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 to cut off debate July 27 and move the bill to a floor vote.
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 key to improving the nation’s long-term fiscal outlook.
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 organizations to issue a Form 1099 to vendors from whom they buy goods totaling $600 or more annually.
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 the last three years.
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 and reviewing lobbying registration and disclosure reports.