Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

CD081: The July Bills

CD081: The July Bills

FromCongressional Dish


CD081: The July Bills

FromCongressional Dish

ratings:
Length:
29 minutes
Released:
Oct 17, 2014
Format:
Podcast episode

Description

In this episode, we look at the bills that passed the House of Representatives in July but haven't yet become law. Topics include tax cuts, student loans, education, Hezbollah, and pesticides in our water. Please support Congressional Dish: Click here to contribute with PayPal or Bitcoin; click the PayPal "Make it Monthly" checkbox to create a monthly subscription Click here to support Congressional Dish for each episode via Patreon Mail Contributions to: 5753 Hwy 85 North #4576 Crestview, FL 32536 Thank you for supporting truly independent media! H.R. 4718 Permanent Bonus Depreciation Tax Cut Brings back a tax cut that expired on December 31, 2013 and makes it permanent. The cut they want to make permanent is for upgrading the inside of retail stores. Expands the tax cuts to include deductions for "trees and vines bearing fruits and nuts". Gives corporations more choices about how they'd like to get taxed. The effects of this bill won't be counted in the PAYGO budget. CBO Score: "Enacting H.R. 4718 would reduce revenues, thus increasing federal budget deficits, by about $287 billion over the 2014-2024 period." Article: New Estimate Puts Rising Big Dig Costs at $24.3 billion. July 2012. The bills passed the House of Representatives on July 11 by a vote of 258-160. Only two Republicans voted against it: Retiring Rep. John Campbell of Orange County, CA Rep. Walter Jones of North Carolina The bill was written by Rep. Patrick Tiberi of Ohio's 12th district. H.R. 4195 Federal Register Modernization Act Says that copies of the Federal Registrar don't need to be printed on paper. CBO Score: It would have no effect on the Federal budget. Passed the House of Representatives on July 14 by a vote of 386-0. Written by Rep. Darrell Issa of southern California's 49th district H.R. 4719 America Gives More Act of 2014 Eliminates the tax deduction for donating stuffed actual animals to charity. Increases the charitable deduction limit for food donations from 10% of a person's net income to 15%. Charitable donations that exceed the cap can be carried over for five years. This would be effective for 2014 taxes. Makes permanent a tax cut that expired in 2013 for charitable contributions direct from retirement funds. Makes permanent tax credits for charitable donations towards conservation and tax credits for corporate farmers and ranchers. Allows people to claim charity deductions for a year that is over if the donation happens before tax day. Cuts the excise tax rate for private foundations investment income in half. The effects of this bill the budget will not be counted in the PAYGO budget. CBO Score: "enacting H.R. 4719 would reduce revenues, thus increasing federal budget deficits, by about $1.9 billion over the 2014-2024 period" The bill passed the House of Representatives on July 17 by a vote of 277-130. The bill was written by Rep. Tom Reed of New York's 23rd district H.R. 4450 Travel Promotion, Enhancement, and Modernization Act of 2014 Changes the board of directors of Brand USA - a non-profit organization that advertises U.S. tourism - from being made up of travel industry specialists to one made up of entirely of executives, with five seats reserved for people with ties to multinational corporations. It eliminates the seat for the specialist in intercity passenger rail. Extends the authorization for the government to spend $100 million per year on Brand USA through 2020. Extends the Travel Promotion Fee - a $10 fee charged to people who get a visa to travel into the United States - until 2020. CBO Score: The bill would decrease the deficit by $231 million over the next ten years. Passed the House of Representatives on July 22 by a vote of 347-57 Written by Rep. Gus Bilirakis of Florida's 12th district H.R. 4411 Hezbollah International Financing Prevention Act of 2014 Prohibits United States banks from completing large financial transactions for Hezbollah. The worst penalty for completing
Released:
Oct 17, 2014
Format:
Podcast episode

Titles in the series (100)

Congressional Dish is a twice-monthly podcast that aims to draw attention to where the American people truly have power: Congress. From the perspective of a fed up taxpayer with no allegiance to any political party, Jennifer Briney will fill you in on the must-know information about what our representatives do AFTER the elections and how their actions can and will affect our day to day lives. Hosted by @JenBriney. Links to information sources available at www.congressionaldish.com