Representative Jim Himes has been accused of hypocrisy by his opponent regarding legislation and funding. Himes supported a bill that was largely written by Citigroup lobbyists despite receiving significant campaign donations from Citigroup. He also voted against a bill that would have required economic impact analyses of proposed legislation, which could have exposed flaws in bills he supported. Additionally, Himes talks about accountability and responsible government but voted in ways that benefited his largest donors over his constituents. His opponent argues these actions are examples of Himes acting irresponsibly and in a corrupt manner.
The document summarizes a report from the Peterson-Pew Commission on Budget Reform that compares different fiscal policy tools for controlling government debt, such as targets, triggers, caps, and fail-safes. It notes that these tools have various advantages and disadvantages and that the right approach may incorporate aspects of several plans. The Commission's new Fiscal Toolbox resource compares tools based on their goals, enforcement mechanisms, exemptions, escape valves, and other factors to help policymakers design effective tools for addressing growing debt levels.
The non-partisan Committee for a Responsible Federal Budget (CRFB) has compiled a brief background on the scope of our nation's fiscal challenges and the drivers of our debt and deficits, while outlining some of the types of solutions available to address the problems. This Powerpoint is meant to offer an objective, easily-accessible view of our country's fiscal situation as an educational tool meant to help foster open and honest discussion about these issues.
The document summarizes 16 California ballot propositions that will be voted on in the November 2016 election. It provides brief descriptions of each proposition, including proposals relating to school bonds, healthcare funding, criminal justice reforms, firearms regulations, marijuana legalization, death penalty reforms, and more. Historical data on statewide and local voter registration trends from 1991 to 2016 is also presented.
The document provides an update on Welltower's financial position and strategy in response to COVID-19. It summarizes steps taken to strengthen the balance sheet, including reducing the dividend, settling forward equity sales, and establishing a new term loan facility. It outlines sources of near-term liquidity totaling $4 billion compared to $588 million in expected uses. The document also discusses ongoing portfolio optimization efforts, debt maturity profile, ESG initiatives, and commitment to strong governance.
The Southwest California Legislative Council assigned each of the 17 ballot propositions to one of our Directors / subject matter experts. Each prepared a report noting the title of the proposition, official verbiage, entities in support or opposition to the measure, where the funding came from and what a YES or NO vote means on the ballot. The Council discussed these details and adopted a position based on our Strategic Initiatives and the impact of the proposition on our business community.
Summary of Opportunity zones of the 2017 Tax Cuts
and Jobs Act. This presentation includes history, mechanics, mission, inputs, activities, outputs, outcomes, mechanism mapping logic model, internal and external validity threats.
This document summarizes the positions of several Chambers of Commerce in California on ballot initiatives for the November 2016 election. It lists 16 propositions and provides a brief summary for each, including estimated fiscal impacts. The Chambers' positions include support, opposition or no business related (NBR) stance on initiatives related to education funding, healthcare, criminal justice, tobacco and marijuana policies, gun control, death penalty, and the environment.
Phillip L. Swagel presented on the effects of recent legislation on the economy and budget at the American Economic Association Annual Meeting on January 7, 2022. The presentation analyzed the impact of pandemic-related legislation from March and April 2020 on GDP and the deficit. It found that this legislation increased GDP by 1.5-2.1 trillion and the deficit by 2.6 trillion from 2020 to 2023. The presentation also examined the estimated effects of the Build Back Better Act on the deficit, and projected growing deficits will drive federal debt to unprecedented levels over the next 30 years.
The document summarizes a report from the Peterson-Pew Commission on Budget Reform that compares different fiscal policy tools for controlling government debt, such as targets, triggers, caps, and fail-safes. It notes that these tools have various advantages and disadvantages and that the right approach may incorporate aspects of several plans. The Commission's new Fiscal Toolbox resource compares tools based on their goals, enforcement mechanisms, exemptions, escape valves, and other factors to help policymakers design effective tools for addressing growing debt levels.
The non-partisan Committee for a Responsible Federal Budget (CRFB) has compiled a brief background on the scope of our nation's fiscal challenges and the drivers of our debt and deficits, while outlining some of the types of solutions available to address the problems. This Powerpoint is meant to offer an objective, easily-accessible view of our country's fiscal situation as an educational tool meant to help foster open and honest discussion about these issues.
The document summarizes 16 California ballot propositions that will be voted on in the November 2016 election. It provides brief descriptions of each proposition, including proposals relating to school bonds, healthcare funding, criminal justice reforms, firearms regulations, marijuana legalization, death penalty reforms, and more. Historical data on statewide and local voter registration trends from 1991 to 2016 is also presented.
The document provides an update on Welltower's financial position and strategy in response to COVID-19. It summarizes steps taken to strengthen the balance sheet, including reducing the dividend, settling forward equity sales, and establishing a new term loan facility. It outlines sources of near-term liquidity totaling $4 billion compared to $588 million in expected uses. The document also discusses ongoing portfolio optimization efforts, debt maturity profile, ESG initiatives, and commitment to strong governance.
The Southwest California Legislative Council assigned each of the 17 ballot propositions to one of our Directors / subject matter experts. Each prepared a report noting the title of the proposition, official verbiage, entities in support or opposition to the measure, where the funding came from and what a YES or NO vote means on the ballot. The Council discussed these details and adopted a position based on our Strategic Initiatives and the impact of the proposition on our business community.
Summary of Opportunity zones of the 2017 Tax Cuts
and Jobs Act. This presentation includes history, mechanics, mission, inputs, activities, outputs, outcomes, mechanism mapping logic model, internal and external validity threats.
This document summarizes the positions of several Chambers of Commerce in California on ballot initiatives for the November 2016 election. It lists 16 propositions and provides a brief summary for each, including estimated fiscal impacts. The Chambers' positions include support, opposition or no business related (NBR) stance on initiatives related to education funding, healthcare, criminal justice, tobacco and marijuana policies, gun control, death penalty, and the environment.
Phillip L. Swagel presented on the effects of recent legislation on the economy and budget at the American Economic Association Annual Meeting on January 7, 2022. The presentation analyzed the impact of pandemic-related legislation from March and April 2020 on GDP and the deficit. It found that this legislation increased GDP by 1.5-2.1 trillion and the deficit by 2.6 trillion from 2020 to 2023. The presentation also examined the estimated effects of the Build Back Better Act on the deficit, and projected growing deficits will drive federal debt to unprecedented levels over the next 30 years.
Government of Georgia Submits the Draft Liberty ActLado Gurgenidze
The Georgian government submitted drafts of constitutional amendments and the Liberty Act to the president. The Liberty Act seeks to enshrine Georgia's successful economic policies by capping budget expenditures and deficits, banning extrabudgetary funds and earmarks, prohibiting increases in licenses and regulations, banning price controls and state ownership of banks, and empowering citizens through social program vouchers rather than funding institutions directly. It would also require nationwide referendums for any new or increased taxes. The prime minister commented that the act addresses concerns about maintaining reforms by constitutionally enshrining key policies to prevent policy drift or reversal.
CBO discusses the theoretical and empirical basis for its estimates of the effect on health insurance coverage of repealing the individual mandate—which requires most people to have insurance or pay a penalty. These slides reprise material presented to CBO’s Panel of Health Advisers in September 2017, with the addition of updated estimates published earlier this month.
Presentation by Alexandra Minicozzi, Unit Chief of Health Insurance Modeling in CBO’s Health, Retirement, and Long-Term Analysis Division, at the annual meeting of the American Academy of Actuaries.
