to provide for the expedited consideration of certain proposed rescissions of budget authority. 1/24/2007--Introduced. Legislative Line Item Veto Act of 2007 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to propose the cancellation (line item veto) of any dollar amount of discretionary budget authority, item of direct spending, limited tariff benefit, or targeted tax benefit. Sets forth requirements for the President's transmittal to Congress of a special message regarding a proposed cancellation. Dedicates any cancellation only to deficit reduction or increase of a surplus. Provides for adjustment of: (1) committee allocations resulting from such rescission; and (2) applicable limits, as appropriate, under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Sets forth procedures for [...] show full description
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Latest Action: 06/05/2007 - Referred to the Subcommittee on Workforce Protections. Bill TextTo establish a living wage, jobs for all policy for all peoples in the United States and its territories, and for other purposes. 2/14/2007--Introduced. A Living Wage, Jobs for All Act - Declares that Congress affirms the basic economic rights and responsibilities under the 1944 "Economic Bill of Rights," while updating and extending it to include: (1) certain rights to decent jobs, income security for individuals unable to work for pay, a decent living for farm families, freedom from monopolies, decent housing, adequate health services, Social Security in old age, sickness, accidental injury, and unemployment, and education and work training; and (2) certain other rights relating to collective bargaining, a safe working environment, information on trends in pollution sources and products and processes that affect the well-being of workers throughout the world, voting and campaigning, and personal security. Requires corporations registered with the Securities and Exchange [...] show full description
Also tagged in: Aged, Business, Children, Civil service retirement, Congress, Congressional voting, Corporation taxes, Cost of living adjustments, Economic policy, Estate tax, Excise tax, Executive compensation, Flat-rate tax, Gift tax, Government employees, House rules and procedure, Income tax, Indexing (Economic policy), Individual retirement accounts, Labor, Legislation, Legislative amendments, Legislative resolutions, Local employees, Minimum tax, Pension funds, Pensions, Retirement income, Self-employed, Senate rules and procedure, Social security, State and local government, State employees, Tax credits, Tax deductions, Tax exclusion, Tax penalties, Tax rates, Tax simplification, Tax-deferred compensation plans, Tax-exempt organizations, Taxation, Unemployment insurance
Latest Action: 03/29/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to repeal the current Internal Revenue Code and replace it with a flat tax, thereby guaranteeing economic growth and greater fairness for all Americans. 3/29/2007--Introduced. Tax Simplification Act of 2007 - Amends the Internal Revenue Code to replace the marginal income tax rates with a single rate of 19 percent (17 percent after December 31, 2009) on individual taxable income. Redefines "taxable income" to mean the amount by which wages, retirement distributions, and unemployment compensation exceed the standard deduction. Increases the basic standard deduction and includes an additional standard deduction for dependents. Includes in taxable income the taxable income of each dependent child under the age of 14. Replaces the current tax on corporations with a tax on every person engaged in a business activity equal to 19 percent (17 percent after December 31, 2009) of the business taxable income of such person. Makes the person engaged in the business activity [...] show full description
Also tagged in: Appropriations, Budget deficits, Budget surpluses, Budgets, Congress, Congressional voting, Expedited congressional procedure, Federal budgets, Income tax, Item veto, Presidential messages, Presidents, Rescission of appropriated funds, Taxation
Latest Action: 04/23/2007 - Sponsor introductory remarks on measure. (CR S4852) Bill TextA bill to amend the Congressional Budget and Impoundment Control Act of 1974 to provide for the expedited consideration of certain proposed rescissions of budget authority. 4/23/2007--Introduced. Congressional Accountability and Line Item Veto Act of 2007 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to propose the repeal of any congressional earmark or the cancellation (line item veto) of any limited tariff benefit or targeted tax benefit. Sets forth requirements for the President's transmittal to Congress of a special message regarding a proposed repeal or cancellation. Dedicates any repeal or cancellation only to deficit reduction or increase of a surplus. Provides for adjustment of: (1) committee allocations resulting from such rescission; and (2) applicable limits, as appropriate, under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Sets forth [...] show full description
