Up for Debate This Week: Tax Assistance and Tax Delinquency - Cost Information on Global Warming Legislation

With Tax Day falling on Tuesday this week, Congress is taking up tax-related legislation.

One of the bills it will consider is H.R. 5719, the Taxpayer Assistance and Simplification Act of 2008. The bill would exempt recipients of home care services from liability for employment taxes, authorize grants for volunteer income tax assistance programs, and give taxpayers written notice of their eligibility for the earned income tax credit, among other things.

    Cost information for the bill is not yet available.

    H.R. 5719
    The Taxpayer Assistance and Simplification Act of 2008
    What People Think: 50% For, 50% Against
    http://www.washingtonwatch.com/bills/show/110_HR_5719.html

The House will also consider H.R. 4881, the Contracting and Tax Accountability Act of 2007. The bill would prohibit the awarding of some government contracts and grants unless the contractor or grantee certifies that it has no seriously delinquent tax debts.

    Passage of H.R. 4881 would cost the average U.S. family about $0.13.

    H.R. 4881
    The Contracting and Tax Accountability Act of 2007
    Costs $0.13 per family
    What People Think: 50% For, 50% Against
    http://www.washingtonwatch.com/bills/show/110_HR_4881.html

An important bill dealing with global climate change has received a cost estimate. S. 2191, the America's Climate Security Act of 2007, would set an annual limit on the volume of greenhouse gases emitted from electricity-generating facilities and other industrial production and transportation. The Environmental Protection Agency would establish two separate initiatives known as "cap-and-trade" programs -- one for most types of greenhouse gases and one for hydrofluorocarbons.

Passage of the bill would cost the average U.S. family a whopping $17,000. This cost comes from increased government revenue collection for allowances to emit these gases, and spending of those revenues.

    S. 2191
    The America's Climate Security Act of 2007
    Costs $17,010.06 per family
    What People Think: 37% For, 63% Against
    http://www.washingtonwatch.com/bills/show/110_SN_2191.html

Displayed below are new, updated, and passed items with their cost or savings per family.

    New Items

S. 2731

The Tom Lantos and Henry J. Hyde United States Global Leadership Against HIV/AIDS, Tuberculosis, and Malaria Reauthorization Act of 2008

    Costs $301.16 per family
    http://www.washingtonwatch.com/bills/show/110_SN_2731.html


    S. 2191
    The America's Climate Security Act of 2007
    Costs $17,010.06 per family
    http://www.washingtonwatch.com/bills/show/110_SN_2191.html


    H.R. 5036
    The Emergency Assistance for Secure Elections Act of 2008
    Costs $6.69 per family
    http://www.washingtonwatch.com/bills/show/110_HR_5036.html


    H.R. 1198
    The Early Hearing Detection and Intervention Act of 2007
    Costs $1.58 per family
    http://www.washingtonwatch.com/bills/show/110_HR_1198.html


    H.R. 1418
    The Reauthorization of the Traumatic Brain Injury Act
    Costs $13.49 per family
    http://www.washingtonwatch.com/bills/show/110_HR_1418.html


    S. 2162
    The Mental Health Improvements Act of 2007
    Costs $7.74 per family
    http://www.washingtonwatch.com/bills/show/110_SN_2162.html


    Passed Items

    P.L. 110-199
    The Second Chance Act of 2007
    Costs $3.67 per family
    http://www.washingtonwatch.com/bills/show/110_PL_110-199.html

SOURCE WashingtonWatch.com

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