All Cost of living adjustments Legislation - Federal Government

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Authorizes a cost of living adjustment for FY2009 for justices and judges of the United States.

Compensation Fairness Act of 2008 - Amends the Internal Revenue Code to: (1) allow an annual inflation adjustment to the $1 million limitation on the tax deduction for employee remuneration; and (2) repeal exceptions to such limitation for remuneration payable on a commission basis and for other performance-based compensation.

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Foreign Service Overseas Pay Equity Act of 2008 - Amends the Foreign Service Act of 1980 to: (1) extend comparability pay adjustments to Foreign Service members assigned abroad; and (2) amend the death gratuity computation payable to surviving dependents of Foreign Service employees who die from injuries sustained in the performance of duty abroad.

Amends the Internal Revenue Code to allow: (1) payment of home school expenses from Coverdell education savings accounts; and (2) an annual inflation adjustment after 2008 to the contribution limit amount for such accounts.

Makes permanent provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 relating to Coverdell education savings accounts, including an increase in the contribution limit amount for such accounts.

Amends the Internal Revenue Code to increase from $16,000 to $30,000 the adjusted gross income limitation applicable to qualified performing artists who are eligible to deduct their performance expenses from gross income (above-the-line tax deduction). Provides for an inflation adjustment to such increased income limitation beginning in 2009.

Family Tax Relief Act of 2008 - Amends the Internal Revenue Code to: (1) increase and make refundable the tax credit for employment-related dependent care expenses; and (2) increase and make permanent the tax deduction for certain expenses of elementary and secondary school teachers.

Makes permanent provisions of the Economic Growth and Tax Relief Reconciliation Act of 2011 which allow: (1) an expanded tax credit for adoption expenses; and (2) an increased exclusion from the gross income of employees for employer-paid adoption expenses.

First Time Property Owners Tax Credit Act of 2008 - Amends the Internal Revenue Code to allow an income-based, one-time refundable tax credit for first-time homebuyers of 5% of the purchase price of real property located in the United States, up to a maximum credit amount of $1,500 ($3,000 for joint returns). Makes such credit applicable to purchases of property on or after January 1, 2008, and before January 1, 2013, and to binding contracts made between such dates to purchase such property before July 1, 2014.

Guarantees a pay increase for uniformed services members for FY2010-FY2013 of 0.5% higher than the Employment Cost Index.

First-Time Homebuyers' Tax Credit Act of 2008 - Amends the Internal Revenue Code to: (1) allow an income-based, one-time refundable tax credit for first-time homebuyers of ten percent of a principal residence's purchase price ($3,000 maximum credit, $6,000 maximum credit for joint filers); (2) allow transfer of such credit (within 30 days of transfer application) as payment towards related downpayment and closing costs; and (3) apply the credit to purchases made on or after January 1, 2008, and before January 1, 2013, and to binding contracts made between such dates, and in which the residence is occupied before July 1, 2014.

Military Pay Improvement Act of 2008 - Waives, during FY2009, the basic military pay adjustment tied to increases in the Employment Cost Index.

Increases, effective January 1, 2009, such basic pay by 3.9%.

Members of Congress Personal Fiscal Responsibility Act of 2008 - Provides that no automatic pay adjustment shall be considered to have taken effect in FY2008 in the rates of basic pay for Members of Congress under the statutory pay system (thus eliminating the automatic pay adjustment for Members for such fiscal year).

Provides that no automatic pay adjustment shall be considered to have taken effect in FY2009 in the rates of basic pay for Members of Congress under the statutory pay system (thus eliminating the pay adjustment for Members for such fiscal year).

Standing with Minimum Wage Earners Act of 2007 - Amends the Fair Labor Standards Act of 1938 to increase the federal minimum wage to: (1) $8.00 an hour, beginning on January 1, 2010; (2) $8.75 an hour, beginning on October 1, 2010; and (3) $9.50 an hour, beginning on July 1, 2011.

Declares that, beginning on July 1, 2012, and adjusted annually each July 1 thereafter, the amount of the minimum wage for the preceding year shall be increased by a percentage equal to that by which the annual rate of pay for Members of Congress increased for such year.

Social Security COLA Protection Act of 2007 - Amends title XVIII (Medicare) of the Social Security Act to limit increases in the monthly Medicare premium, including the Medicare Advantage prescription drug program premium, to 25% of any Social Security cost of living increase.

Social Security COLA Protection Act of 2007 - Amends title XVIII (Medicare) of the Social Security Act to limit increases in the monthly Medicare premium, including the Medicare Advantage prescription drug program premium, to 25% of any Social Security cost of living increase.