| Bringing It Home |
May 18, 2012 |
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Carolyn Maloney, D-NY
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"The good folks over at Citizens for Tax Justice have suggested a totally different approach to dealing with all of that money sitting overseas. They suggest that the best approach is to flat out repeal the tax rule that indefinitely exempts offshore profits from United States corporate income tax. But I can simply look across the aisle at the faces of any of my Republican colleagues when I even say something like that out loud, and I know very well that the chance of that proposal becoming law is probably at zero."
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| Statements On Introduced Bills And Joint Resolutions |
May 17, 2012 |
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Olympia Snowe, R-ME
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"To further strengthen growth in women-owned businesses, we are also introducing the National Women’s High-Growth Business Bipartisan Task Force Act of 2012. This legislation would repeal the National Women’s Business Council and replace it with a Women’s High-Growth Business Bipartisan Task Force charged with developing and promoting initiatives, policies, and programs designed to encourage the formation of startups and high-growth small business concerns owned by women."
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| H.R. 5746, A Bill To Amend The Internal Revenue Code Of 1986 To Modify Certain Rules Applicable To Real Estate Investment Trusts; To The Committee On Ways And Means |
May 16, 2012 |
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Richard Neal, D-MA
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"Among other things, consistent with a provision in the Obama Administration’s FY 2012 and FY 2013 Budgets, and Congressional repeal of a similar rule for publicly offered mutual funds in 2010, the U.S. REIT Act would repeal the preferential dividend rule for “publicly offered” REITs. Publicly traded REITs as a whole have invested over $18 billion to date in a variety of Massachusetts properties, including malls, office buildings, health care, hotel, self-storage and other properties. As a former mayor, I recognize that these companies and their tenants are the bedrock of local economies, improving communities, advertising locally, and generating property and sales taxes that support local schools districts and first responders."
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| Sequester Replacement Reconciliation Act Of 2012 |
May 16, 2012 |
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Aaron Schock, R-IL
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"Section 204 of H.R. 5652 reversed two Medicaid provisions affecting the U.S. territories—increases in both the federal match rate and the cap on federal Medicaid spending—created in Obamacare. While I fully support a repeal of Obamacare, I also understand the rationale for these provisions addressed a disparity in the treatment of U.S. territories under Medicaid going back decades. Prior to the changes, Puerto Rico paid 80 percent of its share of Medicaid, even though it has a population of almost 4 million and a poverty level percentage similar to the state of Mississippi. Unlike the 50 states, where no U.S. state pays more than 50 percent of its share, the territories operate under a different reimbursement formula. The adjustment in the Medicaid payments to territories helped to close this gap."
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