Wyden We Think of That?

In the aftermath of the House earmark disclosure rule adopted last month, the debate about the adequacy of that rule’s scope continues. The rule requires the disclosure only of earmarks with a single ultimate beneficiary. So, critics point out, far more “pork spending” than “tax expenditure” earmarks will be disclosed, since the latter tend to benefit industries and sectors, rather than individuals and single entities. Sen. Ron Wyden (D-OR) said this week in a podcast by the Tax Foundation that he wants to address this imbalance. As reported by

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Estate Tax Putting Mom and Pop Out of Business?

Honestly, I’m a little concerned that the estate tax is hurting family-owned businesses. I read the following in a Wichita Eagle article, and suddenly it really hits home: There are numerous examples where families had to sell their businesses to pay taxes when the founder died and the estate was taxed, often at a rate of 50 percent. This happened to the Joe Robbie family in Miami, forcing the sale of the Miami Dolphins. It tears me up to know that the estate tax is forcing owners of professional football teams to sell their teams because they can’t foot the tax bill. So sad.

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OMB Watch to Unveil www.FedSpending.org

Next Tuesday, Oct. 10, at 9:30 a.m. EST, OMB Watch is launching FedSpending.org, a new, searchable online database allowing you to search, aggregate and analyze all federal spending. Be a more informed voter this midterm election. See which federal programs and agencies got the most federal dollars this year. See which contractors are getting paid how much to work in your congressional district.

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ACORN: Suspected of Voting Registration Fraud

The Association of Community Organizations for Reform Now (ACORN), a well respected advocacy group that has been very actively involved with voter registration drives with a particular focus on low income communities, is now being charged with negligence. In Philadelphia, 3,000 voter registration cards that ACORN submitted were rejected because of missing or invalid addresses and in Denver County about 200 cards were found to have similar handwriting on the signatures. The problems found with ACORN's voter registration cards range from nonexistent addresses to forged signatures.

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Continued Scrutiny of Nonprofit's Role in Politics

BNA Money and Politics (subscription required) reported that the tax-exempt status of charities and other nonprofits will continue to be examined into 2007. On Tuesday the Urban Institute sponsored a forum geared toward nonprofits, at which a Senate Finance Committee aide remarked that the committee will investigate the role of tax code Section 501(c)(3) and 501(c)(4) organizations in politics, including hospitals and universities.

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Possible Recess Appointment for Mine Safety Head

The Senate has now failed to act on the nomination of industry-man Richard Stickler to head the Mine Safety and Health Administration (MSHA) twice. As we reported in February, Stickler is an industry man with a poor track record when it comes to health and safety. According to the United Mine Workers, mines run by Stickler had accident rates double that of the national average for six of eight years, including two fatal accidents at a mine Stickler managed for five years.

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Bernanke on Budget Cuts

Another sign that the Bush Administration may push for "entitlement reform" (read: massive cuts to Social Security, Medicare and Medicaid) after the election. From CongressDaily ($$):

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Extender Discussions

As reported in Congress Daily today, disagreements persist between Senate Finance Committee chair Charles Grassley (R-IA) and House Ways & Means chair Bill Thomas (R-CA) about how to handle the set of popular tax credit extension currently embedded in the "trifecta" legislation. Among the points of contention, if the extender bill were to be considered on a stand-alone basis, are:

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    Independent Sector Says Treasury Misquotes Panel on Nonprofit Sector in Latest Anti-Terrorist Financing Guidelines

    A story about the latest version of Treasury's Anti-Terrorist Financing Guidelines in the Oct. 4 edition of BNA Daily Report for Executives (subscription required) notes that, while practitioners are pleased Treasury dropped language that implies charities are arms of the U.S. government, problems remain.

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    What's Next in Tax Policy?

    Speculation on tax issues from MarketWatch. Policy analysts say sweeping tax-law changes are unlikely in the next two years, no matter whether Democrats gain seats or Republicans retain control in the upcoming election.

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