Frist Comments on Estate Tax Timeline

In a speech on February 10 before the Conservative Political Action Conference, Majority Leader Bill Frist (R-TN) says he plans to bring estate tax repeal legislation to the floor in May. The Senate had a cloture vote scheduled on the House bill last September, but it was postponed after Hurricane Katrina hit. Lawmakers on both sides of the aisle have expressed skepticism in the past that a vote on full repeal would be able to garner the 60 votes necessary to pass.

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Sorry, Mac User: No Grants.gov For You!

A Washington Post article on the problems of grants.gov. From the Post: The new "Grants.gov" system, under development at a cost of tens of billions of dollars, aims to replace paper applications with electronic forms. It is being phased in at the National Institutes of Health, Department of Housing and Urban Development and other federal agencies. All 26 grant-giving agencies are supposed to have their application processes fully online by 2007.

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LA Times Article Detailing Abramoff's Misuse of Charities

LA Times article on Jack Abramoff's misuse of charities. It details how Abramoff misused the charities that he associated with.

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McCain Introduces Bill Against Earmarks

Sen. John McCain (R-AZ) introduced a bill yesterday -- called the "Pork Barrel Reduction Act" -- meant to crack down on the use of earmarks in appropriation bills and conference reports. The bill would allow senators to oppose earmarks by raising a point of order. Senate rules require 60 votes to waive a point of order, and if one is waived the earmark would stay in the bill or conference report. The bill is being co-sponsored by Sens. Russ Feingold (D-WI) and Evan Bayh (D-IN), and it would also:

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    Details of the 141 Programs Bush Wants to Cut

    Yesterday the Office of Management and Budget detailed its plan to terminate or reduce funding for 141 federal discretionary programs, saying that these cuts could free up to $14.7 billion in spending. The document, which also details Bush's plan to cut $71.1 billion from mandatory programs over five years, can be seen here.

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    The Real Problem With The 2007 Budget

    Much has been made of the secret computer run published in the Washington Post yesterday that shows detailed and substantial program cuts over the next five years and the contrast between proposed increases for defense and military spending and cuts to pretty much every other domestic investment (read here, here, here, and here).

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    President's Budget Includes Charitable Incentives

    President Bush, in his FY07 budget proposal released on Monday, asked for $7.65 billion over ten years in tax incentives for charitable giving. The incentives include an IRA charitable rollover proposal. The President’s IRA rollover proposal would allow people over the age of 65 to donate money from qualifying individual retirement accounts to charity without penalty. This differs from the IRA rollover provision included in S. 2020 — a person must be age 70 ½ to take advantage of the Senate-passed provision.

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    Group of Senators Move Towards Earmark Reform

    From CQ: A bipartisan group of 10 senators led by John McCain, R-Ariz., on Thursday announced they were introducing legislation designed to curb the use of earmarks in spending bills. Their measure, backed by eight Republicans and Democrats Russ Feingold of Wisconsin and Evan Bayh of Indiana, would allow senators to raise a point of order against unauthorized appropriations earmarks. Sixty votes would be needed to overcome the point of order and keep the earmarks in a spending bill.

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    Discrepancy in Budget Reconciliation Bill Causes Problems

    The budget reconciliation bill passed by the House on February 1 was apparently different from the bill that was sent to President Bush for his signature. The discrepancy between the bills involves a provision that was intended to allow Medicare beneficiaries to purchase home-oxygen devices as opposed to paying endless rental fees. However, a clerical error made during the enrollment of the bill changed the policy to apply to practically all medical equipment. House and Senate aides are pointing fingers at each other for this change.

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    Dems Seek Public Financing

    From the Hill newspaper: Senate Democratic Whip Dick Durbin and Sen. Chris Dodd, the ranking Democrat on the Rules Committee, said yesterday that they will push for public financing of federal elections. The revelations follow public financing proposals that two senior House Democrats unveiled late last month.

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