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*Vol. 1 Issue 4 July 27, 2010*
*
Welcome to the fourth issue of the Taxpayer's Tab* -- the weekly newsletter
for up-to-the-minute research from the National Taxpayers Union Foundation's
BillTally Project.
For more information on the National Taxpayers Union Foundation or the
BillTally
Project <http://action.ntu.org/site/R?i=sR5JpVgt-yDItyFCQqluMQ..>, check out
our website and
methodology<http://action.ntu.org/site/R?i=L5U5mQrOkOYKrlQ3Ncziyw..>
.
** Upcoming Event
The National Taxpayers Union Foundation in partnership with the Foundation
for Educational
Choice<http://action.ntu.org/site/R?i=CNeNA8mX2-2qCvHwUqSvjg..>invites
you to join us in celebrating Milton Friedman's 98th birthday with a
film about four families in New York City desperately trying to get their
children into a charter school and out of poverty. *The
Lottery*<http://action.ntu.org/site/R?i=0aUbrf8csgAZrIeBfIOgQA..>is a
documentary highlighting the conflict over educational choice that
pits
parents and their children against teacher unions in a battle for our
country's future. RSVP
here<http://action.ntu.org/site/R?i=-KnxJLZUSEIzsQY0umyzUw..>
*When*: Friday, July 30th, Doors open at 5PM
Movie begins at 5:15 PM Sharp
*Where*: Murphy's Grand Irish
Pub<http://action.ntu.org/site/R?i=7-XnQN3nO-rM3gbAUeyb5Q..>- Second
Floor
713 King Street - Alexandria, Virginia
*Contact*: Dan Barrett <[email protected]> at (703) 683-5700 ext. 676
Most Expensive Bill of the Week
The Bill: S. 3442
<http://action.ntu.org/site/R?i=UUYGK-vE2-ETQsrrfFp0RQ..>/H.R.
5442, Electric Vehicle Deployment Act
Annualized Cost: $624 million ($3.12 billion over five years)
The Electric Vehicle Deployment Act's sponsor
intends<http://action.ntu.org/site/R?i=DdzvnXHTsaEu0eeXQuNADw..>"to
encourage U.S. production and adoption of electric vehicles in
response
to some of the country's most pressing problems, from dependence on foreign
oil to climate concerns." The bill calls for a national deployment plan,
including tax credits for new electric vehicles, loans for electric-centric
infrastructure improvements, and require the federal vehicle fleet to be
converted to electric vehicles. Also established by the bill is a 500-mile
Battery Fund, which encourages research in secondary uses of vehicle
batteries, creating a secondary market for batteries, and recycling options.
With the support of Senators Lamar Alexander
(TN)<http://action.ntu.org/site/R?i=QPKDQ5U4_GZ56m42Qx943g..>and Jeff
Merkley (OR) <http://action.ntu.org/site/R?i=BG-_ytN75rYHsCJLGxVRKw..>,
Senator Byron Dorgan
(ND)<http://action.ntu.org/site/R?i=KFP1NMVHMm9jXplcZ3t_lQ..>and
Congressman Edward
Markey (MA-7)
<http://action.ntu.org/site/R?i=PDafX5DjiZtFW1kbqsdWSg..>introduced
S. 3442 and H.R. 5442 respectively to reduce emissions and oil
dependence. The legislation has been reported to neither close any power
plants currently in operation nor require more plants to be built.
The bill authorizes $2.5 billion in the first year and $156 million in each
of the next four fiscal years.
*Least Expensive Bill of the Week*
The Bill: H.R. 5538<http://action.ntu.org/site/R?i=oimfsGXzaqDGooUAHsJ8Pg..>,
To amend the Communications Act of 1934 to prohibit Federal funding for the
Corporation for Public Broadcasting after fiscal year 2012
Annualized Savings: $466 million (first-year cost)
Congressman Doug Lamborn
(CO-5)<http://action.ntu.org/site/R?i=K14NEzcj1SbeRLUHCZdBDg..>
says <http://action.ntu.org/site/R?i=KWs_245C0qQYVRitVlnckA..> "[g]overnment
spending is out of control and Obama's method of throwing more money at our
economy is not working. Federal spending cuts need to start somewhere. CPB
[The Corporation for Public Broadcasting] may produce worthwhile content.
That is not the issue. The issue is we cannot subsidize organizations that
can stand on their own two feet in the day of trillion dollar deficits."
The President's Fiscal Year 2010 budget estimates that the CPB will receive
$466 million in FY 2011.
*Most Friended*
The Bill: H.R. 5138<http://action.ntu.org/site/R?i=xAfn39hwwT5wCjGUvOsM5w..>,
International Megan's Law
Number of cosponsors: 22 Congressmen
In an effort to fight sex tourism, H.R. 5138 requires sex offenders to
report their expected international trips at least 30 days before traveling
abroad. Such information will be transmitted to American embassies and
consular missions in foreign countries so that officials will be able to
share information with foreign governments. The act also establishes the
International Sex Offender Travel Center as a new entity under the
Immigration and Customs Enforcement agency within the Department of Homeland
Security. The Center would track offenders, principally those traveling to
Mexico or Canada, provide training to state and local law enforcement, and
share information with other agencies, such as the Department of Justice.
Congressman Christopher Smith
(NJ-4)<http://action.ntu.org/site/R?i=ctKAS30oydfhGFouEZe_8g..>
reports <http://action.ntu.org/site/R?i=pXIOLOviIUcGG6JnBodxCA..>"[t]ogether
with our anti-human trafficking laws, the International Megan's
Law will work to ensure that we do more to protect children from the life
long consequences of exploitation and prevent these heinous crimes - before
they take place." As scored by CBO, International Megan's Law would have an
annualized cost of $50 million ($252 million over five years).
Cosponsors include Congressmen from both parties representing different
geographical areas.
*
*
*The Wildcard*
The Bill: H.R. 5125<http://action.ntu.org/site/R?i=iT_u5XO8aufqngLhNjTm6A..>,
Restitution for Local Government Act
Before the credit and housing bubbles burst, many local governments bought
financial products from Lehman Brothers. After its collapse in 2008, the
municipalities' investments significantly decreased in value, resulting in
losses by not only cities but other public entities such as school districts
and colleges.
Congresswoman Anna Eshoo
(CA-14)<http://action.ntu.org/site/R?i=G2Y7cb5syKCU_rqZBWLyeg..>has
sponsored legislation that diverts repaid TARP funds to bail out local
governments for their investment losses. Originally, repaid TARP funds were
to be reclaimed by the U.S. Treasury but under H.R. 5125, up to $1.7 billion
of repaid TARP monies would be transferred to municipalities who held Lehman
assets on September 12, 2008.
In a press release, Eshoo
says<http://action.ntu.org/site/R?i=bWbhIjWGuV0XTURynVD3wA..>"[w]hen
Lehman collapsed, San Mateo County and other public agencies across
the country were crippled, and we owe them some relief."
------------------------------
*About NTUF*
The National Taxpayers Union Foundation is a research and educational
organization dedicated solely to helping citizens of all generations
understand how tax policies, spending programs, and regulations at all
levels affect them now and in the future. Through NTUF's timely information,
analysis, and commentary, we're empowering citizens to actively engage in
the fiscal policy debate and hold public officials accountable every day.
NTUF is a 501(c)(3) research and education organization.
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aid or hinder the passage of any legislation or as a comment on any Member's
fitness to serve. Cost estimates are preliminary and are subject to change.
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