[Vision2020] House Passes Bill Linking Tax Cuts, Minimum Wage

[Paul Rumelhart]

Just curious...  why do you think that the loophole in question should 
remain open?

Paul

g. crabtree wrote:

> I knew I liked this guy. By the way, Sali's office is readily 
> available from the link you thoughtfully provided by simply clicking 
> on the contact tab on the home page. This will take you to a page with 
> a great big E-MAIL BILL button. I encourage you to take him up on it 
> and offer him a warm and heart felt thank you.
>  
> g
> ----- Original Message -----
> From: "Tom Hansen" <thansen at moscow.com <mailto:thansen at moscow.com>>
> To: "Vision 2020" <vision2020 at moscow.com <mailto:vision2020 at moscow.com>>
> Sent: Saturday, February 17, 2007 6:56 AM
> Subject: [Vision2020] House Passes Bill Linking Tax Cuts, Minimum Wage
>
> > >From Today's (February 17, 2007) Spokesman Review -
> >
> > "The House bill would also raise revenue by closing a loophole that 
> permits
> > wealthy taxpayers to shift income to their children and avoid higher 
> taxes
> > on capital gains and dividends."
> >
> > Representative Bill Sali, who continues to be inaccessible to the 
> citizens
> > of Idaho from his website at http://sali.house.gov/, voted against this
> > bill.
> >
> > -----------------------------------------------------------------
> >
> > House passes bill linking tax cuts, minimum wage
> >
> > Jim Kuhnhenn
> > Associated Press
> > February 17, 2007
> >
> > WASHINGTON - The House overwhelmingly approved business tax breaks worth
> > $1.8 billion over 10 years on Friday, a key step toward forging a
> > congressional compromise on increasing the minimum wage.
> >
> > The vote on the tax cuts was 360-45.
> >
> > Passage of a wage hike for the lowest-paid workers now depends on how
> > quickly the House and Senate work out differences between their tax
> > packages. The Senate tax breaks - worth $8.3 billion - are more than 
> four
> > times bigger than the ones passed in the House.
> >
> > Senate Finance Committee Chairman Max Baucus, D-Mont., said House 
> and Senate
> > negotiators could reconcile differences in the bills within two or three
> > weeks.
> >
> > "The minimum wage provision is going to trump all of this and is 
> going to
> > drive us to get this thing done pretty quickly," Baucus said.
> >
> > Under the House bill, small businesses would see an extension in 
> some tax
> > write-offs that are scheduled to expire and would be able to continue to
> > claim a tax credit for hiring disadvantaged workers. The legislation 
> also
> > would ensure that restaurants, which can deduct Social Security 
> taxes paid
> > on tips above the minimum wage, would not be hurt by the wage hike.
> >
> > The House bill would also raise revenue by closing a loophole that 
> permits
> > wealthy taxpayers to shift income to their children and avoid higher 
> taxes
> > on capital gains and dividends.
> >
> > The House vote displayed the influence the Senate's Republican 
> minority can
> > have on congressional legislation. House Democrats had demanded a 
> minimum
> > wage bill without any tax provisions. Senate Democrats insisted that 
> without
> > some tax relief, the minimum wage would lose necessary Republican 
> backing.
> >
> > Senate Republican officials predicted the final tax package would be 
> closer
> > to the House version than the Senate's. Small business groups have sided
> > with the Senate, but the U.S. Chamber of Commerce is lobbying for 
> the House
> > version.
> >
> > Eager to begin their weeklong Presidents Day recess, lawmakers spent 
> little
> > time debating the tax cuts and acted under expedited procedures that
> > required a two-thirds majority, a threshold the vote easily met.
> >
> > The minimum wage bill had become the new Democratic majority's first
> > legislative challenge. The $2.10 an hour increase - from $5.15 to 
> $7.25 over
> > two years - was a Democratic campaign issue last year and was at the 
> top of
> > the party's legislative agenda. But the bill stumbled when House and 
> Senate
> > Democrats disagreed on the need for tax cuts.
> >
> > With its $8.3 billion tax package, the Senate would extend tax 
> credits and
> > tax write-offs, and provides new tax preferences to certain 
> companies. It
> > also would eliminate some tax shelters and add new taxes on lawsuit
> > settlements and punitive damage payments and on deferred compensation
> > packages for higher paid executives.
> >
> > -----------------------------------------------------------------
> >
> > Seeya round town, Moscow.
> >
> > Tom Hansen
> > Moscow, Idaho
> >
> > "Forty percent of the mass of every tree in the forest is crude 
> oil.  Stop
> > and think about that.  We call them fossil fuels because they used to be
> > live stuff, now is in the ground is turned into crude oil."
> >
> > - Bill Sali (September 21, 2006)
> > http://www.tomandrodna.com/Stuff/Sali_Tree_Energy.mp3
> >
> >
> >
> >
> > =======================================================
> > List services made available by First Step Internet,
> > serving the communities of the Palouse since 1994.  
> >               http://www.fsr.net                      
> >          mailto:Vision2020 at moscow.com
> > =======================================================
> >
>
>------------------------------------------------------------------------
>
>=======================================================
> List services made available by First Step Internet, 
> serving the communities of the Palouse since 1994.   
>               http://www.fsr.net                       
>          mailto:Vision2020 at moscow.com
>=======================================================
>

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