Tuesday, May 25, 2010
GOP wants website to put policy in hands of voters
If you could Tweet Congress, would you? What issues would you like the House to focus on during this election year? Would you interact on a website that is read by actual government officials? To encourage this type of community and conversation, the House of Representatives’ Republicans are going to launch a new website on Tuesday, June 1st. The new GOP website, Americaspeakingout.com, will make the Republican 2010 midterm policy agenda accessible to Americans. It will also use different types of social media so that Americans can interact and talk about what policies they think Congress should be working on.
According to CNN.com, “the new GOP website is an official government project, supported by leadership staff and funded with taxpayer dollars.” The website aims to give control to voters, and was a team effort by the GOP and Microsoft. After creating a profile, users will choose their username and accumulate “points” every time they submit an idea or engage in an online debate. This will encourage people to visit the website and get involved in politics. California Republican Representative Kevin McCarthy stated that the feedback leaders get from the site will lead to the development of legislation that Republicans will try to enact this year.
Read the full article here.
Thursday, July 02, 2009
National Taxpayer Advocate Submits Mid-Year Report to Congress
The IRS posted a new press release recently announcing that the National Taxpayer Advocate Service (TAS) had delivered their mid-year report to congress earlier this week. In the report, the TAS emphasizes the importance of tax preparer oversight, improving taxpayer services, improving access to the offer in compromise program, and improving the IRS’s ability to effectively deliver refundable tax credits. You can read a segment of the release below, but the full text can be read by visiting the IRS’s newsroom.
The report notes that FY 2010 will mark the ten-year anniversary of the Taxpayer Advocate Service, which began operations in March of 2000. “As TAS enters its tenth year, both TAS and the IRS face a difficult environment for achieving what is, in essence, the same mission – ensuring that the IRS treats taxpayers fairly and identifying ways to increase voluntary compliance while addressing noncompliance,” Olson said. She identified the collection of tax revenue at a time when “increasing numbers of taxpayers have difficulty paying their daily living expenses” as a principal challenge.
The Advocate’s report, which is required by law, sets out the objectives of the Office of the Taxpayer Advocate for the upcoming fiscal year and provides substantive analysis of issues and statistical information. Among the areas the report identifies for particular emphasis in FY 2010 are the following:
Tuesday, June 09, 2009
Understanding The House Democrats’ Health Care Bill
Political blog KeithHennessey.com recently published an in-depth analysis on understanding the House Democrats’ new health care bill. I’ve included a clip from the article below, but be sure to check out his full post here.
Yesterday I posted and described the draft Kennedy-Dodd health care bill. Today I would like to do the same for an outline produced by House Democrats.
Here is a three-page outline of “Key Features of the Tri-Committee Health Reform Draft Proposal in the House of Representatives,” dated yesterday (June 8, 2009).
The three committees are:
The House Ways & Means Committee, chaired by Rep. Charlie Rangel (D-NY). The Health Subcommittee is chaired by Rep. Pete Stark (D-CA).
The House Energy & Commerce Committee, chaired by Rep. Henry Waxman (D-CA). The Health Subcommittee is chaired by Rep. Frank Pallone, Jr. (D-NJ).
The House Committee on Education & Labor, chaired by Rep. George Miller (D-CA). The Health, Employment, Labor and Pensions Subcommittee is chaired by Rep. Robert Andrews (D-NJ).
The document suggests this is a joint product of the three committees and/or their subcommittees. My sense, however, is that it is Speaker Pelosi who is driving the bus. This is in contrast to the Senate, where the committee chairmen (Kennedy/Dodd and Baucus) appear to have the pen, in less well-coordinated efforts.
Kennedy-Dodd and the House bill outline are remarkably similar. Whether this represents House-Senate coordination or parallel thought processes is unclear.
I think the easiest way for me to present the House bill outline is in comparison with the Kennedy-Dodd bill. So here my description from yesterday of the Kennedy-Dodd bill, with today’s comparison to the House bill outline in red. I hope it’s comprehensible and useful this way. If you read yesterday’s post, you can skim the text in black and focus on the new text in blue.
Here are 15 things to know about the draft Kennedy-Dodd health bill and the House bill outline.
