Taxation

Simplified USA Tax Act of 2006

United States · United States Congress · 8 February 2006

Simplified USA Tax Act of 2006 - Repeals after 2006 income tax (including the individual and corporate alternative minimum tax) and estate and gift tax provisions of the Internal Revenue Code of 1986. Replaces such provisions with a new tax system, to be known as the Simplified USA Tax. Establishes three income tax brackets at 15, 25 and 30% for individual taxpayers. Redefines "gross income" and allows certain exclusions from gross income, including previously-taxed benefits, tax-exempt bond interest, compensation for injuries and sickness, and gain from the sale of a principal residence. Allows tax deductions for alimony and child support, home mortgage interest, charitable contributions, certain higher education expenses, and contributions to individual retirement accounts. Allows individual taxpayers: (1) a tax credit for social security payroll taxes; and (2) a refundable tax credit based upon family size and income. Revises rules for individual retirement accounts to allow all taxpayers to make contributions to a Roth IRA up to the amount of their adjusted gross income. Allows tax free withdrawals from Roth IRAs for any purpose after five years. Establishes new tax rules for deductible IRAs, annuities, and endowment and life insurance contracts. Revises tax rules for business entities to: (1) establish an 8% tax rate for the first $150,000 of business profit (12% for profit in excess of $150,000): (2) allow a tax credit for payroll taxes; (3) allow current year expensing of depreciable business property; (4) exempt from taxation all export sales income and other foreign-source income; and (5) redefine concepts relating to gain or loss on the sale of an asset, basis, and nonrecognition transactions.

Home and Farm Wind Energy Systems Act of 2006

United States · United States Congress · 8 February 2006

Home and Farm Wind Energy Systems Act of 2006 - Amends the Internal Revenue Code to allow a tax credit for 30% (10% after December 31, 2015) of the cost of installing qualified wind energy property. Defines "qualified wind energy property" as an electricity-generating wind turbine of 100 kilowatts of rated capacity or less which is installed in a dwelling unit or other property located in the United States and which meets the latest rating standards published by the American Wind Energy Association.

DEPARTMENT OF DEFENSE AUTHORIZATION FOR APPROPRIATIONS FOR FISCAL YEAR 2007

United States · United States Senate · 7 February 2006

DEPARTMENT OF DEFENSE AUTHORIZATION FOR APPROPRIATIONS FOR FISCAL YEAR 2007

United States · United States Senate · 7 February 2006

Prescription Drug Safety and Affordability Act of 2006

United States · United States Congress · 7 February 2006

Prescription Drug Safety and Affordability Act of 2006 - Amends the Internal Revenue Code to deny prescription drug manufacturers a tax deduction for gifts to physicians, including gifts of meals, sponsored teachings, symposia, and travel (but not including product samples).

CARE Act of 2006

United States · United States Congress · 2 February 2006

Caregiver Assistance and Relief Effort Act of 2006 or the CARE Act of 2006 - Amends the Older Americans Act of 1965 to increase and extend, through FY2006, the authorization of appropriations for the national family caregiver support program, including caregiver support programs for Native Americans. Amends the Internal Revenue Code to: (1) allow caregivers a tax credit for family members with long-term care needs; (2) allow a tax deduction for long-term care insurance premiums; and (3) apply certain consumer protection provisions to long-term care insurance contracts.

College Access and Affordability Act

United States · United States Congress · 2 February 2006

College Access and Affordability Act - Amends the Internal Revenue Code to: (1) rename "qualified tuition and related expenses" as "qualified higher education expenses" for purposes of the Hope Scholarship and Lifetime Learning tax credits and to include as qualified expenses tuition, fees, books, supplies, and equipment required by the taxpayer, the taxpayer's spouse, or dependents for enrollment or attendance at an eligible institution of higher learning; (2) increase to $4,000 (with annual inflation adjustments after 2006) the dollar limitation on the Hope Scholarship tax credit; (3) increase to $58,000 the modified adjusted gross income threshold for reducing the allowable amount of Hope Scholarship and Lifetime Learning tax credits; and (4) increase from two to four the number of years a Hope Scholarship tax credit may be claimed. Amends the Higher Education Act of 1965 to: (1) grant forgiveness of student loan indebtedness up to $17,500 for individuals working in certain public service positions, including math and science teachers, emergency workers, and nurses in low-income communities; (2) require the Secretary of Education (formerly, discretionary on a case-by-case basis) to award Pell Grants to certain full-time students enrolled in college degree programs; (3) establish a special transition assistance plan for certain student loan borrowers; (4) establish a grant program to encourage transfers of academic credits between institutions of higher learning; and (5) expand the discretionary authority of student financial aid administrators in regulating student loan terms.

