United States · United States Congress · 1 May 2007
Expresses the sense of Congress that: (1) restrictions on U.S. visits by high-level elected and appointed officials of Taiwan, including the President of Taiwan, should be lifted; (2) the United States should allow direct Cabinet level exchanges in order to strengthen a policy dialogue with Taiwan; and (3) it is in the U.S. national interest to strengthen links with the democratically-elected government of Taiwan and demonstrate stronger support for democracy in the Asia-Pacific region.
United States · United States Congress · 1 May 2007
Expresses the sense of Congress that the United States should increase trade opportunities with Taiwan by launching negotiations to enter into a free trade agreement with Taiwan.
United States · United States Congress · 26 April 2007
Congratulates Berkeley College (East Orange, New Jersey) on its 75th anniversary. Commends the President of Berkeley College, Dr. Mildred Garcia, and the administration, faculty, staff, students, and alumnae of the College for their outstanding achievements and contributions to the community.
United States · United States Congress · 25 April 2007
Congratulates: (1) the residents of Jerusalem and the people of Israel on the 40th anniversary of the reunification of that historic city; and (2) the people of Israel on the 59th anniversary of their independence. Believes that Jerusalem must remain an undivided city in which the rights of every ethnic and religious group are protected as they have been by Israel during the past 40 years. Calls upon the President and Secretary of State to affirm as a matter of U.S. policy that Jerusalem must remain the undivided capital of Israel. Urges: (1) the President to discontinue the waiver contained in the Jerusalem Embassy Act of 1995 and begin the process of relocating the U.S. Embassy in Israel to Jerusalem; and (2) U.S. officials to refrain from any actions that contradict U.S. law on this subject. Reaffirms Israel's right to take necessary steps to prevent any future division of Jerusalem.
United States · United States Congress · 24 April 2007
Amends the Internal Revenue Code to increase the standard mileage rate for the tax deduction for the charitable use of passenger automobiles from 14 cents per mile to the standard mileage rate prescribed by the Secretary of the Treasury for business purposes (48.5 cents per mile in 2007).
United States · United States Congress · 19 April 2007
Federal Employee Combat Zone Tax Parity Act - Amends the Internal Revenue Code to exclude from the gross income of civilian federal employees compensation for active service in a combat zone or for periods of hospitalization for wounds, diseases, or injuries incurred while serving in a combat zone.
United States · United States Congress · 19 April 2007
Financial Privacy Notice Relief Act of 2007 - Amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements; (2) does not share information with affiliates under the Fair Credit Reporting Act; and (3) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers.
United States · United States Congress · 19 April 2007
Birthright Citizenship Act of 2007 - Amends the Immigration and Nationality Act to consider a person born in the United States "subject to the jurisdiction" of the United States for citizenship at birth purposes if the person is born in the United States of parents, one of whom is: (1) a U.S. citizen or national; (2) a lawful permanent resident alien whose residence is in the United States; or (3) an alien performing active service in the armed forces.
United States · United States Congress · 19 April 2007
AMT Middle Class Fairness Act of 2007 - Amends Internal Revenue Code provisions relating to the alternative minimum tax (AMT) on individuals to: (1) allow a deduction from such tax for state and local taxes; and (2) adjust the AMT exemption amounts for inflation after 2006.
United States · United States Congress · 17 April 2007
Cool and Efficient Buildings Act - Amends the Internal Revenue Code to allow a 20-year depreciation recovery period, calculated on a straight line basis, for heating, ventilation, air conditioning, or commercial refrigeration systems installed in nonresidential buildings.
United States · United States Congress · 16 April 2007
Local Control of Education Act of 2007 - Prohibits the Secretary of Education from providing any funds to a state for any program under the Elementary and Secondary Education Act of 1965 (ESEA), and prohibits such program from operating in that state, unless the state legislature has by law expressly and specifically authorized operation of its program and, in doing so, has waived the state's rights and authorities to act inconsistently with any requirement that might be imposed as a condition of receiving federal funds. Requires state authorization of the program's operation before any federal officer, employee, or authority may enforce any program requirement against a state authority, and before any state authority may be obliged to obey any such requirement. Prohibits the Secretary from providing any funds under an ESEA program to a local governmental entity unless the state's chief law enforcement officer certifies that the entity's participation in the program is consistent with any applicable state law requirements.
