I got this email today, and I could not resist the temptation to put it up here. It is yet another example of sausage making in DC, and why a 72,500 page tax code is going to soon be over 73,000 pages…
The author was Bruce Krasting. He has a good blog you might want to add to your list.
It starts off like this..
This week our leaders in D.C. extended the payroll tax deduction for another ten months. The new law also extends Unemployment Benefits, and it allows for a continuation of the old payouts to Doctors for Medicare reimbursements. The cost of the legislation is $110b for the rest of the year. There are some minor offsets to this expense in out years. (We will never see those offsets.)
This legislation should have been easy to draft because it is was just an extension of what had been agreed to, two months ago. But that’s not the case. H.R. 3630 is 386 pages long. The Bill includes some interesting things:
Read the rest of it on his blog… Asset and Means testing is starting, plus other interesting items.
Note: 4:31 PM…This blog post just disappeared. I will keep watching for it, and put it back up when it becomes available, or will summarize what he put in his email about H.R. 3630.