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Unemployment Benefits Extension Could Clear Senate This Week
(Feb. 28, 2010)

After failing last week to move a House-passed bill providing for a monthlong extension of unemployment insurance benefits, Senate Democratic leaders this week may decide to attach the language to a popular tax extenders package. The current extension of unemployment benefits expires today.


House Leaders Schedule Final Vote on Debt Limit Hike, PAYGO Rules
(Jan. 31, 2010)

The House this week will vote on whether to send President Obama a $1.9 trillion increase in the federal debt limit along with statutory pay-as-you-go (PAYGO) language requiring Congress to fully offset the cost of new tax cuts or spending increases for "mandatory" programs such as Medicare and Social Security. The Senate approved the debt limit and PAYGO provisions on Thursday as a substitute amendment to the House-passed proposal to raise the ceiling by $635 billion.


Hoyer: Job Creation, Fiscal Restraint Top House's Legislative Agenda for 2010
(Jan. 26, 2010)

Enacting a jobs bill and budget reform legislation will top House Democratic leaders' legislative agenda during the second session of the 111th Congress. "It is crucial to get a jobs bill to the president’s desk as soon as possible," House Majority Leader Steny Hoyer (D-MD) said Tuesday during a speech to the National Press Club. He added that Democrats aim to send the White House a "strong" pay-as-you-go (PAYGO) measure requiring any new entitlement spending or tax cuts to be fully offset by other spending reductions or revenue increases so the deficit does not go up.


Congress Moving Swiftly on Accelerated Tax Break for Haiti Relief Contributions
(Jan. 21, 2010)

House and Senate lawmakers are moving swiftly on legislation that would allow Americans who donate cash for earthquake relief efforts in Haiti to record these contributions as charitable deductions for the 2009 tax year. The window to qualify for the accelerated tax break is Jan. 11 to Mar. 1, 2010. Those who text message their donation can use their phone bill as proof to the IRS of the donation.


                                     

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