The document proposes several reforms to make New York's pension system more predictable and affordable. It suggests offering new state employees a choice between a reduced defined benefit plan or a new defined contribution plan. It also proposes redefining compulsory arbitration to add transparency and restrictions. The document recommends ways to reduce costs of construction projects on public/private projects, such as increasing prevailing wage thresholds. It proposes freezing salary step increases when contracts expire and establishing minimum health insurance contribution levels for employees and retirees. Finally, it suggests passing unfunded mandate reform acts to require supermajorities for new unfunded mandates.
The SACU revenue that BLNS countries receive is declining substantially, putting pressure on government budgets and expenditures. By 2020, SACU revenues are projected to drop to 4.4% of GDP for Namibia and 2.8% for Botswana. Given the heavy reliance on SACU funds, particularly for health and HIV programs, this decline threatens to reduce funding for critical areas. In both the short and long run, policy options proposed include lobbying for increased donor aid, fiscal restraint, allowing higher deficits, restructuring budgets to rely less on volatile SACU revenues and improving domestic revenue collection.
The document discusses external sources of revenue for Local Government Units (LGUs) in the Philippines. The major external sources discussed are: 1) Internal Revenue Allotment (IRA), which allocates 40% of national tax revenues to LGUs, 2) Shares of national wealth such as mining and forestry revenues, 3) Shares from government agencies and corporations operating in their jurisdictions, and 4) Credit financing options such as loans from domestic banks and bonds. LGUs have increased financing power under the Local Government Code of 1991 to fund infrastructure and services.
The National Flood Insurance Program (NFIP) offers flood insurance and promotes floodplain management. CBO’s analysis of 5 million policies in effect in August 2016 showed that the NFIP’s expected one-year costs exceeded annual premiums by $1.4 billion. That shortfall stemmed primarily from premiums’ falling short of expected costs in coastal counties, which account for three-quarters of all NFIP policies nationwide.
This presentation examines the causes of shortfalls and the cost of premiums and describes the data and methods used in CBO’s analysis.
Presentation by Terry Dinan, Senior Adviser in CBO’s Microeconomic Studies Division, at the annual meeting of the American Academy of Actuaries.
Presentation by Kathleen Burke, John McClelland, and Jennifer Shand, analysts in CBO’s Tax Analysis Division, to the National Association of Legislative Fiscal Offices.
Welltower January 2021 Fixed Income PresentationWelltower
The document discusses the impact of COVID-19 on Welltower's seniors housing portfolio and operations. Some key points:
- Occupancy in the seniors housing operating portfolio declined 220 basis points in Q4 2020 to 76.2% and an additional 85 basis points in January 2021 to 75.3%.
- Higher COVID expenses have reduced operating margins to the low-20% range in Q4 2020 and margins are expected to deteriorate further in Q1 2021.
- Vaccine distribution to residents and staff began in late December 2020 and has accelerated, with some now receiving second doses.
Welltower held its annual investor day on December 4th, 2018 to provide updates on its portfolio transformation and strategic positioning. Over the past several years, Welltower has shifted its portfolio away from post-acute care assets towards higher quality seniors housing and outpatient medical properties through $14 billion in capital recycling. It has also improved the quality of its cash flows by reducing its exposure to triple-net lease counterparties like Genesis and Brookdale. Looking ahead, Welltower is well positioned for growth with a plural equity capital base, superior access to unsecured debt markets, and asset-backed financing options across its segments.
The document provides an update on Welltower's seniors housing operating and triple-net portfolios. It discusses recent improvements in occupancy rates across the US, UK, and Canada. It also outlines Welltower's diversified portfolio of senior living operators, the supply and demand backdrop in seniors housing, and the opportunities for growth as the industry recovers from COVID-19. Finally, it reviews vaccination rates and declining case counts, signaling continued recovery in the sector.
Lessons for Borrowing Policy and Subnational Risks Management - Lessons from ...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
The political will for health care reform remains strong according to Speaker of the House Nancy Pelosi. President Obama also urges Congress to continue its work on reform. There are several options under consideration for passing reform, including having the House pass the Senate bill and agreeing to changes through reconciliation. Reconciliation could allow passage with a 51 vote majority in the Senate. Additionally, guidance on implementing the 2008 Mental Health Parity and Addiction Equity Act was released, applying to employer plans of 50 or more employees. The interim final rule provides details on compliance.
The document outlines various sources of funding for the Affordable Care Act including mandatory spending, grants, loans, fees, taxes, and penalties. It discusses federal funding sources such as the Health Insurance Reform Implementation Fund and grants for state exchange planning. It also outlines funding amounts, terms, and key dates for funding streams including funds for Medicaid expansion, CO-OP loans, and deadlines for exchange self-sufficiency.
- Welltower announced strategic transactions that will improve portfolio quality and reduce risk. This includes terminating leases with Genesis Healthcare on 51 properties worth $880 million, and selling 25 skilled nursing facilities to its ProMedica joint venture for $265 million.
- The Genesis transaction realizes an 8.5% IRR over 10 years of ownership, improving to 9% with debt repayment. The ProMedica sale realizes a 22% IRR over 2.5 years of ownership.
- The transactions are expected to generate $745 million in proceeds for Welltower, with $0.05 per share annual earnings dilution after reinvesting proceeds at 6% yield, though $0.16 dilution initially before reinvestment. This
Subnational Debt Management in Brazil and Mexico: Fernando Blanco, Lead Econo...World Bank Publications
General description for each presentation:
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
FACTORS AFFECTING THE DEVOLUTION DISASTER MANAGEMENT IN KENYAAmb Steve Mbugua
This document discusses factors affecting the devolution of disaster management in Kenya. It outlines several challenges to effective devolution including lack of capacity at the county level, difficulties managing change, and resistance to transition. Specific challenges are inadequate funding, lack of a unified disaster policy, and prioritizing response over risk reduction. Progress has been made by establishing county disaster committees and devolving early warning services. However, fully implementing devolution of disaster management requires overcoming strategic, operational, and institutional hurdles.
The SHO portfolio occupancy declined approximately 160 basis points since the end of 3Q2020 due to lower than expected move-in activity from the greater increase in COVID-19 cases and shelter-in-place orders. Spot occupancy is expected to end the fourth quarter approximately 200 basis points lower than originally expected. Regulatory authorities have approved Pfizer/BioNTech's COVID-19 vaccine and distribution in seniors housing communities is expected to begin in late December, offering hope for improved occupancy in 2021. Rent collections remained strong, with over 99% of rent collected or approved for short-term deferral for the outpatient medical portfolio.
Puerto Rico: Is there a way out with growth and dignity?cealr
The document proposes an alternative fiscal plan for Puerto Rico that focuses on achieving sustainable economic growth through orderly fiscal adjustment and structural reforms. It summarizes the key weaknesses of Puerto Rico's current fiscal plan, including overly pessimistic growth assumptions and an uncertain implementation outlook. The alternative plan aims to achieve a central government surplus by 2018 through restructuring public enterprises, implementing public-private partnerships, and negotiating federal support for healthcare programs. A debt sustainability analysis projects that government debt would decline to 51% of GDP by 2025 under the alternative plan.
