Four-Year Internet Access Tax Ban Gains

The House Judiciary Committee voted 38-0 yesterday to approve a bill extending the moratorium on the taxation of Internet access, due to expire Nov. 1, for four years, through November 2011. In an OMBW Watcher on the issue published yesterday, Internet Access Tax: The Immodest Moratorium, we noted House hyperbole about the impact of such a tax. The Judiciary Committee's ranking member, Rep. Lamar Smith (R-TX) offered his own yesterday:

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Despite 'Yea' Vote, Price Works to Stop SCHIP Expansion

Rep. Deborah Pryce (R-OH) is circulating a letter among her 45 Republican colleagues who voted for SCHIP expansion criticizing Democrats for failing to give into the president's demand that more children go without health insurance. Matthew Yglesias is right on here: Thus Pryce et. al. get to signal to their child-hating paymasters that, despite their [yea] vote, they have big businesses [sic] back and are doing the very most they can within the confines of objective political constraints to make sure that working and middle class families get no help with their health care.

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Fiscal Responsibility Prevails in House Estate Tax Vote

The reality of a $10 trillion national debt -- and the realization that a tax paid by the 30 thousand richest Americans (out of 300 million) helps contain it -- prevailed in yesterday's 212-196 House vote defeating a measure to repeal the estate tax. Not everyone sees it this way, of course. Among the unreconstructed fiscal ostriches is House Republican Whip Roy Blunt (MO), who commented after the vote that the estate tax is

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House Passes Repeal of Private Tax Collection Program!

Great news- the House just passed HR 3056, which would repeal the program that privatizes tax collection. It won approval by 232-173 (roll call). The Bush administration says it will veto the bill. And the Senate has not begun serious work on a counterpart. But this is a necessary and big step forward nonetheless!

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Rangel Baffled by Reid, with Reason

Or by Birnbaum, with an Assist by Industry Per this afternoon's Congress Daily ($) House Ways and Means chair Rangel (D-NY) spoke out about yesterday press reports (see our comment) that Senate Majority Leader Harry Reid (D-NV) has told industry officials that carried interest will not come before the Senate this year: I don't see how he could say that. ... It would be wrong to say that we're not looking at the discrepancy that exists between partnerships and corporations on the management of equity funds.

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Walter Pincus Is The Best Reporter At The Washington Post, They Need To Stop Burying His Articles

I don't know how I missed this article on Blackwater and all the taxpayer money it wastes in exorbitant wages and profits. Plus, there's this little gem about military wages: An unmarried sergeant given Iraq pay and relief from U.S. taxes makes about $83 to $85 a day, given time in service. A married sergeant with children makes about double that, $170 a day.

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Deficits, War and Trade-Offs

It is done: the deficit for FY2007 was $161 billion. Strangely, the President has yet to proclaim "mission accomplished" for "reducing" it from the inflated estimate he gave in his budget- $244 billion. Perhaps he isn't bragging because he didn't reduce it (or perhaps not).

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Death of Environmentali$m

When Ted Northouse and Michael Schellenberger wrote "Death of Environmentalism," it got people throughout the progressive policy community thinking about what might be wrong with their strategy for pushing policy. They've turned that article into a book that just came out. In it they put forward what they believe to be a politically viable way to solve global warming. TPM Cafe is currently debating it.

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CBO: $160 Billion Budget Deficit in FY 2007

CBO estimates that the federal budget deficit for FY 2007 was $160 billion, or 1.2 percent of the size of the overall economy. This figure represents about an $87 billion decline from the FY 2006 deficit of $248 billion, which was 1.9 percent of the economy. CBO's Monthly Budget Review, October 2007

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House To Vote On IRS Private Tax Collectors

This Thursday, the House is scheduled to take a floor vote on a bill to repeal the IRS private tax collection program.

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