Let the People Decide Clean Campaign Act

United States · United States Congress · 1 February 2006

Let the People Decide Clean Campaign Act - Amends the Federal Election Campaign Act of 1971 (FECA) to set forth specified expenditure limitations for House of Representatives general elections. Permits additional expenditures by eligible major party, third party, and independent candidates. Establishes in the Treasury the Grassroots Good Citizenship Fund (Fund), which shall provide public funding for House candidates' expenditures. Authorizes certain additional amounts from state and national party committees. Amends the Internal Revenue Code to: (1) authorize taxpayers to designate specified overpayments and contributions for the Fund; and (2) increase corporate tax rates on taxable income above $10 million, and require payment of the amounts received by reason of such increase to the Fund. Amends FECA to: (1) ban independent expenditures in House elections; (2) ban the use of nonfederal funds for certain disbursements; and (3) set forth specified House limitations for expenditures for elections other than general elections.

Palestinian Anti-Terrorism Act of 2006

United States · United States Congress · 1 February 2006

Palestinian Anti-Terrorism Act of 2006 - States that it shall be U.S. policy to promote the emergence of a democratic Palestinian governing authority that denounces and combats terrorism, upholds human rights for all people, and has agreed to recognize Israel as an independent Jewish state. Amends the the Foreign Assistance Act of 1961 to provide assistance under such Act or any other provision of law to the Palestinian Authority (PA) only during a period for which a presidential certification has determined: (1) that no PA ministry, agency, or instrumentality is controlled by a foreign terrorist organization and no member of a foreign terrorist organization serves in a PA ministry, agency, or instrumentality; (2) that the PA has publicly acknowledged Israel's right to exist as a Jewish state, and is adhering to all previous agreements and understandings with the government of the United States, the government of Israel, and the international community; and (3) that the PA has made demonstrable progress toward purging from its security services individuals with ties to terrorism, dismantling all terrorist infrastructure and cooperating with Israel's security services, halting anti-Israel incitement, and ensuring democracy and financial transparency. Directs the President to make and transmit such certifications to Congress every six months. Prohibits during a period in which a certification is is not in effect with respect to the PA.: (1) assistance to nongovernmental organizations for the West Bank and Gaza (exempts assistance for basic human health needs from such limitation.); (2) U.S. contributions to the United Nations intended for U.N. agencies providing assistance directly to the PA; (3) visa issuance to any PA official or affiliated person (with a case-by-case exemption for U.S. security needs); (4) travel outside of a 25-mile radius of the U.N. headquarters building for officials and representatives of the PA and of the Palestine Liberation Organization (PLO) who are stationed at the United Nations in New York City; and (5) establishment of an office, headquarters, premises, or other facilities within U.S. jurisdiction at the direction of, or with funds provided by, the PA or the PLO. Requires the President to direct the executive director at each international financial institution to use U.S. influence to prohibit assistance to the PA during any such period. Directs the Secretary of State to audit and report respecting duplicative entities and functions of: (1) the United Nations Division for Palestinian Rights; (2) the Committee on the Exercise of the Inalienable Rights of the Palestinian People; (3) the United Nations Special Coordinator for the Middle East Peace Process and Personal Representative to the Palestine Liberation Organization and the Palestinian Authority; (4) the NGO Network on the Question of Palestine; (5) the Special Committee to Investigate Israeli Practices Affecting the Human Rights of the Palestinian People and Other Arabs of the Occupied Territories; and (6) any other entity the Secretary determines results in duplicative efforts or funding or fails to ensure balance in the approach to Israeli-Palestinian issues. Withholds specified U.S. contributions to the United Nations for such entities until the report's recommendations are implemented. Expresses the sense of Congress that during any such period the territory controlled by the PA should be deemed to be in use as a terrorist sanctuary for purposes of the Export Administration Act of 1979, and of the Foreign Relations Authorization Act, Fiscal Years 1988 and 1989. Prohibits funds to be used by any U.S. officer or employee to negotiate, attend official meetings, or have official contacts with members or official representatives of Hamas, Palestinian Islamic Jihad, the Popular Front for the Liberation of Palestine, al-Aqsa Martyrs Brigade, or any other Palestinian terrorist organization, until such organization: (1) recognizes Israel's right to exist; (2) renounces terrorism; (3) dismantles the terrorist infrastructure; and (4) recognizes all previous agreements and understandings between Israel and the PA.