Also tagged in: Appropriations, Authorization, Budget deficits, Budget reconciliation, Budget resolutions, Budget surpluses, Budgets, Congress, Congressional conference committees, Congressional ethics, Congressional investigations, Congressional reporting requirements, Congressional voting, Economic impact statements, Economic policy, Entitlements, Executive impoundment of appropriated funds, Expedited congressional procedure, Food, Food stamps, Government spending reductions, House rules and procedure, Income tax, Item veto, Legislation, Legislative resolutions, Presidential messages, Presidents, Rescission of appropriated funds, Senate rules and procedure, Tax credits, Tax deductions, Tax exclusion, Tax preferences, Taxation, Welfare
Latest Action: 03/07/2007 - Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Bill TextTo amend the Congressional Budget and Impoundment Control Act of 1974 to provide for the expedited consideration of certain proposed rescissions of budget authority, and for other purposes. 3/7/2007--Introduced. Earmark Accountability and Reform Act of 2007 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to propose the cancellation (line item veto) of any dollar amount of discretionary budget authority, item of direct spending, or targeted tax benefit. Sets forth requirements for the President's transmittal to Congress of a special message regarding a proposed cancellation. Dedicates any cancellation only to deficit reduction or increase of a surplus. Provides for adjustment of: (1) committee allocations resulting from such rescission; and (2) applicable limits, as appropriate, under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Sets forth procedures [...] show full description
Latest Action: 03/28/2007 - Referred to the House Committee on Rules. Bill TextTo prohibit the inclusion of earmarks in conference reports that were not in the House- or Senate-passed bills. 3/28/2007--Introduced. Appropriations Transparency Act of 2007 - Allows a point of order to be made by any Member in the House of Representatives or the Senate against consideration of a conference report that includes any earmark or tax earmark not committed to conference by either chamber. Defines "tax earmark" as any revenue-losing provision that provides a federal tax deduction, credit, exclusion, or preference to only one beneficiary (determined with respect to either present law or any provision of which the provision is a part) under the Internal Revenue Code in any year for which the provision is in effect.
Also tagged in: Appropriations, Budget deficits, Budget surpluses, Budgets, Congress, Congressional voting, Expedited congressional procedure, Federal budgets, Income tax, Item veto, Presidential messages, Presidents, Rescission of appropriated funds, Taxation
Latest Action: 04/23/2007 - Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Bill TextTo amend the Congressional Budget and Impoundment Control Act of 1974 to provide for the expedited consideration of certain proposed rescissions of budget authority. 4/23/2007--Introduced. Congressional Accountability and Line Item Veto Act of 2007 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to propose the repeal of any congressional earmark or the cancellation (line item veto) of any limited tariff benefit or targeted tax benefit. Sets forth requirements for the President's transmittal to Congress of a special message regarding a proposed repeal or cancellation. Dedicates any repeal or cancellation only to deficit reduction or increase of a surplus. Provides for adjustment of: (1) committee allocations resulting from such rescission; and (2) applicable limits, as appropriate, under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Sets forth procedures [...] show full description
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Latest Legislation - View All
Also tagged in: Appropriations, Authorization, Budgets, Congress, Congressional investigations, Congressional joint committees, Congressional reporting requirements, Executive departments, House rules and procedure, Income tax, Legislation, Legislative resolutions, Senate rules and procedure, Tariff, Taxation, Trade
Latest Action: 03/11/2008 - Referred to the House Committee on Rules. Bill TextEstablishing a Joint Select Committee on Earmark Reform. 3/11/2008--Introduced. Establishes a Joint Select Committee on Earmark Reform to study and report to the House and the Senate on the practices of the legislative and executive branch regarding earmarks in authorizing, appropriation, tax, and tariff measures. Makes it out of order to consider a bill, joint resolution, or conference report containing a congressional earmark, limited tax benefit, or limited tariff benefit until the filing of such report.