The document discusses Puerto Rico's fiscal and economic crisis. It notes that Puerto Rico has faced virtually continuous economic decline since 2006, with negative GNP growth in nearly every year since 2007. This economic decline has led to stagnating incomes, increased inflation, and significant outmigration from Puerto Rico to the mainland. The Commonwealth has implemented various austerity measures to strengthen its finances, including tax increases and spending cuts, but it still expects to have insufficient liquidity to make upcoming debt service payments without continuing extraordinary measures. The Working Group's Fiscal and Economic Growth Plan estimates financing gaps and shows that significant revenue increases, expense reductions, structural reforms, and debt restructuring will be needed to put Puerto Rico on a sustainable path.
Este documento presenta un proyecto de comunicación educativa sobre la prevención del embarazo adolescente en la Telesecundaria Isidro Fabela. El objetivo general es crear un taller sobre la prevención del embarazo adolescente para que los alumnos conozcan las consecuencias de un embarazo a temprana edad. Los objetivos específicos son crear un taller sobre este tema y crear conciencia sobre las consecuencias de un embarazo adolescente. El documento incluye un análisis del entorno de la escuela y las neces
Cultural Evolution Society 2016 Election ResultsJoe Brewer
We are excited to announce the results are in for our inaugural election—with clear winners for each of the 13 positions on the Executive Committee. This report provides an overview of the outcomes with commentary on the global nature of participation for our membership.
The election was held online for a six week period starting on Monday, July 11th and ending August 22nd. We choose this extended period for voting as many of our members engage in summer field research projects and we wanted to be inclusive for those who might be delayed in responding to email notifications inviting them to vote.
After receiving 379 completed ballots, the results are in.
Government of Georgia Submits the Draft Liberty ActLado Gurgenidze
The Georgian government submitted drafts of constitutional amendments and the Liberty Act to the president. The Liberty Act seeks to enshrine Georgia's successful economic policies by capping budget expenditures and deficits, banning extrabudgetary funds and earmarks, prohibiting increases in licenses and regulations, banning price controls and state ownership of banks, and empowering citizens through social program vouchers rather than funding institutions directly. It would also require nationwide referendums for any new or increased taxes. The prime minister commented that the act addresses concerns about maintaining reforms by constitutionally enshrining key policies to prevent policy drift or reversal.
CBO discusses the theoretical and empirical basis for its estimates of the effect on health insurance coverage of repealing the individual mandate—which requires most people to have insurance or pay a penalty. These slides reprise material presented to CBO’s Panel of Health Advisers in September 2017, with the addition of updated estimates published earlier this month.
Presentation by Alexandra Minicozzi, Unit Chief of Health Insurance Modeling in CBO’s Health, Retirement, and Long-Term Analysis Division, at the annual meeting of the American Academy of Actuaries.
The document proposes several reforms to make New York's pension system more predictable and affordable. It suggests offering new state employees a choice between a reduced defined benefit plan or a new defined contribution plan. It also proposes redefining compulsory arbitration to add transparency and restrictions. The document recommends ways to reduce costs of construction projects on public/private projects, such as increasing prevailing wage thresholds. It proposes freezing salary step increases when contracts expire and establishing minimum health insurance contribution levels for employees and retirees. Finally, it suggests passing unfunded mandate reform acts to require supermajorities for new unfunded mandates.
The SACU revenue that BLNS countries receive is declining substantially, putting pressure on government budgets and expenditures. By 2020, SACU revenues are projected to drop to 4.4% of GDP for Namibia and 2.8% for Botswana. Given the heavy reliance on SACU funds, particularly for health and HIV programs, this decline threatens to reduce funding for critical areas. In both the short and long run, policy options proposed include lobbying for increased donor aid, fiscal restraint, allowing higher deficits, restructuring budgets to rely less on volatile SACU revenues and improving domestic revenue collection.
The document discusses external sources of revenue for Local Government Units (LGUs) in the Philippines. The major external sources discussed are: 1) Internal Revenue Allotment (IRA), which allocates 40% of national tax revenues to LGUs, 2) Shares of national wealth such as mining and forestry revenues, 3) Shares from government agencies and corporations operating in their jurisdictions, and 4) Credit financing options such as loans from domestic banks and bonds. LGUs have increased financing power under the Local Government Code of 1991 to fund infrastructure and services.
The National Flood Insurance Program (NFIP) offers flood insurance and promotes floodplain management. CBO’s analysis of 5 million policies in effect in August 2016 showed that the NFIP’s expected one-year costs exceeded annual premiums by $1.4 billion. That shortfall stemmed primarily from premiums’ falling short of expected costs in coastal counties, which account for three-quarters of all NFIP policies nationwide.
This presentation examines the causes of shortfalls and the cost of premiums and describes the data and methods used in CBO’s analysis.
Presentation by Terry Dinan, Senior Adviser in CBO’s Microeconomic Studies Division, at the annual meeting of the American Academy of Actuaries.
Presentation by Kathleen Burke, John McClelland, and Jennifer Shand, analysts in CBO’s Tax Analysis Division, to the National Association of Legislative Fiscal Offices.
Welltower January 2021 Fixed Income PresentationWelltower
The document discusses the impact of COVID-19 on Welltower's seniors housing portfolio and operations. Some key points:
- Occupancy in the seniors housing operating portfolio declined 220 basis points in Q4 2020 to 76.2% and an additional 85 basis points in January 2021 to 75.3%.
- Higher COVID expenses have reduced operating margins to the low-20% range in Q4 2020 and margins are expected to deteriorate further in Q1 2021.
- Vaccine distribution to residents and staff began in late December 2020 and has accelerated, with some now receiving second doses.
Welltower held its annual investor day on December 4th, 2018 to provide updates on its portfolio transformation and strategic positioning. Over the past several years, Welltower has shifted its portfolio away from post-acute care assets towards higher quality seniors housing and outpatient medical properties through $14 billion in capital recycling. It has also improved the quality of its cash flows by reducing its exposure to triple-net lease counterparties like Genesis and Brookdale. Looking ahead, Welltower is well positioned for growth with a plural equity capital base, superior access to unsecured debt markets, and asset-backed financing options across its segments.
The document provides an update on Welltower's seniors housing operating and triple-net portfolios. It discusses recent improvements in occupancy rates across the US, UK, and Canada. It also outlines Welltower's diversified portfolio of senior living operators, the supply and demand backdrop in seniors housing, and the opportunities for growth as the industry recovers from COVID-19. Finally, it reviews vaccination rates and declining case counts, signaling continued recovery in the sector.
Lessons for Borrowing Policy and Subnational Risks Management - Lessons from ...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
The political will for health care reform remains strong according to Speaker of the House Nancy Pelosi. President Obama also urges Congress to continue its work on reform. There are several options under consideration for passing reform, including having the House pass the Senate bill and agreeing to changes through reconciliation. Reconciliation could allow passage with a 51 vote majority in the Senate. Additionally, guidance on implementing the 2008 Mental Health Parity and Addiction Equity Act was released, applying to employer plans of 50 or more employees. The interim final rule provides details on compliance.
The document outlines various sources of funding for the Affordable Care Act including mandatory spending, grants, loans, fees, taxes, and penalties. It discusses federal funding sources such as the Health Insurance Reform Implementation Fund and grants for state exchange planning. It also outlines funding amounts, terms, and key dates for funding streams including funds for Medicaid expansion, CO-OP loans, and deadlines for exchange self-sufficiency.
- Welltower announced strategic transactions that will improve portfolio quality and reduce risk. This includes terminating leases with Genesis Healthcare on 51 properties worth $880 million, and selling 25 skilled nursing facilities to its ProMedica joint venture for $265 million.
