|House Meets At:||First Vote Predicted:||Last Vote Predicted:|
10:00 a.m.: Legislative Business
Five “One Minutes”
|12:00 – 12:30 p.m.||12:30 – 1:00 p.m.|
H.Con.Res. 105 – A concurrent resolution prohibiting the President from deploying or maintaining United States Armed Forces in a sustained combat role in Iraq without specific, subsequent statutory authorization, as amended (Rep. McGovern – Foreign Affairs) (One Hour of Debate). Pursuant to a UC Agreement, Mr. McGovern and the Chair of the Committee on Foreign Affairs each will control 30 minutes.
H.Con.Res. 105, as amended, prohibits the President of the United States from deploying or maintaining U.S. armed forces in a sustained combat role in Iraq unless Congress provides specific statutory authorization for such activities. It also states that this prohibition will not supersede the requirements of the War Powers Resolution.
Bill Text for H.Con.Res. 105:
H.R. 4935 – Child Tax Credit Improvement Act of 2014 (Rep. Jenkins – Ways and Means) (One Hour of Debate). Currently, the Child Tax Credit offers a $1,000 credit for each child under age 17 - which begins to phase out for unmarried individuals at $75,000 and married couples at $110,000. This bill would modify the credit, allowing married taxpayers with higher incomes to claim its benefit, by increasing the income amount at which it phases out from $110,000 to $150,000 for married couples (but leaving the $75,000 threshold for unmarried filers unchanged) and indexing the $1,000 credit and income thresholds to inflation.
While its changes are permanent, the bill fails to extend the refundable portion of the current Child Tax Credit, passed as part of the Recovery Act and extended only through 2017 in the “fiscal cliff deal,” which is directed specifically toward lower income taxpayers. The net effect is to reduce the Child Tax Credit for low income taxpayers while increasing it for higher income taxpayers.
Additionally, after the bill was reported out of committee on a partisan vote, Republicans added a misguided provision that would require the Social Security Number of a filer be disclosed in order to claim the refundable portion of the credit – making it impossible for immigrant parents who file federal taxes using Taxpayer Identification Numbers to benefit from the credit even in cases where their children have a Social Security Number.
The Joint Committee on Taxation (JCT) estimates that this permanent tax cut will add $114.9 billion to the deficit over 10 years, and Republicans have chosen to bring the bill to the Floor without providing an offset.
This permanent tax cut comes on the heels of several other tax extenders that Republicans brought to the Floor without offsets, passed the House in the two last months, and would add over $500 billion to the deficit. The combination of this bill and 13 other permanent tax cuts approved by Republicans on the Ways and Means Committee would add over $800 billion to the deficit over the next decade – more than 35 times the amount that it would cost to renew emergency unemployment insurance for the entire year. It is hypocritical of House Republicans – who have let emergency unemployment insurance expire for more than 3 million Americans, refused to provide a permanent fix to the sustainable growth rate (SGR) for Medicare payments to doctors, and failed to replace the irrational, across-the-board spending cuts imposed by the sequester all on arguments over offsets - to bring this bill to the Floor without paying for it.
Democrats support the Child Tax Credit and the vital role it plays in the lives of young working families. However, the choice made by House Republicans to address these provisions one by one, while adding their cost to the deficit, and specifically targeting immigrant families, represents an irresponsible approach that will only make fixing our broken tax system harder. House Republicans should instead allow us to consider comprehensive tax reform, so that Congress can begin making the tough decisions necessary to move our economy forward.
Budget Committee Chairman Paul Ryan has said that, “The people deserve a government that works for them, not one that buries them in more debt.” Unfortunately, bringing permanent, unpaid-for tax cuts to the Floor does exactly the opposite. The White House agrees and has issued a SAP stating that the President would veto this bill. If House Republicans are serious about fiscal responsibility, they should work with Democrats to make the tough decisions necessary to address our broken tax code through comprehensive tax reform, which would address this and other tax extenders in a way that does not add to deficits and does not limit our ability to invest in domestic discretionary priorities. The Rule, which was adopted yesterday, provides for a closed Rule and one hour of debate. Members are urged to VOTE NO.
Bill Text for H.R. 4935:
Postponed Suspension (1 bill)
- H.R. 5081 – Strengthening Child Welfare Response to Trafficking Act of 2014 (Rep. Bass – Education and the Workforce)
Postponed Vote (1 vote)
- Democrat Motion to Instruct Conferees on H.R. 3230 – Veterans’ Access to Care through Choices, Accountability, and Transparency Act of 2014 (Rep. Brownley)
|The Daily Quote|
“House Speaker John Boehner is getting pressure to reauthorize the U.S. Export-Import Bank from a lobby that’s hard to ignore: manufacturers in and around his southwestern Ohio district that rely on the bank to finance overseas sales. About 200 Ohio companies have been urged to contact Boehner, and a General Electric Co. (GE) aviation subsidiary with 1,000 employees living in his district is lobbying him, all pushing him to oppose members of his party who want to shut the bank when its charter expires Sept. 30. ‘We think it’s an issue that deserves to be voted on, and the efforts to block it are very disturbing to us,’ said Thomas Norwalk, vice chairman of the Southern Ohio District Export Council in Dayton, which is coordinating a last-ditch letter-writing campaign to Boehner from small exporters. The Congress has 17 scheduled work days before the bank’s lending ability runs out.”
- Bloomberg, 7/23/2014