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Special Report on

New Senate Revenue Proposal

new senate revenue proposal special research report Photo by www.camposlanuza.com
Both chambers of the State Legislature have now passed revenue measures needed to maintain basic public services like health care and education while the economy recovers.   While these packages are an important step toward addressing our economic problems, both are insufficient given the scale of the current crisis.  The current Senate proposal would generate about $890 million in new resources while the House proposal would increase revenues by $680 million -- $70 million less than the earlier version approved by the House Finance Committee.  It's important to note that even under the larger Senate proposal,
REVIEWS AND OPINIONS
Calitics:: Senate Democrats Embrace New Revenues for a Budget Solution
Senate Democrats today plan to roll out a $4.9 billion package of tax hikes on cars, alcohol, income and corporate profits. According to a budget committee analysis, the Democratic 2010-11 plan includes: -- Suspending corporate tax breaks scheduled to begin Jan. 1 (worth $2.05 billion) -- Extending a 0.25 percent income tax surcharge that is scheduled to end Dec. 31. (worth $1 billion) -- Extending a $217 per dependent reduction in the state's dependent income tax credit, also scheduled to end Dec. 31 (worth $430 million) -- Raising the vehicle-license fee on cars 0.35 percent starting July 1 of this year (worth $1.2 billion) market research, surveys and trends
Cost Basis Reporting - About Brokers
Cost Basis Reporting has been raised in the Senate, the House, the U.S. Treasury and it was even included in the Presidential Budgets in both 2007 and 2008, but has yet to become law. There are arguments both for and against the proposal, which could explain its slow progress and still-uncertain future. Cost Basis Reporting If enacted, the legislation would mandate that financial institutions, brokerages, transfer agents and individual investors provide Cost Basis Reporting to the IRS and customers for all stocks, bonds and mutual funds that are transferred, bought or sold. Currently the law only requires that the gross proceeds ... market research, surveys and trends

SURVEY RESULTS FOR
NEW SENATE REVENUE PROPOSAL

The President's Proposal
Feb 22, 2010 ... It sets up a new competitive health insurance market giving tens of millions ... Reduced Cost Sharing: Percent of Costs Paid for by Health ..... Senate bills raise $20 billion in revenue from this industry over 10 years. ... industry trends, business articles and survey research
Senate Democrats Unveil Health Bill With Public Option - NYTimes.com
Senator Harry Reid, the majority leader, was joined by other Democrats as he discussed the Senate’s health care plan at a news conference on Capitol Hill on Wednesday. WASHINGTON — Democratic leaders in the Senate on Wednesday unveiled their proposal for overhauling the health care system, outlining legislation that they said would cover most of the uninsured while reducing the federal budget deficit. Senator Harry Reid of Nevada, the majority leader, said at an evening news conference that the legislation, embodying President Obama ’s signature domestic initiative, would impose new regulations on insurers, ... industry trends, business articles and survey research
RELATED NEWS
Legislators to take final shot at budget
SACRAMENTO — Today, on the final day of the Legislature’s regular session, lawmakers will take what both sides expect will be a futile stab at passing a state budget, taking separate votes on Republican and Democratic proposals that are about $4 billion apart and nowhere close to the two-thirds consensus required to pass a budget. If, as anticipated, the votes fall short, lawmakers will have to return in special session to keep negotiating a deal for a budget that is already 62 days late. Legislative sources said the dueling budget bills will likely be taken up for debate late this morning. Unless the unexpected happens today, ... market trends, news research and surveys resources
Murray, Rossi clash on tax-cut renewal
Among the thorniest debates facing Congress when it returns to work next month is whether to extend the Bush-era tax cuts. It's a dispute that's echoed in Washington state's U.S. Senate race between Democratic incumbent Sen. Patty Murray and Republican challenger Dino Rossi. By Jim Brunner Seattle Times political reporter Among the thorniest debates facing Congress when it returns to work next month is whether to extend the Bush-era tax cuts. It's a dispute that's echoed in Washington state's competitive U.S. Senate race between Democratic incumbent Sen. Patty Murray and Republican challenger Dino ... market trends, news research and surveys resources

INFORMATION RESOURCES

Mar 20, 2010 ... Details of New House & Senate Revenue Packages ... This latest revenue proposal comes one day after the State Senate passed a slightly ... technology research, surveys study and trend statistics
Blog: Time to Go Home : Washington State Senate Democrats
Earlier this week, the Governor and budget negotiators for the Senate and the House of Representatives came to an agreement on a revenue package. The advent of what’s being called the “Go-Home Package” is in the nick of time: today is the 26th day of the 30-day special legislative session called by the Governor to reach a resolution on the budget and to pass legislation focused on job creation and economic development. Now the Legislature will use the last 4 days of the special session to attempt to formally pass the final Budget. At this point, we’re still working on getting a majority to sign on to the ... technology research, surveys study and trend statistics
CITY UNIVERSITY OF NEW YORK
The Executive proposal to move tuition revenue “off-budget” was rejected by the Senate. The Executive recommendation that would require the CUNY Board of ...
REAL TIME
NEW SENATE REVENUE PROPOSAL
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QUESTIONS AND ANSWERS
WikiAnswers - Who has the power to propose a law to raise revenue ...
Any member of the House or Senate can submit a proposal for a new law, called a "bill". However, only the House can propose new taxes. What law is proposed to raise money? This would be a tax law. In the US any law regarding taxes at the Federal level must originate in the House of Representatives. Like all laws it must pass both the House and the Senate and be... Who is able to propose tax laws ? Article 1 lays out the duties of the legislative branch. Section 7 says that all bills for creating taxes must originate in the House of Representatives. It also says the Senate has to concur and can... Who can propose a tax law
If Immigration Reform of the 80's boosted our economy, reduced ...
then why would somebody oppose today's Immigration Reform where it focuses on all that, and strengthens border security? http://news.newamericamedia.org/news/vie… Researchers point to the effects of prior immigration reform in 1986. Then, the Immigration Reform and Control Act (IRCA) helped transition many undocumented workers out of an underground status. In the years following the Act, these workers saw their average hourly wages increase by 15 percent. Higher wages generated more city, state and federal tax revenue and more purchasing of goods and services, which created more jobs. This, during the recession of the ...