- The Genesis transaction realizes an 8.5% IRR over 10 years of ownership, improving to 9% with debt repayment. The ProMedica sale realizes a 22% IRR over 2.5 years of ownership.
- The transactions are expected to generate $745 million in proceeds for Welltower, with $0.05 per share annual earnings dilution after reinvesting proceeds at 6% yield, though $0.16 dilution initially before reinvestment. This
Subnational Debt Management in Brazil and Mexico: Fernando Blanco, Lead Econo...World Bank Publications
General description for each presentation:
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
FACTORS AFFECTING THE DEVOLUTION DISASTER MANAGEMENT IN KENYAAmb Steve Mbugua
This document discusses factors affecting the devolution of disaster management in Kenya. It outlines several challenges to effective devolution including lack of capacity at the county level, difficulties managing change, and resistance to transition. Specific challenges are inadequate funding, lack of a unified disaster policy, and prioritizing response over risk reduction. Progress has been made by establishing county disaster committees and devolving early warning services. However, fully implementing devolution of disaster management requires overcoming strategic, operational, and institutional hurdles.
The SHO portfolio occupancy declined approximately 160 basis points since the end of 3Q2020 due to lower than expected move-in activity from the greater increase in COVID-19 cases and shelter-in-place orders. Spot occupancy is expected to end the fourth quarter approximately 200 basis points lower than originally expected. Regulatory authorities have approved Pfizer/BioNTech's COVID-19 vaccine and distribution in seniors housing communities is expected to begin in late December, offering hope for improved occupancy in 2021. Rent collections remained strong, with over 99% of rent collected or approved for short-term deferral for the outpatient medical portfolio.
Puerto Rico: Is there a way out with growth and dignity?cealr
The document proposes an alternative fiscal plan for Puerto Rico that focuses on achieving sustainable economic growth through orderly fiscal adjustment and structural reforms. It summarizes the key weaknesses of Puerto Rico's current fiscal plan, including overly pessimistic growth assumptions and an uncertain implementation outlook. The alternative plan aims to achieve a central government surplus by 2018 through restructuring public enterprises, implementing public-private partnerships, and negotiating federal support for healthcare programs. A debt sustainability analysis projects that government debt would decline to 51% of GDP by 2025 under the alternative plan.
The document discusses Puerto Rico's fiscal and economic crisis. It notes that Puerto Rico has faced virtually continuous economic decline since 2006, with negative GNP growth in nearly every year since 2007. This economic decline has led to stagnating incomes, increased inflation, and significant outmigration from Puerto Rico to the mainland. The Commonwealth has implemented various austerity measures to strengthen its finances, including tax increases and spending cuts, but it still expects to have insufficient liquidity to make upcoming debt service payments without continuing extraordinary measures. The Working Group's Fiscal and Economic Growth Plan estimates financing gaps and shows that significant revenue increases, expense reductions, structural reforms, and debt restructuring will be needed to put Puerto Rico on a sustainable path.
Este documento presenta un proyecto de comunicación educativa sobre la prevención del embarazo adolescente en la Telesecundaria Isidro Fabela. El objetivo general es crear un taller sobre la prevención del embarazo adolescente para que los alumnos conozcan las consecuencias de un embarazo a temprana edad. Los objetivos específicos son crear un taller sobre este tema y crear conciencia sobre las consecuencias de un embarazo adolescente. El documento incluye un análisis del entorno de la escuela y las neces
Cultural Evolution Society 2016 Election ResultsJoe Brewer
We are excited to announce the results are in for our inaugural election—with clear winners for each of the 13 positions on the Executive Committee. This report provides an overview of the outcomes with commentary on the global nature of participation for our membership.
The election was held online for a six week period starting on Monday, July 11th and ending August 22nd. We choose this extended period for voting as many of our members engage in summer field research projects and we wanted to be inclusive for those who might be delayed in responding to email notifications inviting them to vote.
After receiving 379 completed ballots, the results are in.
Este documento describe los principios básicos de la inspección por partículas magnéticas. Explica que se basa en el comportamiento de los imanes y campos magnéticos para detectar discontinuidades en materiales ferromagnéticos. También cubre la historia del método, sus aplicaciones comunes, ventajas y limitaciones. Además, detalla conceptos clave como la magnetización de materiales, fuentes de magnetismo, y tipos de materiales magnéticos.
Vivint offers several packages for their smart home security and automation services. Their starter package costs $39.99 per month and includes basic security equipment but no smart home devices. Their Smart Protect package for $49.99 per month includes more security equipment but also does not allow smart home devices without upgrading. Their flagship Smart Control package for $60.99 per month provides both security equipment and up to two integrated smart home devices, with options to add more for monthly fees.
AN IMPROVED METHOD TO DETECT INTRUSION USING MACHINE LEARNING ALGORITHMSieijjournal
An intrusion detection system detects various malicious behaviors and abnormal activities that might harm
security and trust of computer system. IDS operate either on host or network level via utilizing anomaly
detection or misuse detection. Main problem is to correctly detect intruder attack against computer
network. The key point of successful detection of intrusion is choice of proper features. To resolve the
problems of IDS scheme this research work propose “an improved method to detect intrusion using
machine learning algorithms”. In our paper we use KDDCUP 99 dataset to analyze efficiency of intrusion
detection with different machine learning algorithms like Bayes, NaiveBayes, J48, J48Graft and Random
forest. To identify network based IDS with KDDCUP 99 dataset, experimental results shows that the three
algorithms J48, J48Graft and Random forest gives much better results than other machine learning
algorithms. We use WEKA to check the accuracy of classified dataset via our proposed method. We have
considered all the parameter for computation of result i.e. precision, recall, F – measure and ROC.
El documento resume las principales épocas de la historia de la humanidad desde una perspectiva tecnológica, destacando los avances más importantes en cada período. Describe la prehistoria, las primeras civilizaciones en Mesopotamia y Egipto, la civilización grecorromana, la Edad Media, el Renacimiento y la Revolución Industrial. Finalmente, identifica cinco inventos clave: el papel, la imprenta, la máquina de vapor, la electricidad y el ordenador.
This slide is an instance meeting material for the study group of ISO/IEC JTC1 SC36/WG8. This study group had a meeting in Nov. 11, 2015. The questions or ideas described in this slide were just informal and personal thought upon very slight knowledge and experience for IMS Caliper and xAPI.
Este documento describe varias técnicas de ensayos no destructivos para diagnosticar discontinuidades en equipos estáticos como ductos y tanques de almacenamiento, incluyendo inspección visual, líquidos penetrantes, partículas magnéticas, ultrasonido, radiografía, emisión acústica. También define criterios de aceptación y rechazo según normas como API y describe modos de falla y técnicas para determinar posibles fallas en tuberías continuas y segmentadas.
Diseño y calificacion de un wps, pqr y wpq de soldadura sedung api 1104danny_arauz
ES UN ESTUDIO DE DISEÑO Y CALIFICACION DE WPS, PQR Y WPQ EN FUNCION DE LA API 1104, UTIL PARA QUIENES INICIAN EN ESTE MUNDO DE LA INSPECCION DE SOLDADURA
Este documento describe los métodos para pronosticar las ventas, incluyendo métodos cuantitativos y cualitativos. Explica factores como la disponibilidad de información, tiempo y recursos que deben considerarse al seleccionar un método. También cubre conceptos como elasticidad de precios, políticas de precios y un ejemplo de pronóstico de ventas para una panadería.
