Site icon The Daily Signal

Cloakroom: Taxmageddon Edition

Newscom

House Cloakroom: July 30 – August 3

Analysis: This week, the House will take up its bill to avoid Taxmageddon. HR 8 would extend the Bush-era rates for a year and provide for a fast track process to consider tax reform next year. The fiscal cliff represents a real threat to our economy. Find more on the tax increase it will impose on your family here.

Major Floor Action:

Major Committee Action:

Senate Cloakroom: July 30 – August 3

Analysis: This week the Senate will begin by considering a circuit court nomination, despite Minority Leader Mitch McConnell’s (R-KY) invoking the Thurmond Rule. The Thurmond Rule, which is also known as the Leahy Rule because of past support by Senate Judiciary Committee Chairman Patrick Leahy (D-VT), is a Senate tradition that the chamber stops allowing judges through within six months of a presidential election. Heritage’s Brian Darling has a more in-depth explanation here. After voting on the judge, the Senate will return to consideration of the Cybersecurity bill. This bill differs from the House-passed version in that it contains an onerous regulatory scheme. Heritage’s Paul Rosenzweig has policy analysis here.

Major Floor Action:

Major Committee Action:

After this week, Congress will leave for the August recess. Congress and the Cloakroom will return in September.

Exit mobile version