United States · United States Congress · 30 March 2007
Recognizes the strong alliance between the Republic of Korea and the United States and expresses appreciation to the Republic of Korea for its efforts in the global war against terrorism.
United States · United States Congress · 29 March 2007
NAFTA Trucking Safety Act of 2007 - Prohibits a Mexico-domiciled motor carrier from being granted authority to operate beyond U.S. municipalities and commercial zones on the U.S.-Mexico border until one or more of the following officials as specified (the Secretaries of Transportation and of Homeland Security and the Department of Transportation Inspector General) certify to Congress that they have met conditions pertaining to: (1) the identification of federal motor carrier safety regulations and acceptance of compliance with Mexican safety regulations; (2) safety enforcement tools; (3) effective and regular monitoring and enforcement of immigration and customs regulations regarding international traffic under the North American Free Trade Agreement; (4) penalties for violation of immigration and customs laws or regulations concerning transportation by Mexico-domiciled carriers; (5) driver records databases used in Mexico; (6) compliance with conditions listed in the Department of Transportation and Related Agencies Appropriations Act, 2002 concerning cross-border trucking safety; and (7) English language proficiency requirements applicable to drivers.
United States · United States Congress · 29 March 2007
Extends the authorities provided to the Secretary of the Interior with respect to the Coastal Heritage Trail Route in New Jersey until September 30, 2011.
United States · United States Congress · 29 March 2007
Expresses the sense of Congress that it is necessary to ensure that Congress is presented with reliable information from the Congressional Budget Office (CBO) and the Joint Committee on Taxation as to the dynamic macroeconomic feedback effects to changes in federal law and the probable behavioral responses of taxpayers, businesses, and other parties to such changes. Requires the Joint Committee and CBO, using among other methods dynamic estimating techniques, to prepare fiscal estimates of each proposed change in federal revenue law on the basis of assumptions that estimate the probable behavioral responses of personal and business taxpayers and other relevant entities to such change and its dynamic macroeconomic feedback effects. Applies such requirement only to proposed changes that, pursuant to static fiscal estimates, have a fiscal impact exceeding $250 million in any fiscal year.
United States · United States Congress · 29 March 2007
Small Business Securities Protection Act - Amends the Sarbanes-Oxley Act of 2002 to instruct the Securities and Exchange Commission to prescribe rules that incorporate risk-based concepts in evaluating internal control over financial reporting for issuers. Requires such rules also to incorporate: (1) specific guidelines for measuring the terms "material," "reasonable," "significant," and "sufficient" in the context of internal control over financial reporting; (2) a requirement that the Public Company Accounting Oversight Board consider the efficiency of audit practices in its inspections; (3) alternative requirements for smaller issuers that reflect the relative size and complexity of smaller issuers, and the relative financial and manpower burdens placed on them in testing and documenting internal controls; and (4) revised standards for independence by auditors to permit the rendering of internal control advice for resolution of internal control issues and related liability safe harbors for auditors providing such advice to smaller issuers.
United States · United States Congress · 28 March 2007
Fire Sprinkler Incentive Act of 2007 - Amends the Internal Revenue Code to classify automatic fire sprinkler systems as five-year depreciable property. Makes this Act applicable to property placed in service after April 11, 2003.
United States · United States Congress · 27 March 2007
Agriculture Education Freedom Act - Amends the Internal Revenue Code to exclude from the gross income of an individual any gain from the sale of any animal raised and sold by such individual as part of his or her participation in the 4-H program under the Cooperative State Research, Education, and Extension Service of the Department of Agriculture, the Future Farmers of America, any tax-exempt similar organization, or any program of a tax-exempt educational organization.
United States · United States Congress · 26 March 2007
Condemns the Islamic Republic of Iran for the seizure of 15 British marines and sailors and demands their unconditional release. Calls on the U.N. Security Council to condemn this seizure and explore new sanctions against Iran, including gasoline restrictions, to prevent further Iranian hostile action, deny Iran's ability to militarize the Persian Gulf, and enforce Iran's nonproliferation commitments.
United States · United States Congress · 23 March 2007
Medicare Hearing Health Care Enhancement Act of 2007 - Amends title XVIII (Medicare) of the Social Security Act to provide for direct access to qualified audiologists for Medicare beneficiaries, without regard to any requirement that the beneficiary be under the care of (or referred by) a physician or other health care practitioner, or that such services are provided under the supervision of a physician or other health care practitioner. Covers audiology services under Medicare part B (Supplementary Medical Insurance).
