AMT Patch, Extenders, Offsets Mark-Up Set for Nov. 1

Thursday, Nov. 1, at 11:00 a.m., the House Ways and Means Committee will conduct a mark-up of the Temporary Tax Relief Act of 2007 -- the short-term portion of the broad tax reform bill that Committee chair Rangel unveiled last week. It provides both for a one-year patch for the AMT and for a package extending a number of popular tax credits and deductions for two years.

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He Wouldn't Veto That, Would He?

The Wall Street Journal (subscription) reports that there's a new budget strategy- tie the Defense, Veterans Administration, AND Labor/HHS/educaction bills together, and send them to the president. The package, which combines three bills into one, would total almost $675 billion in discretionary spending for the fiscal year that began Oct. 1. Of this, more than 70% is defense-related. The rest is expected to incorporate about $14 billion more for domestic priorities than Mr. Bush has requested.

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Communicating about Poverty/Inequality: A Constant Work In Progress

Inclusion put out a new report on communicating a compelling anti-poverty message, and, as anyone who follows this debate might expect, the American public isn't that keen on addressing poverty when it's defined as such. But to me, the report had a few surprising findings. First, the public isn't that receptive to messages that redefine the poor as "deserving" workers. Given these findings, the authors suggest that in appeals to the public, instead of emphasizing personal stories about the poor, advocates should focus on systemic and institutional reasons for poverty that are beyond the control of individuals. As I review later, other researchers have arrived at very similar conclusions. In addition, this research suggests that the label "working poor" may itself be problematic. Given a cultural belief that if people are industrious they will succeed, this term sounds somewhat contradictory, and is likely to trigger confusion and negative connotations, especially among those Americans who have a strong "belief in a just world."

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Reform Risks Tsk from Those Who Nix Paying for Fix

The "mother of all tax bills" that House Ways and Means Chair Charles Rangel (D-NY) unveiled last week (see our summary), an effort to fix the Alternative Minimum Tax, provides an easy target for those fixated on how it complies with the House PAYGO rules and see the "mother of all tax hikes." That talk is cheap, but expensive in the long run. PAYGO compliance spares the country increases in the national debt and accompanying debt service costs.

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Former Social Security Commissioner: No Cuts Necessary

Robert Ball, the former commissioner of Social Security under Kennedy, Johnson, and Nixon, takes issue with the claim that Social Security balance requires benefit cuts. Why? Times have changed. In the Oct. 19 editorial " Mr. Giuliani's No-Tax Pledge," The Post stated: "It's no more responsible for Republicans to rule out tax increases [to strengthen Social Security] than it is for Democrats to insist on no benefit cuts." The Post praised, as a "bipartisan blend," President Ronald Reagan's acceptance of a 1983 fix that included both.

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The Chutzpah Of The Privatizer

Tyler Cowen attempts to minimize the difference between contractors and government in a piece in the Sunday New York Times. A few selected paragraphs from it: ALLEGATIONS of misbehavior by employees of Blackwater USA in the shooting deaths of 17 Iraqis have brought the military's use of private contractors into question. But whatever the possible sins of the Blackwater firm, the overall problem is not private contracting in itself; contractors do not set the tone but rather reflect the sins and virtues of their customers, namely their sponsoring governments...

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Boehner Believes

House Minority Leader Rep. John Boehner (R-OH) believes ($) in the Great Pumpkin.

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Senate Suffers Seven-Year Internet Itch

Last night, the Senate adopted a seven-year extension of the internet access tax moratorium by voice vote. Seven years? Why not 11 or 13, which are also prime numbers. How was this number settled on and how did it win approval from Sens. Tom Carper (D-DE) and Lamar Alexander (R-TN), both of whom sought a four-year limit to the ban? Carper and Alexander offered this, by way of "explanation":

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Blackwater Shows That The Market Works!

In the Guardian, Greg Anrig has a comprehensive look at rightist ideology and how its been neither efficient nor effective in practice.

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Transparency

You don't even have to read between the lines to understand that the president is opposed to providing health insurance to children. ...I was disappointed by what Congress had been doing...This week, the majority in the House passed a new SCHIP bill that costs more over the next five years than the one I vetoed three weeks ago. It still moves millions of American children who now have private health insurance into government-run health care. It raises taxes to pay for it.

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