Medicare for All Act

United States · United States Congress · 1 February 2006

Medicare for All Act - Amends the Social Security Act to add a new title XXII (Medicare for All) under which: (1) each eligible individual is entitled to benefits which include the full range and scope of benefits available under the original fee-for-service program under parts A (Hospital Insurance) and B (Supplementary Medical Insurance) of title XVIII (Medicare), with parity in coverage of mental health benefits, subject to appropriate cost sharing; (2) each enrollee is free to choose his or her own doctor and private health plan; and (3) benefits are not less than the benefits offered to Members of Congress and Federal employees under FEHBP (Federal Employees Health Benefits Program). Establishes the Medicare for All Trust Fund. Amends the Internal Revenue Code to impose: (1) on the income of every individual a tax equal to 1.7% of wages received; (2) on every employer an excise tax equal to 7% of the wages paid to each employee; and (3) on the self-employment income of every individual, a tax equal to the applicable percentage of the self-employment income for such taxable year.

Honest Leadership and Open Government Act of 2006

United States · United States Congress · 1 February 2006

Honest Leadership and Open Government Act of 2006 - Extends from one to two years the lobbying ban for former senior executive personnel, former Members of Congress, and legislative branch officers and employees. Denies floor privileges to any former Members and House officers if he or she is a registered lobbyist or agent of a foreign principal. Requires public disclosure by Members of Congress and senior congressional staff of employment negotiations. Amends the Lobbying Disclosure Act of 1995 (LDA) to revise requirements for lobbying disclosures reports. Amends the Rules of the House of Representatives to: (1) exclude gifts from lobbyists from the gift ban exceptions; and (2) prohibit privately funded travel by a Member, Delegate, Resident Commissioner, officer, or employee. Establishes the Office of Public Integrity within the Office of Inspector General of the House. Amends the LDA to increase the penalty for failure to comply with lobbying disclosure requirements. Requires certification that congressional travel meets certain conditions, subject to civil fines for false certifications. Establishes mandatory annual ethics training for House employees. Makes it out of order to consider any reconciliation legislation which has the net effect of reducing the surplus or increasing the deficit compared to the most recent Congressional Budget Office (CBO) estimate for any fiscal year. Limits recorded electronic votes to 20 minutes, except in certain circumstances. Makes requirements for earmarks in funding measures. Makes it out of order to consider a resolution providing for adjournment sine die unless, during at least 20 weeks of the session, a quorum call or recorded vote was taken on at least four of the weekdays (excluding legal public holidays). Makes it out of order, with certain exceptions, for the House to consider a bill or joint resolution until 24 hours, or in the case of legislation containing a district-oriented earmark or limited tax benefit, until three days after copies of such measure are available. Makes a motion to request or agree to a conference on a general appropriation bill in order only if the House expresses its disagreements with the Senate in the form of numbered amendments. Requires all provisions on which the two chambers disagree to be open to discussion at any meeting of a conference committee. Prescribes minimum requirements for political appointees holding public safety positions. Amends the Office of Federal Procurement Policy Act (OFPPA) to require an executive agency, after awarding a contract, to make specified information regarding it available to the public, including over the Internet in a searchable database. Amends the Federal Property and Administrative Services Act of 1949 (FPASA) to prohibit awarding of a monopoly federal contract to a single contractor. Specifies conditions under which such contracts may be awarded. Amends the FPASA to require revision of the Federal Acquisition Regulation to require competition for certain multiple award contracts. Provides for suspension and debarment of unethical contractors. Amends the federal criminal code to impose fines and penalties on cheating taxpayers and wartime fraud. Revises requirements and prohibitions regarding contractor conflicts of interest. Requires disclosure of certain government contractor overcharges. Subjects individuals to penalties for improper sole-source contracting procedures. Prescribes disclosure requirements for organizations established to raise funds for creating, maintaining, expanding, or conducting activities at a former or existing presidential archival depository or its facilities.