United States · United States Congress · 22 March 2007
Railroad Antitrust Enforcement Act of 2007 - Amends the Clayton Act to grant the United States exclusive authority to bring suit for injunctive relief against a common carrier that is not a rail common carrier subject to the jurisdiction the Surface Transportation Board (STB). Revises provisions prohibiting anticompetitive transactions except for those approved by specified federal agencies acting under certain statutes to eliminate the exemption for certain STB approved transactions. Provides that, in any civil action against a rail common carrier, the U.S. district court shall not be required to defer to the primary jurisdiction of the STB. Empowers the Federal Trade Commission to regulate, and engage in antitrust enforcement regarding, collective rate agreements and certain transactions, including railroad mergers and acquisitions. Applies to rail common carriers subject to STB jurisdiction requirements governing the amount of recovery or prejudgment interest (treble damages) by injured persons, without regard to whether: (1) such railroads have filed rates; or (2) a complaint has been filed that challenges a rate. Amends federal transportation law to terminate the exemptions from antitrust laws for collective ratemaking agreements. Requires the STB, and other reviewing agencies, when reviewing a proposed agreement, to take into account its impact upon shippers, consumers, and affected communities. Revises STB authority to provide that a rail carrier, corporation, or a person participating in an approved transaction is not exempt from specified antitrust laws.
United States · United States Congress · 21 March 2007
Honors and recognizes the work of the Meals On Wheels Association of America, its member senior nutrition programs throughout the country, and their annual March for Meals campaigns.
United States · United States Congress · 20 March 2007
Directs the Speaker of the House of Representatives and the President pro tempore of the Senate to make appropriate arrangements for the posthumous presentation, on behalf of Congress, of a gold medal in recognition of Constantino Brumidi's contributions to the Nation as a designer and decorator of the U.S. Capitol. Requires the Architect of the Capitol to arrange for the gold medal to be displayed in the Capitol Visitor Center as part of an exhibit honoring Constantino Brumidi.
United States · United States Congress · 20 March 2007
Sons and Daughters of America Act - Amends the Revised Statutes of the United States to provide that the remedies for a civil action for deprivation of rights are limited to injunctive and declaratory relief where the deprivation: (1) consists of a violation of the right to freedom of speech secured by the Constitution; and (2) is the result of a statute, ordinance, regulation, custom, or usage which prohibits or restricts picketing, protesting, or demonstrating at a funeral or any other ceremony, procession, or memorial service held in connection with the burial or cremation of the dead. Prohibits the award of attorney's fees with respect to the prevailing party in such a claim, including one in any action brought against the United States or any federal agency or official acting in his or her official capacity in any court.
United States · United States Congress · 20 March 2007
Amends the Internal Revenue Code to: (1) increase the allowable amount of the railroad track maintenance tax credit; (2) extend such credit through 2010; and (3) allow such credit against alternative minimum tax liabilities.
United States · United States Congress · 19 March 2007
Amends the Internal Revenue Code to make permanent the tax deduction for charitable contributions by individuals and corporations of real property interests for conservation purposes.
United States · United States Congress · 19 March 2007
Armed Forces Tax Relief Act of 2007 - Amends the Internal Revenue Code to exclude from gross income all compensation received for active service as a member of the Armed Forces, not including pensions and retirement pay. (Terminates the current limited exclusion from gross income for combat pay.)
United States · United States Congress · 15 March 2007
Married Student Debt Relief Act of 2007 - Amends the Internal Revenue Code to allow a husband and wife filing a joint tax return to each claim the maximum tax deduction of $2,500 for interest on education loans.
United States · United States Congress · 15 March 2007
Academic Partnerships Lead Us to Success Act or the A PLUS Act - Allows each state to submit to the Secretary of Education a declaration of intent, applicable for up to five years, permitting it to receive federal funds on a consolidated basis that would otherwise be directed toward specific programs furthering the stated purpose of title I (Improving the Academic Achievement of the Disadvantaged) of the Elementary and Secondary Education Act of 1965. Requires each declaration to be formulated by a combination of specified State Authorizing Officials or by referendum, and list the programs for which consolidated funding is requested. Allows states to use such funds for any educational purpose permitted by state law, but requires states to make certain assurances that they will use fiscal control and fund accounting procedures, abide by federal civil rights laws, and advance educational opportunities for the disadvantaged. Allows states to amend their declarations. Requires each declaration state to: (1) inform the public of its student achievement assessment system and annually report on student progress toward the state's proficiency standards, disaggregating performance data by specified student groups; and (2) keep aggregate spending on elementary and secondary education at no less than 90% of such spending for the school year coinciding with this Act's enactment. Limits administrative expenses. Requires consolidated funds to be distributed in a manner that allows for the equitable, as determined by each state, participation of private schools.
