Showing posts with label Indi. Show all posts
Showing posts with label Indi. Show all posts
Thursday, November 29, 2007
Friday, November 16, 2007
In the news: something I've worked on...
One of things I've worked on most closely during my 8 months or so working in the US House of Representatives, i.e. the lower chamber of our Congress, is the Trade and Globalization Assistance Act. This is the first piece of legislation I've worked on that has been approved by the House of Representatives.
This week, the New York Times wrote a very supportive editorial about this legislation. In general, the bill incentivizes modernizations to state unemployment insurance systems and expands a program that helps workers who lose their jobs due to trade (The bill is thoroughly explained in the Committee Report accompanying it. It's sumarized here, except for most of the tax provisions, which are summarized here.). However, the Office of Management and Budget, an extremely important part of the Executive Office of the President, has declared that "if this bill were presented to the President in its current form, the President’s senior advisors would recommend he veto the bill." Even before the bill is ever presented to the President, we must await a version of the bill from the Senate.
This week, the New York Times wrote a very supportive editorial about this legislation. In general, the bill incentivizes modernizations to state unemployment insurance systems and expands a program that helps workers who lose their jobs due to trade (The bill is thoroughly explained in the Committee Report accompanying it. It's sumarized here, except for most of the tax provisions, which are summarized here.). However, the Office of Management and Budget, an extremely important part of the Executive Office of the President, has declared that "if this bill were presented to the President in its current form, the President’s senior advisors would recommend he veto the bill." Even before the bill is ever presented to the President, we must await a version of the bill from the Senate.
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