Introduction to Vertica (Architecture & More)LivePerson
LivePersonDev is happy to host this meetup with Zvika Gutkin, an Oracle and Vertica expert DBA in LivePerson, and specialist in BI and Big Data.
At LivePerson, we handle enormous amounts of data. We use Vertica to analyse this data in real time.
In this lecture Zvika will cover the following:
1. Present the architecture of Vertica
2. Compare row store to column store
3. Explain how Vertica achieve Fast query time
4. Show few use cases .
5. Explains what does Liveperson do with Vertica? Why we chose Vertica?
6. Talk about why we Love Vertica and Why we hate it .
7. Is Vertica SQL DB or NoSQL? Is vertica Consistent or Eventually consistent?
8. How Vertica differ from other SQL and noSQL technologies?
1) The Tax and Expenditure Limitation Act links spending and tax limits to emergency reserve and budget stabilization funds. It provides for temporary tax reductions when revenue exceeds the limits and funds.
2) The Act sets annual spending limits for state and local governments at inflation plus population growth, and revenue limits allowing growth at inflation plus changes approved by voters.
3) Governments must maintain emergency reserve funds equal to a percentage of spending/revenue limits and can only use them for declared emergencies. Budget stabilization funds also require minimum balances.
Managing Fiscal Risks: Disasters, Demographics and Debt - Kelly Kinneen, Uni...OECD Governance
This presentation was made by Kelly Kinneen, United States, at the 40th OECD Senior Budget Officials meeting held in Tallinn, Estonia, on 5-6 June 2019
US Budget Watch 2024: Fiscal Challenges Facing the Next AdministratinCRFBGraphics
This slide deck accompanied a presentation given by Marc Goldwein, senior vice president and senior policy director of the Committee for a Responsible Federal Budget, regarding the fiscal challenges that the winner of the 2024 presidential election will have to face, the principles that make for a fiscally responsible campaign, and the kinds of fiscal policies candidates are talking about on the campaign trail.
- The occupancy rate of Welltower's seniors housing operating portfolio declined approximately 150 basis points during 3Q2020 to 78.4%, in line with expectations of a 125-175 basis point decline.
- Same store net operating income for the portfolio declined 27.3% year-over-year in 3Q2020, moderating to a 1.1% decline from 2Q2020.
- Through October 23rd, the portfolio's occupancy had declined approximately 30 additional basis points.
- The occupancy rate of Welltower's seniors housing operating portfolio declined approximately 150 basis points during 3Q2020 to 78.4%, in line with expectations of a 125-175 basis point decline.
- Same store net operating income for the portfolio declined 27.3% year-over-year in 3Q2020, moderating to a 1.1% decline from 2Q2020.
- Through October 23rd, the portfolio's occupancy had declined approximately 30 additional basis points.
The NAIC & Center for Insurance Policy and Research have placed a special call for policy position briefs exploring the “potential development of a federal program to provide pandemic related business interruption coverage.”
The Centers for Better Insurance has submitted the attached short policy brief proposing the Payroll Risk Insurance Act.
The document discusses strategies for municipalities to strengthen their financial position to qualify for water and wastewater infrastructure grants and loans. It recommends establishing strong financial policies, budgets, and financial reserves. It also introduces two new federal funding opportunities - the Partnership to Build America Act and the Water Infrastructure Finance and Innovation Authority, which aim to provide low-cost funding to states for infrastructure projects.
The President's plan aims to boost economic growth and job creation through short-term investments while reducing the deficit over 10 years. It includes $4.4 trillion in deficit reduction through spending cuts, health care savings, and tax reforms. The plan cuts the payroll tax for workers and businesses, extends unemployment benefits, and invests in infrastructure to create jobs now while reducing tax breaks for the wealthy to cut the long-term deficit. If enacted, the national debt would fall to 73% of GDP by 2021 compared to 90.7% if no action is taken.
HR Webinar: The First 100 Days: Changes Employers Should be Aware ofAscentis
The document summarizes changes to the Employee Retention Tax Credit (ERTC) provisions under the American Rescue Plan Act of 2021. Key points include: the ERTC was extended through December 31, 2021; for the third and fourth quarters of 2021, startup businesses and employers experiencing over a 90% decline in gross receipts will qualify for the credit; and the maximum credit per employee remains at $7,000 per quarter.
Current Trends and Development in Ghana's Petroleum Sector jacqueline parditey
This document provides an overview and summary of Ghana's petroleum sector legislation, current and projected oil production and revenue, and key challenges. It discusses Ghana's petroleum laws around licensing, fiscal terms, and revenue management. It notes Ghana's oil production has peaked and projections of future revenue per citizen. Challenges include weak contract disclosure, unclear revenue management and links between laws and budgeting, non-transparent national oil company operations, and limiting PIAC's access to information. The document concludes with lessons for Ghana around strengthening contract disclosure, linking revenue to development plans, increasing revenue spending transparency, simplifying revenue calculations, integrating sector laws with financial management, and empowering PIAC.
The document discusses the federal budget and return of budget deficits in the United States. It notes that the federal budget deficit grew significantly from large surpluses in 2001 to large deficits in 2007 due to tax cuts, defense spending, and entitlement programs. The long-term fiscal outlook is challenging due to rising healthcare costs, aging of the population, and tax cuts. Reform of the US healthcare system is needed to control costs and address the growing budget imbalance.
This document summarizes a 3-part plan to address Illinois' public pension crisis. Part 1 focuses on containing the problem through consolidating pension funds, modifying accounting practices, and increasing auditing. Part 2 aims to alleviate the crisis by reallocating 4.13% of the budget and capital outlays annually, totaling $4.36 billion, and implementing a 3-phase revenue generation program. Part 3 discusses creating sustainability by transitioning from a defined benefit to defined contribution pension plan. The plan aims to resolve Illinois' $111 billion pension funding shortfall through budget adjustments and inducing business growth.
The document proposes a Payroll Risk Insurance Act that would establish Payroll Risk Insurance Funds in each state. Key points:
- Each state could optionally establish a Payroll Risk Insurance Fund to provide payroll payments to businesses suspended by government order.
- The funds would be financed by assessments on commercial property insurers and overseen by state insurance regulators.
- The federal government would provide low-interest loans to reimburse funds for basic 4-week payroll coverage for small businesses. Much of the loans for small businesses would be forgiven.
- States would have flexibility to design more generous programs than the minimum federal standards but would need to finance any additional costs.
Distribution and Expenditures of Philippine National BudgetPat Reyes
The document provides an overview of the Philippine national budget process and key details of national budgets from 2011-2016. It discusses how the budget is formulated based on agency estimates and submitted to Congress for approval. It also outlines the budget execution process where funds are released and spent. Major allocations in recent budgets have gone to education, infrastructure, social services, and disaster response. The 2015 budget aimed to fund inclusive development through investments in poverty reduction, jobs, and growth while keeping the fiscal deficit below 2% of GDP.
This document outlines a bipartisan plan to reduce the nation's deficits through:
1) Slashing deficits by $3.7-$4.65 trillion over 10 years through spending cuts, entitlement reforms, and tax code overhaul.
2) Stabilizing publicly-held debt by 2014 and reducing it to 70% of GDP by 2021.
3) Implementing reforms through a two-step legislative process of an immediate deficit reduction down payment followed by comprehensive entitlement, spending, tax, and Social Security reforms.
