Pomeroy Estate Tax Bill Passes House

The Estate Tax Love Boat

As expected, the House brought up the Pomeroy estate tax bill this afternoon, and the legislation passed by a narrow score of 225 to 200. The bill passed mainly along partisan lines, but 26 Democrats joined the Republican caucus in opposition to the measure. Nine House members did not vote. With passage by the House, the bill now has to make it through the gauntlet that is the Senate.

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OMB Watch Releases New Recovery Act Database

OMB Watch just released a beta version of a new database on FedSpending.org that gives the public improved access to and searchability of Recovery Act recipient report data. The database allows users to search the 160,000 reports from recipients, showing almost $159 billion in spending, which we downloaded from Recovery.gov.

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Non-Newsworthy CBO Recovery Act Report is Big News

In a non-exciting turn of events, a routine report from the Congressional Budget Office, Congress's non-partisan budget analysis arm, has set off another round of fighting over Recovery Act job creation.

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House Set to Vote on Pomeroy Estate Tax Bill

The Biltmore Estate

The House plans to take up estate tax reform as early as tomorrow with a vote on Rep. Earl Pomeroy's (D-ND) Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009 (H.R. 4154). The Pomeroy bill would permanently extend current estate tax law at a $7 million exemption for couples at a 45 percent rate. Without congressional action this year, the estate tax will expire in 2010 and then come back in 2011 under its pre-Bush tax cut levels of a $2 million exemption for couples at a 55 percent rate. OMB Watch has submitted a statement of support to Rep. Pomeroy's office, and several other non-profits have come out with reports to back up the legislation.

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On the Deficit, Pelosi Gets It

Speaker Nancy Pelosi (D-CA)

Just before the Thanksgiving break, Speaker Nancy Pelosi (D-CA), during a conference call with reporters, trumpeted the need for more job-creating legislation in spite of the growing deficit, and, thereby, continued to throw cold water on some congressional members' aspirations to begin tackling the country's debt.

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House Committee to Hold Hearing on Army Contracting Scandal

U.S. Army

Back in August, I wrote a post on a WaPo article about George Raymond, a former Army official with the Communications-Electronic Command (CECOM), and allegations that Raymond steered government contracts to his friends and then broke ethics rules by taking a comfortable job in the contracting industry afterwards. The Post is now reporting that the House Oversight and Government Reform Committee – which has been investigating the matter since the story broke – recently requested all documents, emails, and material related to the $200 million worth of CECOM technology contracts that Raymond allegedly steered to friends.

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OFPP Nominee Confirmed

The Office of Management and Budget

This past Saturday evening, the Senate took a break from considering health care insurance reform to confirm Daniel Gordon to be the next administrator of the Office of Federal Procurement Policy (OFPP). President Obama nominated Gordon on Oct. 2. A former deputy general counsel of the Government Accountability Office (GAO), Gordon will face several challenges as soon as he begins his tenure.

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CBPP Report Brings Clarity to Recovery Act Debate

A new report by the Center on Budget and Policy Priorities makes five key points about the Recovery Act that should be repeated over and over, as opponents of federal aid to victims of the Great Recession dig trenches in preparation for combating future relief.

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After the Hearing: Notes on Stimulus Oversight

As I mentioned in my post yesterday, the House Oversight and Government Reform Committee held its first stimulus oversight hearing in months today, this one focused on reviewing the first round of recipient reporting under the Recovery Act. The hearing featured testimony from Earl Devaney, Chairman of the Recovery Board, Gene Dodaro, Acting Comptroller General of the Government Accountability Office, and undersecretaries from the Departments of Education and Transportation. Here's a quick breakdown of the few news nuggets from Dodaro and Devaney in today's hearing:

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House to Hold Recovery Act Oversight Hearing Tomorrow

In case it wasn't clear in my last post, tomorrow, Nov. 19, the House Oversight and Government Reform Committee will be holding a stimulus oversight hearing. It will be the Committee's fifth Recovery Act hearing, the first serious stimulus oversight hearing in Congress since this past July. The hearing, called "Tracking the Money: How Recovery Act Recipients Account for Their Use of Stimulus Dollars," has the usual cast of characters, in that both Earl Devaney, Chairman of the Recovery Board, and Gene Dodaro, Acting Comptroller General of the Government Accountability Office, will both be testifying, along with representatives from the Departments of Transportation and Education. Hopefully the hearing will be better than the last Congressional hearing on the Recovery Act, which wasn't all that useful.

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