United States · United States Congress · 15 March 2007
Amends Rule XXV (Limitations on Outside Earned Income and Acceptance of Gifts) of the Rules of the House of Representatives to prohibit gifts to Members, officers, and employees of the House from state and local governments. Allows Members, officers, or employees of the House to accept from a state or local government reimbursement (including payment in kind) for necessary transportation, lodging, and related expenses for travel to a meeting, speaking engagement, factfinding trip, or similar event related to officeholder duties.
United States · United States Congress · 13 March 2007
Compete Act of 2007 - Amends the Sarbanes-Oxley Act of 2002 to revise requirements for the internal control assessment component of a securities issuer's annual report. Requires the attestation and report by a registered public accounting firm on an issuer's management assessment of its internal control structure and procedures to focus upon the process and system used by management to identify and manage risks, identify and implement key controls, and come to a conclusion on the effectiveness of the internal controls over financial reporting. Prohibits an auditor's attestation and report from including a separate (pass/fail) opinion on the effectiveness of such internal controls. Requires such attestation and report to be performed at three-year intervals. Prescribes standards for such attestations and reports, including a risk-based evaluation. Permits attestations and reports to rely on examinations and inspections by federal and state regulatory agencies. Instructs the Securities and Exchange Commission to develop a standard of materiality for such assessments and reports based upon whether the internal control has a material effect on the company's financial statements and is significant to the issuer's overall financial status. Exempts a smaller public company from the requirements for management assessment of internal controls, unless it voluntarily elects to comply with them.
United States · United States Congress · 13 March 2007
Commends those countries that have: (1) ratified the amendments to the Bonn Accords for open access to the Holocaust archives of the International International Tracing Service (ITS) located at Bad Arolsen, Germany; and (2) committed to expedite such archives' release. Urges all: (1) countries that have not ratified the amendments to abide by their May 2006 treaty obligations and expedite such ratification; and (2) International Commission of the International Tracing Service members to consider the short time left to Holocaust survivors and unanimously consent to open the ITS archives should all countries not ratify the amendments by May 2007.
United States · United States Congress · 9 March 2007
American-Owned Property in Occupied Cyprus Claims Act - Amends the International Claims Settlement Act of 1949 to urge the President to authorize the Secretary of State to begin negotiations with Turkey to allow for certain claims by U.S. nationals respecting real property in the Turkish-held portions of Cyprus. Authorizes the Secretary of the Treasury to establish in the Treasury a Claims Fund for the payment of unsatisfied claims of U.S. nationals against Turkey. Sets forth payment procedures. Grants U.S. district court jurisdiction for civil actions against any private person (any natural person or legal entity other than Turkey) by a U.S. national who owns property in the Turkish-held portion of Cyprus. Sets forth the conditions under which an action may be brought against the government of Turkey in U.S. or state courts.
United States · United States Congress · 9 March 2007
Supply Our Soldiers Act of 2007 - Directs the Secretary of Defense to provide for a program under which postal benefits are provided to a member of the Armed Forces who is on active duty and who is either: (1) serving in Iraq or Afghanistan; or (2) hospitalized at a military medical facility as a result of such service. Provides the postal benefits in the form of coupons or other evidence of credit (vouchers) to use for postal-free mailings.
United States · United States Congress · 9 March 2007
Amends the Deficit Reduction Act of 2005 to revise the classification criterion used to determine whether a hospital or hospital unit is an inpatient rehabilitation facility under title XVIII (Medicare) of the Social Security Act. Eliminates the current schedule of applicable percentages. Directs the Secretary of Health and Human Services, instead, to require in the classification criterion a compliance rate no greater than the 60% compliance rate that became effective for cost reporting periods beginning on or after July 1, 2006. Requires the Secretary, for cost reporting periods beginning on or after July 1, 2008, to include patients with comorbidity in the inpatient population that counts towards such 60% compliance rate. Requires the Centers for Medicare & Medicaid Services and Medicare fiscal intermediaries, Medicare administrative contractors, recovery audit contractors, and other government agents to use and apply the criteria established in HCFA Ruling 85-2, as issued on July 31, 1985, as the sole standard for determining the medical necessity of servivces provided by inpatient rehabilitation hospitals and units to Medicare beneficiaries. Directs the Secretary to report to specified congressional committees: (1) an examination of the impact of the 75% rule on the Medicare program, and specifically on Medicare beneficiaries; and (2) alternatives to the 75% rule policy for determining exclusion criteria for inpatient rehabilitation hospital and unit designation under the Medicare program.
