On the Motion S.Amdt. 4389: Motion to Waive S.Con.Res.21, Sec.204. Re: Landrieu S.Amdt.4389, As Further Modified; To amend the Internal Revenue Code of 1986 to allow use of amended income tax returns to take into account receipt of certain hurricane-related casualty loss grants by disallowing previously taken casualty loss deductions and to waive the deadline…
On the Amendment S.Amdt. 4406: Voinovich S.Amdt.4406 As Modified; To protect families most vulnerable to foreclosure due to a sudden loss of income by extending the depreciation incentive to loss companies that have accumulated alternative minimum tax and research and development tax credits.Result: Agreed to (76-2, 22 members not voting, 1/2 threshold)Details: [click here]
On the Motion S.Amdt. 4389: Motion to Waive S.Con.Res.21, Sec.204. Re: Landrieu S.Amdt.4389, As Further Modified; To amend the Internal Revenue Code of 1986 to allow use of amended income tax returns to take into account receipt of certain hurricane-related casualty loss grants by disallowing previously taken casualty loss deductions and to waive the deadline…
On the Amendment S.Amdt. 4406: Voinovich S.Amdt.4406 As Modified; To protect families most vulnerable to foreclosure due to a sudden loss of income by extending the depreciation incentive to loss companies that have accumulated alternative minimum tax and research and development tax credits.Result: Agreed to (76-2, 22 members not voting, 1/2 threshold)Details: [click here]
Summary and Background On February 13, 2008, Senate Democrats introduced a legislative package intended to address the national housing crisis and help Americans avoid foreclosure. The Foreclosure Prevention Act of 2008 is an important next step that builds on recently-enacted economic stimulus legislation. The bill would address some of the problems spawned by a housing…
Today’s announcement that the U.S. lost 80,000 jobs in March is just the latest example of the failure of Bush Republican economic policies. Years of economic mismanagement have created a housing crisis and credit crunch that are spreading throughout the economy and hurting American families. That is why Democrats believe we need to act urgently…
Washington, DC—Los demócratas del Senado respondieron hoy a un informe del Departamento del Trabajo, el cual indica que los empleadores en los EE.UU. recortaron 80,000 empleos en marzo – el tercer mes consecutivo en que se eleva la cifra de empleos perdidos. Los demócratas también resaltaron el aumento dramático en la tasa de desempleo entre…
Washington, DC—Senate Majority Leader Harry Reid made the following statement today in response to a Department of Labor report that U.S. employers cut 80,000 jobs in March – the third month in a row that the number of lost jobs went up. “If anyone still doubts the need to act swiftly and decisively to reverse…
Washington, DC—Senior Democrats sent President Bush a letter today urging him to recognize that America needs a change in strategy in Iraq to repair the grave damage done to our nation’s security. The Senators and Congressmen ask the President to urgently seek political reconciliation among Iraqi leaders, restore the readiness of our badly strained military,…
The Senate is considering H.R.3221. The following amendments are pending to the bill: Dodd-Shelby #4387, (Housing Substitute) Sanders #4401 (Usury Rates) Cardin #4421 (Home Buyers Tax Credit) Ensign #4419 (Energy Tax) Alexander #4429 to #4419 (Wind Energy) Nelson (FL) #4423 (Penalty-Free Withdrawals) Lincoln #4382 (Legal Services) Snowe #4433 (Mortgage Revenue Bonds) Landrieu #4404 (Mortgage Bonds…