Last night the House of Representatives voted 267 to 159 to repeal the CLASS Act, the government-run long-term care insurance program that the Department of Health and Human Services has declared fatally flawed and unsustainable.
As expected, House GOP members have introduced legislation (H.R. 2) to revoke the Affordable Care Act (ACA), enacted last March as well as a resolution that calls for the development of an alternative health reform plan.
As expected, on January 19 the GOP-controlled House of Representatives approved H.R.2, the bill to repeal the health reform bill enacted into law last March. H.R.2 would repeal the Patient Protection and Affordable Care Act (PPACA) in its entirety.
At just before midnight on December 16, the House of Representatives passed H.R.4853, the bill passed by the Senate that extends for two years all current law income, capital gains and dividend tax rates, for all taxpayers.
House Budget Committee Chairman Paul Ryan has introduced his proposed Fiscal Year 2012 Budget Resolution. The budget would cut approximately $6 trillion in government spending over the next 10 years.
By a solid and bipartisan vote of 81-19, the U.S. Senate on December 15 passed H.R.4853. H.R.4853 is the year-end tax bill that contains a two-year reinstatement of the estate tax; a two-year extension of current law income, capital gains[…]
The President called for paying for tax reform by broadening the base through the elimination of tax expenditures that are currently a part of the Internal Revenue Code. Life insurance and annuity inside buildup, retirement savings in pension plans, and[…]
On Tuesday, January 18 the Government Accountability Office (GAO) reported to Congress the results of its study on the regulation of financial planning.
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Bipartisan bills introduced in the House of Representatives (H.R. 2529) and Senate (S. 1368) would reverse a provision in the health care reform law that now requires people to get prescriptions for over-the-counter medications to qualify for reimbursement from tax-exempt[…]
On July 11, the Department of Health and Human Services (HHS) issued a proposed rule for minimum standards that states must meet to set up their own health insurance exchange markets in 2014 under the health reform law.
The Senate Banking Committee (Chairman Tim Johnson, D-SD) held a hearing on July 12 entitled “Enhanced Investor Protection after the Financial Crisis.” The intent of the hearing was to focus on the investor protection provisions of the Dodd-Frank Act that[…]
The U.S. House of Representatives on July 12 approved—by a vote of 406-22—a five-year extension of the National Flood Insurance Program (NFIP) under FEMA. The fate of the Program now awaits Senate action.