United States · United States Congress · 9 March 2007
Post-Abortion Depression Research and Care Act of 2007 - Requires the Secretary of Health and Human Services, acting through the Director of the National Institutes of Health (NIH) and the Director of the National Institute of Mental Health (NIMH), to expand and intensify NIMH research and related activities with respect to post-abortion depression and psychosis. Requires the Director of NIMH to: (1) conduct or support research to expand the understanding of the causes of, and to find a cure for, such post-abortion conditions; and (2) conduct a study to determine the incidence and prevalence of cases of post-abortion conditions and the symptoms, severity, and duration of such cases, toward the goal of more fully identifying the characteristics of such cases and developing diagnostic techniques. Requires the Secretary to make grants to establish, operate, and coordinate effective and cost-efficient systems for the delivery of essential services to individuals with such post-abortion conditions.
United States · United States Congress · 9 March 2007
Men's Health Act of 2007 - Amends the Public Health Service Act to require the Secretary of Health and Human Services to establish within the Department of Health and Human Services (HHS) the Office of Men's Health. Requires the Secretary, acting through the Director of the Office, to: (1) conduct or support programs and activities to improve the state of men's health; and (2) provide for consultation among HHS offices and agencies to coordinate programs and activities relating to men's health.
United States · United States Congress · 9 March 2007
Zero Baseline Budget Act of 2007 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to eliminate sequential and cumulative adjustments for inflation from Congressional Budget Office (CBO) baseline projections for discretionary appropriations with respect to: (1) expiring housing contracts and social insurance administrative expenses; (2) offset pay absorption and pay annualization; (3) inflation; and (4) any accounting for changes required by law in the level of agency payments for personnel benefits other than pay. Exempts from the requirement that budgetary resources (other than unobligated balances) be at the level available in the current year any resources designated as an emergency requirement or provided in supplemental appropriations laws. Prohibits adjustments for inflation or any other factor. Amends the Act to extend indefinitely the formula used to calculate the baseline.
United States · United States Congress · 9 March 2007
Amends Rule XI (Procedures of Committees and Unfinished Business) of the Rules of the House of Representatives to require all House Committees to post record votes on their web sites within 48 hours of such votes. Exempts record votes taken in executive sessions in the Committee on Standards of Official Conduct.
United States · United States Congress · 9 March 2007
Expresses the sense of Congress that: (1) a commemorative postage stamp should be issued by the U.S. Postal Service honoring Varian Fry; and (2) the Citizens' Stamp Advisory Committee should recommend to the Postmaster General that such a stamp be issued.
United States · United States Congress · 8 March 2007
District of Columbia Personal Protection Act - Amends specified law prohibiting the killing of wild birds and wild animals in the District of Columbia to declare that nothing in it or any other provision of law shall authorize or be construed to permit the Council, the Mayor, or any governmental or regulatory authority of the District to prohibit, constructively prohibit, or unduly burden the ability of persons otherwise not prohibited from possessing firearms under federal law from acquiring, possessing in their homes or businesses, or using for sporting, self-protection or other lawful purposes, any firearm neither prohibited by federal law nor subject to the National Firearms Act. Denies the District any authority to enact laws or regulations that discourage or eliminate the private ownership or use of firearms. Amends the Firearms Control Regulations Act of 1975 to repeal the definition of a machine gun as any firearm which shoots, is designed to shoot, or can be readily converted or restored to shoot semiautomatically, more than 12 shots without manual reloading. (Thus repeals the ban on semiautomatic weapons.) Redefines "machine gun" to include the frame or receiver of any such weapon, any part designed and intended solely and exclusively, or combination of parts designed and intended, for use in converting a weapon into a machine gun, and any combination of parts from which a machine gun can be assembled if such parts are in the possession or under the control of a person. Repeals the District's: (1) registration requirement for possession of firearms; (2) prohibition on possession of handgun restricted pistol bullets; and (3) requirement that, under certain conditions, firearms in the possession of certain individuals must be kept unloaded, disassembled, or with the trigger locked. Repeals the definition of restricted pistol bullet as any bullet designed for use in a pistol which, when fired from a pistol with a barrel of five inches or less in length, is capable of penetrating commercially available body armor with a penetration resistance equal to or greater than that of 18 layers of kevlar. Maintains the current ban on the possession and control of a sawed-off shotgun, machine gun, or short-barreled rifle. Eliminates criminal penalties for possessing an unregistered firearm. Amends federal law to eliminate criminal penalties for carrying a pistol whether loaded or unloaded in one's dwelling house, place of business, or on land possessed by such person. Amends the District of Columbia Code to extend to firearms generally (currently, only to pistols) the prohibition against carrying such a weapon either openly or concealed within the District without a license issued pursuant to D.C. law. Specifies exceptions to the prohibition against carrying concealed weapons in the District.
