Fatster’s News Roundup from July 29, 2012

By: Monday July 30, 2012 6:15 am

Faster rounds up news articles from around the globe, including stories on Syria’s civil war, Pakistan drone strikes, Leon Panetta, Israel vs CIA, RBS on LIBOR, revolving doors, ALEC, Senate GOP confirmation obstruction, FEC outwitted, school testing fraud, corrupt Florida Senate, Dave Camp, Justice Roberts’ timebomb, minimum wage, Kentucky coal miners, and much more.


House Republican Tax Plan Would Enact Process to Radically Alter Tax Code

By: Sunday July 29, 2012 11:30 am

In the coming days, the House will pass a tax bill that would extend the Bush tax cuts entirely for one year. This stands in slight contrast to a Senate-passed bill that extends the same tax cuts for the first $250,000 of income. But what I didn’t realize is that the House bill will also set up a mandated process for tax reform that would weaken the rules of the Senate in an attempt to fast-track the effort.

The reason that the extension only lasts one year is because of this tax reform process, unveiled by House Ways and Means Committee Chairman Dave Camp.

Payroll Tax Cut Conference Committee on Brink of Failure, Needs Intervention

By: Tuesday February 7, 2012 1:15 pm

The conference committee for the payroll tax cut is on a road to nowhere, and it’s clear that the House and Senate leadership will have to step in if the payroll tax cut, unemployment insurance and the doctor’s fix will get extended beyond the end of the month.

Four Weeks to Payroll Tax Cut/UI Expiration, and Little Movement on Extension

By: Thursday February 2, 2012 5:36 pm

The payroll tax cut and extended unemployment benefits expire on February 29. And though the House-Senate conference committee charged with figuring out a year-long extension met yesterday, there really isn’t a lot of movement toward a solution. Pay-fors seem to be the biggest stumbling block.

McConnell’s Positive Words on Extending Payroll Tax Cut Ignores a Host of Issues

By: Wednesday November 30, 2011 7:00 am

It looks like a blink. Senate Minority Leader Mitch McConnell told reporters yesterday that “I think at the end of the day there’s a lot of sentiment in our conference, clearly a majority sentiment, for continuing the payroll tax relief that we enacted a year ago in these tough times.” But there are many hurdles to overcome before this comes to pass

Super Committee Holds Perfunctory First Meeting

By: Thursday September 8, 2011 3:21 pm

The Super Committee, what we’ve been calling Catfood Commission II, held its first meeting today. There wasn’t much on the agenda, just the internal governing rules of how the committee will proceed, under the direction of co-chairs Patty Murray (D-WA) and Jeb Hensarling (R-TX). Both sides are talking about compromise and the need for action, but a lot of that talk can be dismissed as empty. The fault line that’s starting to emerge is over whether job creation strategies should be part of the Super Committee’s work.

Late Night FDL: Only Tax Cuts For The Rich Create Jobs

By: Saturday August 27, 2011 8:00 pm

Republicans show their collective fannies.

Republicans Choose Their Interchangeable Parts for Catfood Commission II

By: Wednesday August 10, 2011 10:00 am

There were no real surprises among the choices made by John Boehner and Mitch McConnell for the Catfood Commission II. It’s perhaps interesting to note that Paul Ryan didn’t make the cut, but I guess Boehner figured that he’s toxic and therefore not a good face to put on the committee. Instead, Boehner picked two heads of other committees with jurisdiction over health programs and taxes, and made the chair a member of the original Catfood Commission as well as the House Leadership.

Top Republican on Ways and Means Committee Proposes Even Lower Taxes for Millionaires and Corporations

By: Thursday March 17, 2011 10:30 am

If you listen to Republicans (and some Democrats) these days, we’re facing two big problems in this country. One, working people just have it too easy. And two, the wealthy and the powerful are in desperate need of more government assistance.

Liveblog: NAFTA-Style Deal with Korea Gets Hearing Before Ways and Means Committee

By: Tuesday January 25, 2011 7:40 am

Todd Tucker with Public Citizen will be liveblogging the House Ways and Means Committee full committee hearing on the pending free trade agreements with Colombia, Panama and South Korea, and job creation. You can find more details about the panelists scheduled to testify today at the Committee’s site at this link.

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