It is impossible to stay solvent with increasing liabilities and decreasing assets. State and Municipal governments are faced with a crucial problem; how to pay off public sector pension plans which have been left underfunded for years. Adding insult to
injury, the market values of the portfolios used to fund these pensions plans have been crippled in the Great Recession. Even more troubling, these defined pension plans, by law, are guaranteed for nearly 80% of public officials no matter the performance of the underlying assets used to finance them. Legislatures are faced with few options; raise taxes, cut spending elsewhere or default on their GO debt.
The document discusses public budgeting and key concepts in federal budgeting. It explains that budgets demonstrate governmental priorities and intentions. The federal budget consists of mandatory spending on entitlement programs as well as discretionary spending debated by Congress. It also discusses deficit versus debt, fiscal policy which refers to taxation and spending, and monetary policy which involves managing interest rates and money supply by the Federal Reserve. Budgets are highly political as they determine winners and losers.
Data-Driven Decision MakingSalomey F. Calixte OllieShoresna
Data-Driven
Decision
Making
Salomey F.
Calixte
MAT210
Prof Evan
Schwartz
9/3/2021
1
Rate of Poverty
United State Poverty Rate
2
Poverty Rate in
States
3
Rate of Poverty
0.00% 5.00% 10.00% 15.00% 20.00% 25.00%
State w ith th e H ig h e st
rate o f P o ve rty
Georgia: District of Columbia:
South Carolina: Alabama:
Kentucky: West Virginia:
New Mexico:
Louisiana: 18.4% Mississippi
4
5
1
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
F ac tors be hind Pove rty
Adverse Weather illiteracy Pandemics Unemployment
Poverty Rate
Description
The graph shows the states with the
highest and lowest poverty rates in
percentage terms. Some of the states
with the highest poverty rates are
Louisiana, Mississippi, West Virginia, and
Georgia (Jelavish, 2021).
6
Important
of the Data
The presentation aims to inform the audience about
the main factors that cause poverty. The data shows
that education is very important in reducing poverty.
The state with the lowest rate of poverty will have the
easiest to implement and manage.
7
Recommendation
Creation of job opportunity
Educating youths to increase the level of
education
Having special attention to the state with
high poverty level
8
Audience
Targeted
The target audience is adults and teenagers
because they have a better understanding of
the issues related to poverty and inequality.
Having teenagers as a part of the group will
help in curbing poverty.
9
Language,
Purpose &
Visual
presentation
The language used in this project is
simple and brief to enable the audience
to understand the presentation. I used a
bar chart to help the adults understand
the basic concepts of presentation.
10
CONCLUSION
Poverty is a social issue that affects every
society. It should be the government's priority.
11
References
References
https://aspe.hhs.gov/topics/poverty-economic-mobility/poverty-estimates-
trends-analysis
(USA, n.d.)
https://www.census.gov/library/publications/2020/demo/p60-270.html
12
https://aspe.hhs.gov/topics/poverty-economic-mobility/poverty-estimates-trends-analysis
https://aspe.hhs.gov/topics/poverty-economic-mobility/poverty-estimates-trends-analysisSlide 1Slide 2Poverty Rate in StatesSlide 4Slide 5Poverty Rate DescriptionImportant of the DataRecommendationAudience TargetedLanguage, Purpose & Visual presentationCONCLUSIONReferences
Policy Basics is a series of brief background reports on issues related to budgets, taxes, and government assistance programs.
Center on Budget and Policy Priorities | cbpp.org
Note: The COVID-19 recession and subsequent relief packages have dramatically changed
spending and revenue levels for fiscal years 2020 and 2021. We use pre-pandemic figures
below ...
1. Himes Hypocrisy
Veterans:
“Governmenthasfewmore sacredobligationsthancaringforthe menand womenwhohave served
and sacrificedforourcountry.Whenyou hearthe storiesof our veterans,youknow thatwe owe thema
debtwe cannot everrepay.But we can try harder.Unfortunately,programsmeanttosupportveterans
inConnecticutandacross the nationhave beenunderfundedandmismanaged.Istronglysupport
Congressional effortstofullyfundthe veterans'healthcare systemtoensure thatour veterans,both
those whohave alreadyservedandthose returningfromIraqandAfghanistangetthe full andtimely
care and benefitstheydeserve.”
10/1/13 H J Resolution 72- VeteransBenefitsContinuingAppropriationsResolution
Thislegislationisamotion to suspendrulesandpassa jointresolutionthatappropriatesfundsfor
militaryandveterans'benefitsandpaymentsforfiscal year2014.
Highlights:
•Extendsappropriationsforcontinuingoperationsandmanagementactivities,includingthe
paymentof veterans’benefits,of the Departmentof Defense thatwere conductedinfiscalyear2013 to
fiscal year2014 (Sec.101).
•Appropriates$2.46 billiontothe Departmentof VeteransAffairsfordepartmental
administration,generaloperatingexpenses,andthe VeteransBenefitsAdministration(Sec.102).
•Authorizesfundingandauthoritygrantedforthe year2014 to be available until 1of the
followingoccurs(Sec.103):
•The enactmentintolawof an appropriationforanyprojector activityprovidedinthisjoint
resolution
•The enactmentintolawof an appropriationsactforfiscal year2014 that doesnot containany
provisionforaprojector activityprovidedinthisjointresolution;orDecember15,2013.
2. GovernmentAccountability
“Whenour electedrepresentativesactirresponsibly,theywaste ourmoneyandundermine our
confidence ingovernment.Unfortunately,we've become jadedbythe immeasurable waste,fraudand
abuse of the Bushadministrationandtheircroniesbothathome andinIraq - all carriedout underChris
Shays'nose while he hasbeena seniormemberof the House OversightCommittee.Ourgovernment
was intendedtobe of the people,bythe people,andforthe people - notlobbyistsandcontractors.
ChrisShays'failure toconduct meaningfuloversightof the Bushadministration,especiallyrelatedtothe
conduct of the Iraq War, has resultedinanimmeasurablyhighcostinlivesandtaxpayerdollars.”
HR 992
In thisquote,Himestalksaboutirresponsibilityandfraud,whichIthinkthisiswhere hishypocrisyreally
takesoff.Fraudis definedaswrongful deceptionintendedtoresultinfinancialorpersonal gain. One of
Himeshardestpushesonlegislationwasforabill writtenbyCitigrouplobbyists.Asitjustsohappens,
Citigroupisalso his#1 financial backer.CitigroupInc.donatedalmost$70,000. 70 of the 85 linesin992
(The Legislation)were writtenbythe lobbyists.Also,Himesreceivedmore moneyfromCitigroupthan
any othermemberof Congress.7of the top 10 interestsfundinghiscampaigncommittee and
leadershipPACwerefinancial servicesinstitutions.Whenthislegislationwaswritten,Himessatonthe
House Financial ServicesCommittee.He’ssupposedto regulatethe financial sector.He callsothers
irresponsible,andcalls themcorrupt,whenhe acts flagrantlycorrupt.
4/4/14 HR 1874
Himesalsotalksabout“accountability”.Well,he votedagainstHouse Resolution1874, the Pro-Growth
BudgetingActof 2014. Thislegislation requiresthe Congressional BudgetOffice toprovide aneconomic
impactanalysisof each"major bill orresolution"thatisreportedbyacongressional committee.
Highlights:
•Requiresthe Congressional BudgetOfficetoprepare a“macroeconomicimpactanalysis”of the
budgetaryeffectsforeach“majorbill orresolution”reportedbyacommittee of the House orSenate for
each of the next4 10-yearfiscal periodsbeginningwiththe firstfiscalyearforwhichanestimate was
prepared(Sec.407).