United States · United States Congress · 8 March 2007
Public Good IRA Rollover Act of 2007 - Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for certain charitable purposes.
United States · United States Congress · 8 March 2007
Iran Counter-Proliferation Act of 2007 - States that nothing in this Act shall be construed as authorizing the use of force or the use of the U.S. Armed Forces against Iran. Subjects, with respect to prohibited transactions with Iran, a parent company to penalties for violations committed by certain subsidiaries outside the United States that would be subject to prohibitions if committed inside the United States or by a U.S. person. Establishes specified additional import and export sanctions against Iran. Amends the Iran Sanctions Act of 1996 to require the imposition of procurement sanctions as part of the sanctions against a person contributing to Iran's petroleum resources. Directs the President to report every six months to the appropriate congressional committees (committees) respecting investment activity that could contribute to Iran's development of petroleum resources, and U.S. steps in response to such activity. Expands the definitions of "petroleum resources" and "person." Eliminates the national security waivers for imposition of sanctions. Directs the President to determine and report to the committees whether the the Islamic Revolutionary Guards Corps should be: (1) designated as a foreign terrorist organization; (2) placed on the list of designated global terrorists; and (3) placed on the list of weapons of mass destruction proliferators and their supporters. Authorizes appropriations for the Department of the Treasury's Office of Terrorism and Financial Intelligence. Authorizes the President to carry out exchange programs with the people of Iran. Directs the President to reduce annual U.S. contributions to the International Bank for Reconstruction and Development (World Bank) based upon Bank amounts provided to entities and projects in Iran. Restricts nuclear cooperation with countries assisting Iran's nuclear program or transferring advanced conventional weapons or missiles to Iran. Amends the Internal Revenue Code to eliminate specified geological and geophysical expense amortization benefits if petroleum-related sanctions are imposed under the Iran Sanctions Act of 1996 on any member of an expanded affiliated group whose common parent is a foreign corporation. Revises the definition of "affiliated group." States that specified restrictions respecting Iran shall not have effect if the President determines and certifies to the committees that Iran: (1) has ended efforts to develop or acquire nuclear, chemical, or biological weapons, or ballistic missiles; (2) has been removed from the list of countries supporting international terrorism; and (3) poses no significant threat to U.S. national security, interests, or allies.
United States · United States Congress · 8 March 2007
Parents' Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) provide for a minimum tax credit for household and dependent care services for dependents under the age of seven and to phase out such credit based on the amount by which the taxpayer's adjusted gross income exceeds a threshold amount; (2) increase to $5,000 the amount of the personal tax exemption; (3) eliminate the marriage penalty in all income tax brackets and in the tax deduction for student loan interest; (4) establish a standard tax deduction for expenses related to business usage of a home; (5) make permanent increases in the child tax credit and adjust the amount of such credit for inflation on an annual basis after 2007; (6) allow employers a tax credit for employees who telecommute; and (7) allow an exclusion from employee gross income for employer-provided computer equipment used to work at home. Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to award social security credits to parents who stay at home, instead of working outside the home, to care for children who are either under age seven. Authorizes transfers from the general fund to specified Social Security trust funds to cover the cost of such credits.
![Official portrait of Rep. Garrett, Scott [R-NJ-5]](https://www.congress.gov/img/member/g000548_200.jpg)