1. The Kennedy-Dodd bill would create an individual mandate requiring you to buy a “qualified” health insurance plan, as defined by the government. If you don’t have “qualified” health insurance for a given month, you will pay a new Federal tax. Incredibly, the amount and structure of this new tax is left to the discretion of the Secretaries of Treasury and Health and Human Services (HHS), whose only guidance is “to establish the minimum practicable amount that can accomplish the goal of enhancing participation in qualifying coverage (as so defined).” The new Medical Advisory Council (see #3D) could exempt classes of people from this new tax. To avoid this tax, you would have to report your health insurance information for each month of the prior year to the Secretary of HHS, along with “any such other information as the Secretary may prescribe.”
The House bill also contains an individual mandate. The outline is less specific but parallel: “Once market reforms and affordability credits are in effect to ensure access and affordability, individuals are responsible for having health insurance with an exception in cases of hardship.”
2. The Kennedy-Dodd bill would also create an employer mandate. Employers would have to offer insurance to their employees. Employers would have to pay at least a certain percentage (TBD) of the premium, and at least a certain dollar amount (TBD). Any employer that did not would pay a new tax. Again, the amount and structure of the tax is left to the discretion of the Secretaries of Treasury and HHS. Small employers (TBD) would be exempt.
The House bill outline also contains an employer mandate that appears to parallel that in Kennedy-Dodd: “Employers choose between providing coverage for their workers or contributing funds on behalf of their uncovered workers.”
Blog Archive
-
▼
2011
(298)
-
▼
April
(58)
- Fraudulent Tax Returns Surge 181%
- Mortgage Denied: Sometimes, for No Good Reason
- Start at the IRS to Find a Missing Child
- Obama Takes Tax Plan to Facebook Billionaires
- Missed the Tax Deadline? Here's My Advice
- 5 Homebuying Traps to Watch For
- 45% Don't Owe U.S. Income Tax
- Michele Bachmann Tax Day Rally Draws Sparse Crowd
- Obama Made $1.7 Million in 2010, Paid $453,770 Tax
- Where to Get Your Tax Day Freebies and Discounts
- How You Should Talk So the IRS will Listen
- Tax Breaks for the Unemployed
- Questions for the Tax Lady: April 18th, 2011
- World Bank: Food Prices have Entered the 'Danger Z...
- Foreclosure Filings Plunge in First Quarter
- Dollar Weakens After Unemployment Claims Rise
- 7 Best Cards for Bad Credit
- Can’t File on Time? Get an Extension until Oct. 17
- Stocks Edge Higher after Obama Speech
- Obama Calls for Cutting Tax Breaks to Raise $1 Tri...
- 5 Tips to Save Money on Taxes
- 10 Tips to Save Money This Spring
- Obama Urged to Protect Social Security
- Why do People Cheat on Their Taxes?
- 10 Tax Goofs Many of Us Keep Making
- US Lacks Credibility on Debt, says IMF
- Top Tax Breaks for Entrepreneurs
- How are YOU Spending YOUR Refund?
- Ozzy and Sharon Osbourne Owe Nearly $2 Million to ...
- Obama Puts Taxes on Table
- Trump Proposes Massive Onetime Tax on the Rich
- Don’t Fall Prey to the 2011 Dirty Dozen Tax Scams
- How to Take a 100% Tax Write-Off for a New Porsche...
- Top 20 Tax-Procrastinating Cities
- Questions for the Tax Lady: April 11th, 2011
- General Electric's Aggressive Tax Strategy
- Remember That $7,500 First-Time Home-Buyer Credit?
- HSBC Records on American Clients with Accounts in ...
- Taxpayer Alert: The Coming Postal Service Bailout
- JPMorgan CEO Says Rich Should Pay "Lion's Share" o...
- Married Gay Couples "Refuse to Lie" on Tax Forms
- Prices are Low! Mortgages Cheap! But You Can't Get...
- IRS Announces Qualified Disaster Treatment for Japan
- House Republican Budget Calls for 25% Top Individu...
- White House States Opposition To Energy Tax Preven...
- Turn Your House into a Billboard, Get Free Mortgage
- 11 Last Minute Tax Tips
- US Government Spent More than Eight Times its Mont...
- McDonald's Wants to Fill 50K Jobs on Hiring Day
- New York Times Gives False Information on General ...
- IRS Files Tax Lien Against Lil Wayne
- IRS Expands and Makes Permanent It's Compliance As...
- We're Getting a $54,000 Tax Refund!
- Red Flag Watch: Tips to Avoid Tax Audits
- Questions for the Tax Lady: April 4th, 2011
- GE Explains Their Tax Rate
- Shutdown Would be Tricky for IRS, Commissioner Says
- Four Spring Tune-up Tips for Your IRA
-
▼
April
(58)