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Cloakroom: Taxmageddon Edition

Posted By Josh Robbins On July 29, 2012 @ 12:00 pm In Ongoing Priorities | Comments Disabled

House Cloakroom: July 30 – August 3

Analysis: This week, the House will take up its bill to avoid Taxmageddon. HR 8 would extend the Bush-era rates for a year and provide for a fast track process to consider tax reform next year. The fiscal cliff represents a real threat to our economy. Find more on the tax increase it will impose on your family here [1].

Major Floor Action:

  • HR 8 [2] – Job Protection and Recession Prevention Act of 2012

Major Committee Action:

  • The House Armed Services [3] Committee will hold a hearing on the “Impact of Sequestration on Defense.”
  • The House Small Business [4] Committee will hold a hearing on the “Impact of CFPB in Small Business.”
  • The House Oversight and Government Reform [5] Committee will hold a hearing on the “Tax Aspects of Affordable Care Act Enforcement.”
  • The House Transportation and Infrastructure [6] Committee will hold a hearing on the “Review of Amtrak Operations.”
  • The House Energy and Commerce [7] Subcommittee on Energy and Power will hold a hearing on “Clean Air Act Implementation.”

Senate Cloakroom: July 30 – August 3

Analysis: This week the Senate will begin by considering a circuit court nomination, despite Minority Leader Mitch McConnell’s (R-KY) invoking [8] the Thurmond Rule. The Thurmond Rule, which is also known as the Leahy Rule because of past support by Senate Judiciary Committee Chairman Patrick Leahy (D-VT), is a Senate tradition that the chamber stops allowing judges through within six months of a presidential election. Heritage’s Brian Darling has a more in-depth explanation here [9]. After voting on the judge, the Senate will return to consideration of the Cybersecurity bill. This bill differs from the House-passed version in that it contains an onerous regulatory scheme. Heritage’s Paul Rosenzweig has policy analysis here [10].

Major Floor Action:

  • Nomination of Rovert E. Bacharach, of Oklahoma, to be a United States Circuit Judge for the Tenth Circuit
  • S 3414 [11] – CSA2012 (Cybersecurity Bill)

Major Committee Action:

After this week, Congress will leave for the August recess. Congress and the Cloakroom will return in September.

Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2012/07/29/cloakroom-taxmageddon-edition/

URLs in this post:

[1] here: http://www.heritage.org/issues/taxes/taxmageddon?query=Taxmageddon

[2] HR 8: http://hdl.loc.gov/loc.uscongress/legislation.112hr8

[3] Armed Services: http://armedservices.house.gov/

[4] Small Business: http://smallbusiness.house.gov/

[5] Oversight and Government Reform: http://oversight.house.gov/

[6] Transportation and Infrastructure: http://transportation.house.gov/

[7] Energy and Commerce: http://energycommerce.house.gov/

[8] invoking: http://www.rollcall.com/issues/57_151/GOP-Begins-Judge-Blockade-215369-1.html?zkPrintable=true

[9] here: http://townhall.com/columnists/briandarling/2012/06/25/the_thurmond_rule_explained/page/full/

[10] here: http://www.heritage.org/research/reports/2012/07/cybersecurity-act-of-2012-revised-cyber-bill-still-has-problems

[11] S 3414: http://hdl.loc.gov/loc.uscongress/legislation.112s3414

[12] Banking, Housing and Urban Affairs: http://banking.senate.gov/public/

[13] Agriculture, Nutrition and Forestry: http://www.agriculture.senate.gov/

[14] Foreign Relations: http://www.foreign.senate.gov/

[15] Commerce, Science and Transportation: http://commerce.senate.gov/public/

[16] Appropriations: http://www.appropriations.senate.gov/

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