WashingtonWatch.com Digest – December 19, 2011
Posted by Jim Harper, December 19, 2011 at 10:00 am
This is the WashingtonWatch.com email newsletter for the week of December 19, 2011. Subscribe (free!) here.
On the Blog: Kim Jong Il is Dead
North Korean dictator Kim Jong Il has died.
We review some of the bills dealing with North Korea and point to a strange site documenting his strange rule in a post entitled: “Kim Jong Il is Dead.”
|
Featured Items
Last week, Congress passed two spending bills. This week the House is faced with a tax-cut dilemma.
With a temporary spending bill expiring, Congress last week passed a bill to fund the government for the remainder of fiscal year 2012. H.R. 2055, a military spending bill now called the Consolidated Appropriations Act, 2012, spends about $8,800 per U.S. family.
The House and Senate also passed H.R. 3672, the Disaster Relief Appropriations Act, 2012. That bill spends about $80 per U.S. family on federal disaster aid in the current fiscal year.
Before concluding work for the year, the Senate passed a version of H.R. 3630 that extends the existing payroll-tax holiday and renames the bill from the “Middle Class Tax Relief and Job Creation Act of 2011″ to the “The Temporary Payroll Tax Cut Continuation Act of 2011.”
The Senate-passed version would keep the payroll tax withheld from workers’ pay to fund Social Security at 4.2% instead of the usual 6.2% for two months.
Leaders of the Republican House want to pass a full-year extension of the payroll tax holiday, but because the Democratic Senate has adjourned for the year, its refusal to pass the Senate bill would allow payroll taxes to increase on January 1st. This is the dilemma faced by the House as it debates H.R. 3630 early this week.
The Senate-passed version of H.R. 3630 would save about $360 per U.S. family and increase the national debt by about $26 per family.
H.R. 2055 The Consolidated Appropriations Act, 2012 Costs $8,802.00 per family
H.R. 3672 The Disaster Relief Appropriations Act, 2012 Costs $82.80 per family
H.R. 3630 The Temporary Payroll Tax Cut Continuation Act of 2011 Saves $361.78 per family
|
What People Think
|

|
Displayed below are new, updated, and passed items with their cost or savings per family.
New Items
H.R. 3672 The Disaster Relief Appropriations Act, 2012 Costs $82.80 per family
H.R. 2060 The Central Oregon Jobs and Water Security Act Saves $0.00 per family
H.R. 3029 The Reducing the Size of the Federal Government Through Attrition Act of 2011 Saves $299.92 per family
H.R. 2087 To remove restrictions from a parcel of land situated in the Atlantic District, Accomack County, Virginia Costs $0.00 per family
H.R. 2586 The Swap Execution Facility Clarification Act Costs $0.00 per family
H.R. 2682 The Business Risk Mitigation and Price Stabilization Act of 2011 Costs $0.00 per family
H.R. 2779 To exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act Costs $0.00 per family
H.R. 3117 The Permanent Electronic Duck Stamp Act of 2011 Costs $0.00 per family
H.R. 200 The Inland Empire Perchlorate Ground Water Plume Assessment Act of 2011 Costs $0.04 per family
H.R. 1905 The Iran Threat Reduction Act of 2011 Costs $1.21 per family
H.R. 2070 The World War II Memorial Prayer Act of 2011 Costs $0.00 per family
H.R. 2336 The York River Wild and Scenic River Study Act of 2011 Costs $0.00 per family
H.R. 2834 The Recreational Fishing and Hunting Heritage and Opportunities Act Costs $0.00 per family
H.R. 2105 The Iran, North Korea, and Syria Nonproliferation Reform and Modernization Act of 2011 Costs $0.25 per family
|

Updated Items
H.R. 3630 The Temporary Payroll Tax Cut Continuation Act of 2011 Saves $361.78 per family
|

Passed Items
P.L. 112-64 The National Guard and Reservist Debt Relief Extension Act of 2011 Costs $0.00 per family
P.L. 112-65 A bill to revise the Federal charter for the Blue Star Mothers of America, Inc. to reflect a change in eligibility requirements for membership
P.L. 112-66 A bill to amend title 36, United States Code, to authorize the American Legion under its Federal charter to provide guidance and leadership to the individual departments and posts of the American Legion, and for other purposes
|
|