Medicare for All Act

United States · United States Congress · 31 January 2006

Medicare for All Act - Amends the Social Security Act to add a new title XXII (Medicare for All) under which: (1) each eligible individual is entitled to benefits which include the full range and scope of benefits available under the original fee-for-service program under parts A (Hospital Insurance) and B (Supplementary Medical Insurance) of title XVIII (Medicare), with parity in coverage of mental health benefits, subject to appropriate cost sharing; (2) each enrollee is free to choose his or her own doctor and private health plan; and (3) benefits are not less than the benefits offered to Members of Congress and Federal employees under FEHBP (Federal Employees Health Benefits Program). Establishes the Medicare for All Trust Fund. Amends the Internal Revenue Code to impose: (1) on the income of every individual a tax equal to 1.7% of wages received; (2) on every employer an excise tax equal to 7% of the wages paid to each employee; and (3) on the self-employment income of every individual, a tax equal to the applicable percentage of the self-employment income for such taxable year.

Idling Reduction Tax Credit Act of 2006

United States · United States Congress · 31 January 2006

Idling Reduction Tax Credit Act of 2006 - Amends the Internal Revenue Code to allow a business tax credit for 25% of the cost of a qualifying idling reduction device, up to $1,000. Defines "qualifying idling reduction device" as any device that is: (1) installed on a heavy-duty diesel-powered on-highway vehicle to provide services that would otherwise require the operation of the main drive engine while the vehicle is temporarily parked or stationary; and (2) certified by the Secretary of Energy to reduce long-duration idling. Directs the Secretary to publish standards for certifying such devices.

Relating to consideration of the bill (S. 1932) to provide for reconciliation pursuant to section 202(a) of the concurrent resolution on the budget for fiscal year 2006 (H. Con. Res. 95).

United States · United States Congress · 31 January 2006

Sets forth the rule for consideration of the Senate amendment to S. 1932 (providing for reconciliation under the concurrent resolution on the budget for FY2006).

Amending the Rules of the House of Representatives to protect the integrity of the institution.

United States · United States Congress · 31 January 2006

Amends rule XXV (Limitations on Outside Earned Income and Acceptance of Gifts) of the Rules of the House of Representatives to require Members, Delegates, Resident Commissioners, officers, or employees of the House, before accepting payment of travel expenses, to obtain a written certification from the sponsoring organization or person: (1) stating that no registered lobbyist has been invited to participate in the transportation, lodging, or any associated meetings; and (2) disclaiming specified lobbying activities and connections. Amends rule IV (The Hall of the House) to deny floor privileges to any former Member, Delegate, or Resident Commissioner, former Parliamentarian, former elected officer or former minority employee of the House, and to heads of departments and state governors, unless the individual signs a lobbying disclaimer each time he or she is admitted to such location. Amends rule XVIII (The Committee of the Whole House on the State of the Union) to make it out of order to consider any reconciliation legislation which has the net effect of reducing the surplus or increasing the deficit compared to the most recent Congressional Budget Office (CBO) estimate for any fiscal year. Amends rule XX (Voting and Quorum Calls) to limit recorded electronic votes to 20 minutes, except that the time may be extended with the consent of both the majority and minority floor managers of the legislation involved or both the majority and minority leaders. Amends rule XXIII (Code of Official Conduct) to prohibit a Member, Delegate, or Resident Commissioner from conditioning the inclusion of language to provide funding for a district-oriented earmark, a particular project which will be carried out in a Member's congressional district, or a limited tax benefit in any bill or joint resolution (or accompanying report) or in any conference report on such measure (or accompanying joint statement of managers) on any vote such individual casts. Requires a Member, Delegate, or Resident Commissioner to disclose in writing to the chairman and ranking member of the relevant committee certain information about any district-oriented earmark such individual advocates in any measure or accompanying report or managers' joint statement. Requires each committee to make such information available to the general public for any earmark included in any reported measure. Requires the Joint Committee on Taxation to review any revenue measure, reconciliation bill, or joint resolution for limited tax benefits, and identify them and their beneficiaries, including their sponsors. Amends rule XV (Business in Order on Special Days) to make it out of order to consider a resolution providing for adjournment sine die unless, during at least 20 weeks of the session, a quorum call or recorded vote was taken on at least four of the weekdays (excluding legal public holidays). Amends rule XIII (Calendars and Committee Reports) to make it out of order, with certain exceptions, for the House to consider a bill or joint resolution until 24 hours, or in the case of legislation containing a district-oriented earmark or limited tax benefit, until three days after copies of such measure (and any accompanying report) are available (excluding Saturdays, Sundays, or legal holidays when the House is not in session). Makes a motion to request or agree to a conference on a general appropriation bill in order only if the Senate expresses its disagreements with the House in the form of numbered amendments. Requires all provisions on which the two chambers disagree to be open to discussion at any meeting of a conference committee. Amends rule XXV (Limitation on Outside Earned Income and Acceptance of Gifts) to exempt from the restrictions on gifts to Members of Congress or Senators, officers, or employees of the House the market value for a flight taken in connection with official duties (charter flight fair market value) on an airplane not licensed by the Federal Aviation Administration (FAA) to operate for compensation or hire. Requires the individual to publish certain flight related information in the Congressional Record within 10 days of such a flight.