•Requiresthe “macroeconomicimpactanalysis”todescribe the potential fiscal effectsof the bill or
resolution,includinganyestimatesof revenue increasesordecreasesresultingfromchangesingross
domesticproduct(Sec.407).
•Defines“macroeconomicimpactanalysis”as(Sec.407):
•An estimate of the changesineconomicoutput,employment,interestrates,capital stock,andtax
revenuesexpectedtoresultfromenactmentof the proposal;
•An estimate of revenueeffectsexpectedtoresultfromenactmentof the proposal;and
3. •A statementidentifyingthe critical assumptionsandthe source of data underlyingthatestimate.
•Defines“majorbill orresolution”asanybill or resolutionif the grossbudgetaryforanyfiscal yearin
the periodforwhichan estimate ispreparedisestimatedtobe greaterthan.25 percent of the current
projectedgrossdomesticproductof the UnitedStatesforany suchfiscal year(Sec.407).
•Exemptsbillsintroducedbythe AppropriationsCommittee ineachchamberfromthe provisionsof this
bill (Sec.407).
•Requiresthe macroeconomicimpactanalysistorelyonthe macroeconomicanalysispreparedbythe
JointCommittee onTaxation(Sec.407).
•Requiresthe Congressional BudgetOfficetoreportonthe accuracy of the original macroeconomic
impactanalysisof an enactedbill orjointresolutionuponcompletionof the fifthfiscal yearafterthe
date of enactmentandsubmitthe reportto the Committeesonthe Budgetof the House andSenate
(Sec.407).
If Rep.Himesvaluesaccountability,thenwhywouldhe vote againstthisBill?Itisbecause he knowsthat
any citizencanaccesshis votingrecord,andsee how trulyirresponsible hisvotesare towardshis
constituents.ThisBill wouldexposeHimes.
Education
“As a graduate of goodpublicschools,Iknow firsthandhow adecentpubliceducation canopenall kinds
of doors.Strongpubliceducationisthe cornerstone of ourdemocracyandAmerica'scompetitivenessin
the worldeconomy,anditis part of what instillsthe senseof commongoodthatdefinesusasa nation.
It's time to make a commitmenttoeducatingeveryAmericanchildtohisorher full potential.We know
whatworks:smallerclasssizes,active interventionforchildrenincrisis,more time inschool,first-rate
principals,more flexibilityandautonomyforteachers,andinvolvedparents.We've seenthese good
ideasproventime andagain.It'stime for the federal governmenttostopunfundedmandatesandback-
door privatizationschemesandinsteadinvestinprovenbestpractices.”
“The nationthatbesteducatesitschildrenwill ultimatelybe the nationthatout-innovatesandout-
competesthe restof the world.Nothingismore essentialtoourlong-termprosperitythanour
children'sabilitytobecome the nextgenerationof entrepreneurs,engineers,teachers,andleaders.”
"Look,whyis itthat 40 percentof studentsinBridgeportthatwalkintohighschool asfreshmendon't
walkout as graduates?"
"Education isat the heartof oureconomy…"
5/23/13 HR 1911 BipartisanStudentLoanCertaintyAct/SmarterSolutionsforStudentsAct
Thisbill limitsinterestratesonfederal studentloans,beginningonor afterJuly1, 2013.
Highlights:
4. •Limitsthe interestrate forFederal DirectStaffordLoansandFederal DirectUnsubsidizedStafford
Loans issuedtoundergraduate studentstothe lesserof the following(Sec.2):
•A rate equal tothe highyieldof the mostrecent10-year Treasurynote auctionedpriortoJune 1 of
that yearplus2.05 percent;or
•A rate no more than8.25 percent.
•Limitsthe interestrate forFederal DirectUnsubsidizedStaffordLoansissuedtograduate or
professionalstudentstothe lesserof the following(Sec.2):
•A rate equal tothe highyieldof the mostrecent10-year Treasurynote auctionedpriortoJune 1 of
that yearplus3.6 percent;or
•A rate no more than9.5 percent.
•Limitsthe interestrate Federal DirectPLUSLoans to the lesserof the following(Sec.2):
•A rate equal tothe highyieldof the mostrecent10-year Treasurynote auctionedpriortoJune 1 of
that yearplus4.6 percent;or
•A rate no more than10.5 percent.
•Requiresthe interestrate foraFederal DirectStaffordLoan,a Federal DirectUnsubsidizedStafford
Loan, or a Federal DirectPLUSLoan to remainfixedforthe periodof the loan(Sec.2).
•Requiresthe ComptrollerGeneral tosubmitareportto Congressregardingthe actual costsof student
loanprograms andto propose waysof administeringthemwithoutgeneratingadditional revenue tothe
federal governmentwithin120days of the enactmentof thisbill (Sec.4).
Economy
"I'm runningforCongresstoensure thatour economyonce againoffershope andopportunitytoevery
American.Betweenrisingcosts,the healthcare crisis,andthe unstable housingmarket,familiesinour
districtknowthatour economyisin badshape.I will bringnew energyandideastoCongresstofightfor
the change that our familiesneed."
“Our presenteconomicmessisnoaccident.Itisa resultof the disastrousfiscal policiesof George Bush
and ChrisShaysthat have made us debtorstothe rest of the worldandwhichtookthe referee off the
fieldata momentof financial peril.We will getoureconomygoingagainbyrestoringconfidence inour
economicinfrastructure:ourbanks,ourcapital markets,ourcompaniesandourconsumers.We must
craft tax policiesandcreate infrastructurewhichencourage jobsathome ratherthanabroad.”
“If I hearone consistentmessage fromlocal businessesabouthow we canhelpthemexpandandcreate
more jobs,itis that we mustimprove ourinfrastructure.”
4/9/12 HR 9-Income Tax DeductionforSmall Businesses
5. Thisresolutionestablishesanincome tax deductionof 20 percentforsmall businesses,beginninginthe
2012 tax year.
Highlights:
•Authorizesaqualifiedsmall businesstoclaimatax deductionof 20 percentof the lesser of the
following(Sec.2):
•Qualifieddomesticbusinessincome forthe taxableyear;or
•Taxable income forthe taxable year.
•Definesa“qualifiedsmall business”asanyemployerengagedinatrade or businesswhoemploys
fewerthan500 full-timeemployees(Sec.2).
•Defines“qualifieddomesticbusinessincome”asthe businesses'grossreceiptsforthe taxable year,
minusthe cost of any goodsthat were sold,businessexpenses,andlosses(Sec.2).
•Limitsthe deductionto50 percentof the greaterof the following(Sec.2):
•The wagespaidto employeeswhoare notownersof the business;or
•The sumof the wagespaidto non-ownerfamilymembersandownersof lessthan10 percentof the
business'stock,capital orprofits.
2/5/15 HR 527 Small BusinessRegulatoryFlexibilityImprovementsActof 2015
HR 527 requiresfederalagenciestoconsiderandpropose alternativesforanyproposedrule thathas
any significanteconomicimpactonsmall businesses.
Highlights:
•Defines“economicimpact”asany directeconomiceffectandany“reasonablyforeseeable”indirect
economiceffectonsmall businessesresultingfromaproposedorfinal rule (Sec.2).
•Expandsthe informationthatanagency isrequiredtoinclude initsinitialandfinal regulatoryflexibility
analysis,including,butnotlimitedto,adetaileddescriptionof anydisproportionate economicimpact
on small businesses(Sec.4).