Also tagged in: Budgets, Congress, Congressional conference committees, Congressional publicity, Congressional Record, Government information, Grants-in-aid, House rules and procedure, Income tax, Legislative amendments, Members of Congress, Tariff preferences, Taxation, Trade
Latest Action: 01/15/2008 - Referred to the House Committee on Rules. Bill TextAmending the Rules of the House of Representatives to strengthen the earmark point of order. 1/15/2008--Introduced. Additional Earmark Disclosure Resolution - Amends rule XXI (Restrictions on Certain Bills) of the Rules of the House of Representatives to make it out of order to consider a conference report unless the accompanying joint explanatory statement includes: (1) a list of congressional earmarks, limited tax benefits, and limited tariff benefits (and the name of any requesting Member or Senator) that were not committed to the conference committee by either House, not in a report on such bill, or not in a report of a Senate committee on a companion measure; or (2) a statement that the proposition contains no congressional earmarks, limited tax benefits, or limited tariff benefits. Makes it out of order also to consider an amendment between the Houses to a bill or joint resolution unless the proponent has caused to be printed in the Congressional Record before [...] show full description
Also tagged in: Aged, Budget resolutions, Budget surpluses, Budgets, Congress, Government trust funds, Health policy, House rules and procedure, Income tax, Legislation, Medical care, Medicare, Old age, survivors and disability insurance, Senate rules and procedure, Social security, Social security finance, Taxation
Latest Action: 12/06/2007 - Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Bill TextTo establish a procedure to safeguard the surpluses of the social security and medicare hospital insurance trust funds. 12/6/2007--Introduced. Social Security and Medicare Lock-Box Act - Amends the Congressional Budget Act of 1974 to make it out of order in the House of Representatives or the Senate to consider any concurrent resolution on the budget (or related measure) that would set forth a surplus for any fiscal year less than the surplus of the Federal Hospital Insurance Trust Fund for that fiscal year. Creates an exception to such point of order if a violation of it would result from an assumption in the measure of an increase in outlays or a decrease in revenue relative to the baseline underlying the measure for Social Security or Medicare reform legislation for any such year. Makes it out of order in the House of Representatives or the Senate to consider any (spending or tax) measure if its enactment would cause the surplus for any fiscal year covered [...] show full description
Also tagged in: Appropriations, Authorization, Budgets, Congress, Congressional investigations, Congressional joint committees, Congressional reporting requirements, Executive departments, House rules and procedure, Income tax, Legislation, Legislative resolutions, Senate rules and procedure, Tariff, Taxation, Trade
Latest Action: 11/15/2007 - Referred to the House Committee on Rules. Bill TextTo establish the Joint Select Committee on Earmark Reform, and for other purposes. 11/15/2007--Introduced. Establishes a Joint Select Committee on Earmark Reform to study and report to the House and the Senate on the practices of the legislative and executive branch regarding earmarks in authorizing, appropriation, tax, and tariff measures. Makes it out of order to consider a bill, joint resolution, or conference report containing a congressional earmark, limited tax benefit, or limited tariff benefit until the filing of such report.
Also tagged in: Administrative remedies, Aged, Appropriations, Armed forces, Armed forces abroad, Balanced budgets, Biennial budgets, Budget deficits, Budget resolutions, Budgets, Congress, Congressional budget, Congressional committees (Senate), Congressional investigations, Congressional reporting requirements, Counterterrorism, Defense budgets, Defense economics, Defense policy, District of Columbia, Entitlements, Executive departments, Expedited congressional procedure, Federal advisory bodies, Federal budget process, Foreign policy, Government spending reductions, Health care fraud, Health policy, Income tax, International affairs, Labor, Law, Legislation, Medical care, Medicare, Medicine, Military hospitals, Military medicine, Military operations, Performance measurement, Planning-programming-budgeting, Rescission of appropriated funds, Senate Budget, Senate rules and procedure, Social security, Social security finance, Strategic planning, Supplemental security income program, Tax rates, Taxation, Terrorism, Unemployment insurance, War casualties, Welfare
