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Author Archives: Jim Sutliff
Insurance Tax Break –
Bloomberg reports that parents who add children under 26 to their employer provided health insurance can get get a tax break. It is reported that the regulations allow for a deduction for the cost of insurance if the premium is … Continue reading
Posted in Administrative, Regulatory, Tax
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Senate Approves Audit –
The Senate voted 96-0 and approved an amendment to the Financial Reform bill that provides for a one time audit of the emergency lending by the Federal Reserve. The measure was submitted by Senator Sanders and allows for an audit of … Continue reading
Posted in Administrative, Business, Politics, Regulatory
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Financial Regs & Market Plunge –
Senate Democrat Christopher Dodd is one of the major supporters of the Finacial Reform legislation. He is also one of the Senators pointing to the stock market drop as an example of the need for the legislation. There have been reports … Continue reading
Posted in Administrative, Business, Dodd-Frank, Regulatory
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Senator Bennett Loses Nomination Bid –
Senator Bob Bennett of Utah failed in an attempt to secure the Republican nomination for his U.S. Senate seat. According to an Associated Press article, Utah prohibits running as an independent and Bennett has not ruled out a write-in candidacy. … Continue reading
Posted in Election, Politics
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Climate Bill Next Week –
The climate bill is expected to be unveiled next week by Senators Kerry and Lieberman. Republican Senator Graham is not expected to support the bill and he has been the lone Republican working on the measure. Without some support from … Continue reading
Posted in Administrative, Environment, Regulatory
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Stocks Plunge –
Stocks plunged almost as much as 1,000 points before making a rebound late in the day. The late rally still left the market down more than 300 points for the trading day. European debt concerns are the major factor in … Continue reading
Posted in Business
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Obey Retires –
After serving 21 terms, David Obey has decided to retire from Congress. Obey is chairman of the House Appropriations Committee and his retirement is viewed as a victory for Republicans. The Democrat stated that it was his time to go. … Continue reading
Posted in Election, Politics
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Washington Power Brokers –
Washington’s Power Brokers is an article that appears on the Forbes website. A good political article is a frequent visitor of the Business In The Beltway section of the Forbes site. The influence list includes players in the fields of … Continue reading
Posted in Business, Energy, Healthcare, Politics
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Billionaire Dem Enters Race –
Billionaire Democrat Jeff Greene announced that he is seeking the Democratic nomination for the U.S. Senate seat in Florida. Greene makes the race a toss-up now that Crist is running as an independent candiate. The entry of Greene into the … Continue reading
Posted in Election, Politics
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Financial Bill Moves Forward –
The Senate voted by unanimous consent to move the Financial measure forward and to the debate floor. The third attempt to move the measure failed earlier in the day by a 56-42 vote. The final bill could be voted on … Continue reading
Posted in Administrative, Business, Election, Politics, Regulatory
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Here We Go Again –
Democratic Senator Harry Reid called for a secong vote to move the Financial Reform bill forward in the Senate. The measure fell short again today by the same 3 votes as yesterday. More votes on the measure are expected this … Continue reading
Posted in Administrative, Business, Election, Politics, Regulatory
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Senate Blocks Financial Bill –
The Senate blocked a measure to move the Financial Reform bill forward by a vote of 57-41. The measure needed 60 votes to pass and came up shy by three votes. Republican efforts to continue negotiations were successful but a bill is still … Continue reading
Posted in Administrative, Business, Dodd-Frank, Election, Politics, Regulatory
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Health Law Penalty
The Washington Times reports that 3 million Americans may be required to pay a penalty because of the new healthcare law. Other sources indicate that the number is actually higher than 3 million. The Congressional Budget office analysis estimates that … Continue reading
Posted in Administrative, Election, Healthcare, Politics, Regulatory, Tax
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Financial Reform Procedural Vote –
Senator Reid filed a procedural motion this afternoon which sets up a vote to proceed to the Financial Legislation on Monday. The vote will take place Monday night at 5:15 p.m. and if approved will move the legislation to the … Continue reading
Posted in Administrative, Business, Dodd-Frank, Election, Politics, Regulatory
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Financial Bill To Pass –
Republican leadership is indicating that there is a strong chance of a bipartisan financial bill in the next few weeks. Republican Senator Richard Shelby has stated that the two parties are conceptually together on 85% of the bill. The $50 … Continue reading
Posted in Administrative, Business, Dodd-Frank, Regulatory
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