29 July Bookmark and Share

Disclose Act Falls Short in Senate

[caption id="" align="alignright" width="450" caption="Senator Harry Reid"][/caption] Senate Majority Leader Harry Reid (D-NV) kept his promise to bring the DISCLOSE Act to a vote before the August recess, but he came up three votes shy of the 60 he need ...

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Category: Economic Recovery

29 July Bookmark and Share

Fiscal Panel Talks Social Security, Tax Breaks

[caption id="" align="alignright" width="228" caption="Maya MacGuineas"][/caption] President Obama’s fiscal commission met again July 28 and looked for common ground on two areas – tax breaks and Social Security – that most budget experts feel are ...

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Category: Economic Recovery

29 July Bookmark and Share

Johanns Pushes Repeal of 1099 Paperwork Mandate

[caption id="" align="alignright" width="297" caption="Sen. Mike Johanns"][/caption] Sen. Mike Johanns (R-NE) has introduced a bill that would repeal a costly tax reporting provision in the new health care bill requiring all businesses and tax-exempt ...

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Category: Economic Recovery

29 July Bookmark and Share

IRS Offers Filing Relief to Small Charities

[caption id="" align="alignright" width="432" caption="Doug Shulman"][/caption] The IRS has instituted a one-time relief program for small nonprofit organizations at risk of losing their tax-exempt status because they failed to file an annual return for ...

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Category: Economic Recovery

29 July Bookmark and Share

Kilroy Bill Would Impose Fee on Lobbyists

[caption id="" align="alignright" width="500" caption="Rep. Mary Jo Kilroy"][/caption] Rep. Mary Jo Kilroy (D-OH) introduced a bill last week that would impose an annual $50 fee on federal lobbyists to fund the congressional offices charged with processing ...

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Category: Economic Recovery