Latest Action: 05/22/2007 - Sponsor introductory remarks on measure. (CR S6463-6464) Bill TextA bill to establish a new budget process to create a comprehensive plan to rein in spending, reduce the deficit, and regain control of the Federal budget process. 5/22/2007--Introduced. Stop Over Spending Act of 2007 - Second Look at Wasteful Spending Act of 2007 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to transmit annually to Congress a maximum of four special messages that propose to rescind dollar amounts of discretionary budget authority, items of direct spending, and targeted tax benefits.Requires an analysis by: (1) the Congressional Budget Office (CBO) of an estimated savings in budget authority or outlays resulting from such rescission; and (2) the Joint Committee on Taxation of an estimated savings resulting from repeal of targeted tax benefits.Requires any rescinded budget authority, items of direct spending, or targeted tax benefit to be dedicated only to deficit reduction, and not to be used [...] show full description
Also tagged in: Administrative fees, Aged, Air cargo, Armed forces, Armed forces abroad, Aviation safety, Banks and banking, Border patrols, Budgets, Children, Collection of accounts, Community development, Congressional reporting requirements, Consumption, Counterterrorism, Criminal justice, Defense policy, Department of the Treasury, Depressed areas, Detention of persons, Earned income tax credit, Economic impact statements, Economic policy, Education, Elementary and secondary education, Elementary education, Emergency management, Emergency medicine, Excise tax, Executive departments, Executive reorganization, Families, Federal aid to law enforcement, Federal employees, Fees, Finance, Fire fighters, Fiscal policy, Foreign policy, Fraud, Government employees, Governmental investigations, Health insurance, Health policy, Higher education, Housing, Immigration, Income tax, Indexing (Economic policy), Infrastructure, Interest, International affairs, Job creation, Labor, Law, Law enforcement officers, Marine safety, Marine terminals, Medical care, Medically uninsured, Medicare, Medicine, Military pay, Minimum tax, Misconduct in office, Mortgages, National Guard, Old age, survivors and disability insurance, Paramedical personnel, Pay equity, Police, Politics and government, Progressive taxation, Public debt, Public schools, Revenue sharing, Rural affairs, Rural economic development, Sales tax, Saving and investment, Secondary education, Security measures, Social security, Social security finance, State and local government, Tax administration, Tax credits, Tax deductions, Tax exemption, Tax incentives, Tax penalties, Tax rates, Tax rebates, Taxation, Terrorism, Transportation, Turnover tax, Urban affairs, Urban economic development, Waste in government spending, Welfare
Latest Action: 05/03/2007 - Referred to the House Committee on Ways and Means. Bill TextTo require a study and comprehensive analytical report on transforming America by reforming the Federal tax code through elimination of all Federal taxes on individuals and corporations and replacing the Federal tax code with a transaction fee-based system. 5/3/2007--Introduced. Comprehensive Transform America Transaction Fee Act of 2007 - Directs the Secretary of the Treasury to conduct an in-depth study on the implementation of a transaction fee in the United States to replace all existing federal taxes. Sets forth guidelines for such study, including: (1) an identification of the transactions to which such fee would apply; (2) exclusions from such fee; (3) the rate of such fee; (4) potential uses for revenue from such fee; (5) progressivity standards; and (6) general matters, including point of liability for such fee and responsibility for collection. Requires the Secretary to report to Congress on the results of such study within one year after the enactment of [...] show full description
Also tagged in: Appropriations, Armed forces, Authorization, Biennial budgets, Budget deficits, Budget resolutions, Budget surpluses, Budgets, Central Intelligence Agency, Civil service retirement, Coast guard, Congress, Congressional budget, Congressional committees (House), Congressional committees (Senate), Congressional publicity, Congressional reporting requirements, Congressional voting, Debt limit, Defense policy, Department of Commerce, Economic policy, Emergency management, Entitlements, Expedited congressional procedure, Families, Federal advisory bodies, Federal budget process, Federal budgets, Federal employees, Finance, Foreign policy, Foreign service, Fraud, Government employees, Government insurance, Government spending reductions, Government trust funds, Grants-in-aid, Health policy, House Budget, House of Representatives, House rules and procedure, Income tax, Indexing (Economic policy), Intelligence activities, Intelligence services, Item veto, Legislation, Medical care, Medicine, Members of Congress, Military dependents, Military pensions, Old age, survivors and disability insurance, Pensions, Presidents, Public health personnel, Rescission of appropriated funds, Retiree health benefits, Senate Budget, Senate rules and procedure, Social security, Subsidies, Survivors' benefits, Tariff, Tax incentives, Tax preferences, Taxation, Veterans' medical care, Waste in government spending