Title X Family Planning Act

United States · United States Congress · 27 January 2006

Title X Family Planning Act - Amends the Public Health Service Act to prohibit federal family planning funds from being awarded to any grantees who perform abortions or whose subgrantees perform abortions, except where a woman suffers from a physical disorder, physical injury, or physical illness that would, as certified by a physician, place the woman in danger of death unless an abortion is performed. (Current law prohibits such funds from being used in programs where abortion is a method of family planning.) Excludes hospitals from such provisions as long as the hospital does not subgrant to a non-hospital entity that performs abortions. Requires the Secretary of Health and Human Services to submit to Congress a list of grantees who perform abortions, regardless of how such abortions are funded. Makes such a grantee ineligible for family planning funds for subsequent fiscal years unless the grantee certifies that neither the grantee nor any subgrantee performs abortions that are not explicitly permitted under this Act.

PACE-Finance Act

United States · United States Congress · 26 January 2006

Protecting America's Competitive Edge Through Tax Incentives Act of 2006 or the PACE-Finance Act - Amends the Internal Revenue Code to: (1) make permanent the tax credit for increasing research activities; (2) increase the rate of such credit from 20 to 40%; (3) expand such credit to include expenses of a research consortia; and (4) allow a business tax credit for the cost of employee continuing education in science or engineering. Directs the Secretary of the Treasury to: (1) study and make recommendations on methods to expand the scope of the tax credit for increasing research activities; (2) conduct an analysis of the U.S. tax system and its effect on innovation investment and related activities; and (3) report on such studies to the President and Congress.

IDEA Full Funding Act

United States · United States Congress · 25 January 2006

IDEA Full Funding Act - Amends the Individuals with Disabilities Education Act (IDEA) to reauthorize part B programs of education of all children with disabilities. Authorizes appropriations for part B: (1) for FY2007-FY2011 in specified amounts; and (2) for FY2012 and each fiscal year thereafter in an amount equal to the sum of the maximum amounts of the grants all states may receive under certain IDEA provisions. (Provides phased-in increases of such authorized funding designed to reach a promised 40% federal share by FY2011.) Makes appropriations for part B for FY2007-FY2011, as well as for FY2012 and each fiscal year thereafter, in amounts less than those this Act authorizes to be appropriated.

A bill to amend the Internal Revenue Code of 1986 to establish fairness in the treatment of certain pension plans maintained by churches, and for other purposes.

United States · United States Congress · 25 January 2006

Amends the Internal Revenue Code to exempt: (1) participants in church pension plans who are not highly compensated employees from certain defined benefit plan limitations; and (2) church-maintained retirement income accounts from the tax on unrelated debt-financed income from real property interests.

Paul Coverdell Homestead Open Space Preservation and Conservation Act of 2006

United States · United States Congress · 25 January 2006

Paul Coverdell Homestead Open Space Preservation and Conservation Act of 2006 - Amends the Internal Revenue Code to allow certain tax-exempt conservation organizations a tax credit for expenditures to acquire and maintain real property interests exclusively for conservation purposes.

Tax Code Termination Act

United States · United States Congress · 20 January 2006

Tax Code Termination Act - Terminates the Internal Revenue Code of 1986 for taxable years beginning after 2008, except provisions of such Code relating to social security taxation (i.e., taxes on wage, self-employment, and railroad retirement income). Establishes within the legislative branch a National Commission on Tax Reform and Simplification. Directs the Commission to: (1) review the Internal Revenue Code of 1986 and its impact on the economy, families, and the workforce: (2) determine whether the current income tax system can be replaced by more a more efficient and fair system of taxation; and (3) submit a report to Congress on the results of its review with recommendations for fundamental reform and simplification of the Code. Requires congressional approval of a new federal tax system no later than July 4, 2008, or a vote of Congress to reauthorize the Internal Revenue Code of 1986.

FIELD HEARINGS FOR FISCAL YEAR 2007

United States · United States Senate · 16 January 2006