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House Cloakroom: October 24 – October 28

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Unread 10.24.11, 08:10 PM
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House Cloakroom: October 24 – October 28

On 10.24.11 02:00 PM posted by Josh Robbins


House Cloakroom: October 24 – October 28
Analysis: This week the House will take up two important changes to the tax code.* The first would change the way income is calculated when with respect to eligibility requirements for certain healthcare tax benefits.* The second would end the 3% withholding on payments to businesses by the government.* This second bill has already failed in a cloture vote in the Senate, but is expected to fair better in the House.

Major Floor Action:

  • HR 2576: *– To amend the Internal Revenue Code of 1986 to modify the calculation of modified adjusted gross income for purposes of determining eligibility for certain healthcare-related programs
  • HR 674: *– To amend the Internal Revenue Code of 1986 to repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities
Major Committee Action:

  • The House Ways and Means Committee will hold a hearing on “US-China Economic Relations.”
  • The House Foreign Affairs Committee will hold a hearing on “Deployment of US Forces in Uganda.”
  • The House Energy and Commerce*Subcommittee on Energy and Power will hold a hearing on “Farm Dust Regulation Prevention Act.”
  • The House Judiciary Committee will hold a hearing on the “Regulatory Accountability Act.”
  • The House Armed Services*Committee will hold a hearing on “Military Retirement Overhaul.”
The Senate will be in recess this week.



http://blog.heritage.org/2011/10/24/...93-october-28/
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