THE R&P REPORT ™ Vol. 14 No. 2-1 A Review and Preview of Congress Today A Service of NATIONAL WRITE YOUR CONGRESSMAN 2435 N. Central Expressway, Ste. 300, Richardson, TX 75080 214-342-0299 www.nwyc.com Monday, January 18, 2010 REVIEW Health Care Bill (H.R.3590) (HR 3962) A compromise version of an excise tax on high-cost health insurance plans has won Banking Fee Proposal: Lawmakers are support from organized labor, pushing law- considering President Obama’s proposal to makers closer to a final deal on a health impose a fee on the banking industry to recover care overhaul. taxpayer bailout funds. While many GOP Under the compromise, the tax would kick in members are against it, saying that banks won’t for health plans costing $8,500 for individu- be able to loan more money if a tax is levied on als and $23,000 or more for family coverage them, many Democrats are speaking out in favor beginning in 2013. That threshold would still of it. (H.R.1586) rise at inflation plus 1 percentage point, as in PREVIEW the Senate bill. Unions with collective bar- gaining agreements would have a five-year Terrorism: Congress is considering whether to grace period before their insurance tax, in fund the deployment overseas of full-body 2018. While a number of issues apart from scanning equipment that might have detected the the financing provisions remain to be re- explosives that a would-be Christmas Day solved, the bill is expected to be sent to the bomber brought on board an airliner. Each President for a signature this week. machine costs $150,000. Click here to voice your opinion on this issue. Taxes in Health Care Bill: To pay for most of its costs, the House health care bill in- Jobs Legislation: Powerful business lobbies are cludes a 5.4 percent surtax on the adjusted urging senators to rethink the House-passed gross incomes of individuals making more $154 billion jobs bill that included using TARP than $500,000 and married couples making funds for infrastructure projects and extensions of more than $1 million. The Senate health expanded unemployment benefits and health care bill includes an excise tax on costly in- care coverage for laid-off workers. (H.R.2847) surance plans and would increase the 1.45 percent Medicare payroll tax by 0.9 percent- Bill to Deter Vertical Price Fixing: A House age points for individuals earning more than committee approved legislation that would make it $200,000 and couples earning more than a violation of antitrust laws for retailers, $250,000. wholesalers and distributors to set pricing floors for their products. “Whenever retailers compete Negotiators are trying to reach a compro- aggressively on price, the consumer mise on which tax provisions will be included unquestionably wins,” the Courts and Competition in the final version of the legislation. Policy Subcommittee Chairman said. (H.R.3190) Federal Income Tax Rates: Lobbyists are urging Tax Break for Haiti Efforts Sought: Senators Congress to hold federal income tax rates at their from states with large Haitian populations have current levels. They are warning lawmakers that proposed tax legislation designed to encourage the tax increases will be a primary issue in the donations to earthquake relief efforts in Haiti. 2010 elections. Donation limits would be waived under the bill. Congress did the same in the aftermath of The House and Senate are expected to continue Hurricane Katrina in 2005 to encourage work on preparing health care legislation for the contributions to the Gulf Coast rebuilding effort. Presidents’ signature. The Senate will be (H.R.4213) considering jobs legislation.
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