Budget Reconiliation Vote Postponed In House!

The House leadership has pulled the budget reconciliation bill from the floor, and postponed the vote until sometime next week. They pulled the bill, which included $54 billion in highly contentious cuts to entitlement spending, because they did not have the votes to pass it. Republican moderates, to whom we owe this victory, held their own against the leadership and the conservative Republican Study Committee on their opposition to ANWR. Many realized stripping it was somewhat pointless becaust it could easily make its way back into the bill in conference with the Senate.

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Budget Talk Tonight

Tonight, two human needs advocates will be on television to talk about budget cuts:
  • Watch CHN Executive Director Deborah Weinstein on the PBS show The NewsHour with Jim Lehrer tonight at 7:00 p.m. (ET). Debbie will be commenting on the House budget reconciliation bill, along with the Heritage Foundation's Brian Riedl.
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    The Ultimate Special Interest

    OMB Watch has published an op-ed, "The Ultimate Special Interest," in today's issue of tompaine.com. The op-ed delves into the details behind today's House vote on the budget reconciliation measure. The bill not only includes "draconian cuts" to human needs services, but when taken with the reconciliation tax bill it actually raises the deficit, completely defeating the GOP's argument that the bill is needed in order to combat massive spending.

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    Finance Committee: Tax Bill Markup Postponed

    The Finance Committee has postponed their markup of the $69 billion tax cut bill, originally scheduled to take place at 10:00 this morning. The markup was postponed because Grassley did not have the support of Republican Olympia Snowe (R-ME), who is opposed to the extension of low tax rates for capital gains and dividends. Apparently committee-only negotiations are taking place to possibly remove the $11 billion, one-year extension to placate Snowe, however this move raises the ire of a number of panel Republicans, especially Sens. Lott (R-MS) and Kyl (R-AZ).

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    ANWR and Offshore Drilling Dropped, Vote Will Be Close

    Late last night House GOP leaders removed language from the budget reconciliation bill on both drilling in Alaska's Arctic National Wildlife Refuge and allowing for offshore oil drilling. Both provisions were widely opposed by House GOP moderates, and the move was made in an effort to pick up votes for the bill, which cuts mandatory spending by $54 billion over the next five years. The provisions were stripped after pressure from the moderates, twenty-six of whom sent a letter to the leadership November 8, arguing their position.

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    Euthanasia and Cloning

    Rep. Boehlert is one member of the House who has the right idea about the budget reconciliation bill -- he opposes the bill because of the ANWR language and because it shows a "disconnect" by trimming spending on low-income programs, only to set the stage for tax cuts for the wealthy.

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    House Budget Reconciliation Vote Tomorrow!

    The House will be voting tomorrow on the $54 billion budget reconciliation measure. The vote is expected to be close, as a number of moderate Republicans have voiced their concerns over cutting Medicaid, including the ANWR provision, and/or not effectively cutting the deficit by passing the bill along with a proposed tax reconciliation measure. All Democrats are opposed to the bill. You need to call your representatives today and talk to them about voting against the budget reconciliation bill. You can reach them by calling 1-800-426-8073.

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    Social Security Dead Until 2009

    Sen. Grassley stated yesterday that "Social Security is probably dead until 2009," according to The Hill. He is the first leader to acknowledge that an overhaul of Social Security will not be achievable in the near future. Grassley told lobbyists and officials in a speech before the U.S. Chamber of Commerce, "I can’t even get consensus among Republicans, so I’m very pessimistic about it in the future."

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    Grassley's Tax Package Faces Opposition

    Grassley's $68.8 billion tax package will face tough opposition in the Senate Finance Committee, and there is a chance the measure will be stalled in committee due to the opposition of Sen. Olympia Snowe (R-ME). Snowe specifically objects to the extension of the tax cut in dividends, and views the inclusion, along with other Democrats, as unnecessary. If Snowe votes with the Democrats, the measure will stall in committee. Ranking member Max Baucus (D-MT) said he doubts Grassley has the votes to approve the package. New York Times: Tax Proposal By G.O.P. Would cut $70 Billion (11.9.2005)

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    Finance Comm. Mark: Tax Relief Act of 2005

    Today the Finance Committee released the Description of the Chairman's Mark of the "Tax Relief Act of 2005," which is scheduled for markup November 10. The proposal outlines nearly $7 billion in tax benefits for businesses and individuals in areas affected by Hurricanes Katrina, Rita, and Wilma. The $7 billion in tax cuts is part of the larger, $69 billion reconciliation tax package that Chairman Grassley is hoping will be passed in the next two weeks. The reconciliation tax bill also:

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