Latest Action: 05/01/2007 - Referred to the Committee on the Budget, and in addition to the Committees on Rules, Ways and Means, Appropriations, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such pro Bill TextTo reform Federal budget procedures, to impose spending safeguards, to combat waste, fraud, and abuse, to account for accurate Government agency costs, and for other purposes. 5/1/2007--Introduced. Family Budget Protection Act of 2007 - Amends the Congressional Budget Act of 1974 (CBA) to eliminate the May 15 deadline for consideration of annual appropriations measures. Requires annual joint (currently, concurrent) budget resolutions signed by the President. Provides for an amendment to change the statutory limit on the public debt. Requires consideration of budget-related legislation before the budget resolution becomes law. Provides for establishment of a reserve fund for emergencies. Prescribes requirements for biennial budget resolutions, appropriations Acts, and government strategic and performance plans instead of annual ones if the President and Congress so agree. Provides spending caps on the growth of entitlements and mandatory [...] show full description
Also tagged in: Appropriations, Budget deficits, Budget surpluses, Budgets, Congress, Congressional voting, Expedited congressional procedure, Federal budgets, Income tax, Item veto, Presidential messages, Presidents, Rescission of appropriated funds, Taxation
Latest Action: 04/23/2007 - Sponsor introductory remarks on measure. (CR S4852) Bill TextA bill to amend the Congressional Budget and Impoundment Control Act of 1974 to provide for the expedited consideration of certain proposed rescissions of budget authority. 4/23/2007--Introduced. Congressional Accountability and Line Item Veto Act of 2007 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to propose the repeal of any congressional earmark or the cancellation (line item veto) of any limited tariff benefit or targeted tax benefit. Sets forth requirements for the President's transmittal to Congress of a special message regarding a proposed repeal or cancellation. Dedicates any repeal or cancellation only to deficit reduction or increase of a surplus. Provides for adjustment of: (1) committee allocations resulting from such rescission; and (2) applicable limits, as appropriate, under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Sets forth [...] show full description
Also tagged in: Appropriations, Budget deficits, Budget surpluses, Budgets, Congress, Congressional voting, Expedited congressional procedure, Federal budgets, Income tax, Item veto, Presidential messages, Presidents, Rescission of appropriated funds, Taxation
Latest Action: 04/23/2007 - Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Bill TextTo amend the Congressional Budget and Impoundment Control Act of 1974 to provide for the expedited consideration of certain proposed rescissions of budget authority. 4/23/2007--Introduced. Congressional Accountability and Line Item Veto Act of 2007 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to propose the repeal of any congressional earmark or the cancellation (line item veto) of any limited tariff benefit or targeted tax benefit. Sets forth requirements for the President's transmittal to Congress of a special message regarding a proposed repeal or cancellation. Dedicates any repeal or cancellation only to deficit reduction or increase of a surplus. Provides for adjustment of: (1) committee allocations resulting from such rescission; and (2) applicable limits, as appropriate, under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Sets forth procedures [...] show full description
Also tagged in: Aged, Business, Children, Civil service retirement, Congress, Congressional voting, Corporation taxes, Cost of living adjustments, Economic policy, Estate tax, Excise tax, Executive compensation, Flat-rate tax, Gift tax, Government employees, House rules and procedure, Income tax, Indexing (Economic policy), Individual retirement accounts, Labor, Legislation, Legislative amendments, Legislative resolutions, Local employees, Minimum tax, Pension funds, Pensions, Retirement income, Self-employed, Senate rules and procedure, Social security, State and local government, State employees, Tax credits, Tax deductions, Tax exclusion, Tax penalties, Tax rates, Tax simplification, Tax-deferred compensation plans, Tax-exempt organizations, Taxation, Unemployment insurance
Latest Action: 03/29/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to repeal the current Internal Revenue Code and replace it with a flat tax, thereby guaranteeing economic growth and greater fairness for all Americans. 3/29/2007--Introduced. Tax Simplification Act of 2007 - Amends the Internal Revenue Code to replace the marginal income tax rates with a single rate of 19 percent (17 percent after December 31, 2009) on individual taxable income. Redefines "taxable income" to mean the amount by which wages, retirement distributions, and unemployment compensation exceed the standard deduction. Increases the basic standard deduction and includes an additional standard deduction for dependents. Includes in taxable income the taxable income of each dependent child under the age of 14. Replaces the current tax on corporations with a tax on every person engaged in a business activity equal to 19 percent (17 percent after December 31, 2009) of the business taxable income of such person. Makes the person engaged in the business activity [...] show full description
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