2/13/15
America'sSmall BusinessTax Relief Actof 2015
6. America'sSmall BusinessTax Relief Actof 2015 extendscertainsmall businesstax allowancesfortaxable
yearsbeginningafterDecember31,2014.
Highlights:
•Extendscertainincreasedexpensingallowancesforadepreciablebusinesspropertyunderthe Internal
Revenue Code of 1986, including,butnotlimitedto,the followingallowances(Sec.2):
•The $500,000 expensingallowance forsuchproperty;
•The $2 millionthresholdamountforsuchpropertyafterwhichthe expensingallowance amountis
reduced;and
•The allowance forcomputersoftware expenditures.
•Reduces the periodinwhichthe built-ingainsof anS corporationare subjecttotaxationpermanently
from10 yearsto 5 years (Sec.3).
•Establishesexpensingallowancesforairconditioningandheatingunits(Sec.2).
7/26/12 HR 4078 Red Tape ReductionandSmall BusinessJobCreationAct
HR 4078 prohibits"significantregulatoryactions"until the UnitedStatesunemploymentrate is6
percentor less.
Highlights:
•Prohibitsanagencyfromtakingany “significantregulatoryaction”until the unemploymentrate is
equal toor lessthan6 percent(Sec.102).
•Defines“significantregulatoryaction”asanyactionthat is likelytoresultinarule or guidance witha
fiscal effectof $50 millionormore asdeterminedbythe Office of ManagementandBudget,orto
adverselyaffectone of the following,including,butnotlimitedto(Sec.105):
•The economy;
•Jobs;
•The environment;or
•Publichealthorsafety.
•Authorizesanagencyto take a “significantregulatoryaction”if the PresidentdeterminesbyExecutive
Orderthat the action isany of the following(Sec.103):
7. •Necessarybecause of animminentthreattohealth,safety,oranotheremergency;
•Necessaryforthe enforcementof criminal orcivil rightslaws;
•Necessaryforthe national securityof the UnitedStates; or
•Issuedpursuanttoany statute that implementsaninternational trade agreement.
•Authorizesthe Presidenttosubmitarequestfora “significantregulatoryaction”toCongressfora
waiverif the actionisnot eligible foraPresidential waiver(Sec. 103).
•Prohibitsanagencyfromproposingor finalizinga“midnightrule”thatislikelytoresultinafiscal effect
of $50 millionormore as determinedbythe Office of ManagementandBudget,ortoadverselyaffect
any of the following,including,but notlimitedto(Sec.202):
•The economy;
•Jobs;
•The environment;or
•Publichealthorsafety.
•Defines“midnightrule”asanyagencystatementissuedduringaspecifiedperiodof time thatis
intendedtohave the force andeffectof a law and isdesigned forone of the followingreasons(Sec.
205):
•To implement,interpret,orprescribe law orpolicy;or
•To describe the procedure orpractice requirementsof anagency.
•Exemptsagenciesfromthe provisionsof thisbill if adeadlineforactionmeetsthe followingcriteria
(Sec.203):
•Is for,relatingto,or involvingany“midnightrule”;
•Is establishedbefore the beginningof the temporaryprohibitionon“significantregulatoryaction”;or
•Is requiredtobe takenduringthe temporaryprohibitionon“significantregulatoryaction.”
4/16/15 HR 622 State and Local SalesTax DeductionFairnessActof 2015
Thisact authorizestaxpayerstodeductstate andlocal salestaxesfromfederal tax returns,effective
everytaxable yearafterDecember31, 2014.
8. Highlights:
•Extendsindefinitelythe deductionof state andlocal salestaxesfromfederal tax returns,inplace of
state and local income tax deductions(Sec.2).
2/13/15 HR 636 America’sSmall BusinessTax Relief Act
ThisTax Relief Actextendscertainsmall businesstax allowancesfortaxable yearsbeginningafter
December31, 2014.
Highlights:
•Extendscertainincreasedexpensingallowancesforadepreciablebusinesspropertyunderthe Internal
Revenue Code of 1986, including,butnotlimitedto,the followingallowances(Sec.2):
•The $500,000 expensingallowance forsuchproperty;
•The $2 millionthresholdamountforsuchpropertyafterwhichthe expensingallowance amountis
reduced;and
•The allowance forcomputersoftware expenditures.
•Reducesthe periodinwhichthe built-ingainsof anS corporationare subjecttotaxationpermanently
from10 yearsto 5 years (Sec.3).
Additional Research
Approval Ratings:
2010: National Tax PayersUnion(PositionsonTax and Spending) 13%
-The National Tax PayersUnionratesRepresentativesandSenatorsontheirvotes.Everyvote
the affectstaxes,spending,anddebt.The NTUvotingstudyisthe fairestandmostaccurate guide
available oncongressional spending.All membersare treatedthe same,regardlessof politicalaffiliation,
and has nopartisanaxe to grind.
2014: UnitedStatesChamberof Commerce 47%
-World’slargestbusinessorganizationrepresentingthe interestsof more thanthree million
businessesof all sizes,sectors,andregions.Members range fromsmall shopstolarge corporations.
Theyall share one thing-theycountonthe chamberto be theirvoice inWashington.
2013-2014: National Federationof IndependentBusiness0% (2011-9%)
9. -America’sleadingsmall businessassociation,promoting andprotectingthe rightof our
memberstoown,operate,andgrowtheirbusiness.Theyhave 325,000 members,andisa nonpartisan
organization.
2013-2014: AssociatedGeneral Contractorsof America45%
-The leadingassociationforthe constructionindustry.Thisassociationrepresentsmore than
26,000 firms.More than10,500 service providersandsuppliersare alsoassociatedthrougha
nationwide networkof chapters.
2013-2014 Metals Service CenterInstitute 16%
-Broadestbase associationservingthe industrial metalsindustry.The premiermetalstrade
association,MSCIprovidesvisionandvoice tothe metalsindustry,alongwithtoolsandperspective
necessaryforrunninga successful business.
2013-2014: National Small BusinessAssociation30%
2013-2014: National Retail Federation-PositionsonBudget/Tax 0%
-The world’slargestretail trade association.Itsmembersincludedepartmentstores,specialty,
discount,catalog,internet,independentretailers,chainrestaurants,andgrocerystores.
2013-2014: Small BusinessandEntrepreneurshipCouncil25%
-Anadvocacy,research,educationandnetworkingorganizationdedicatedtoprotectingsmall
businessandpromotingentrepreneurship.The council workstoeducate onhow to enable business
start up and growth.Itis viewedasone of the mostpowerful andeffective organizationsforprotecting
small businesses.
2012: National Associationof Manufacturers33%
-The largestmanufacturingassociationinthe UnitedStates,representingsmall andlarge
manufacturersineveryindustrial sectorandinall 50 statesManufacturingemploysmore than12
millionmenandwomen,contributes2.09 trilliontothe US economy annually,andhasthe largest
economicimpactof any majorsector,accountingfor more thenthree quartersof all private sector
researchand developmentinthe nation.
2011-2012: AssociatedBuildersandContractors12%
-A national constructionindustrytrade associationrepresentingnearly21,000 chapter
members.ABCandits70 chaptershelpmembers develop,winwork,anddeliverthatworksafely,
ethically,profitability,andforthe bettermentof the communitiesinwhichABCanditsmemberswork.
2011-2012: IndependentElectrical Contractors 25%
10. -A national trade associationforelectrical andsystemscontractors.IECbelievesindeveloping
and fosteringastrongereconomythroughthe level of qualityandservicesitsmembersprovide tothe
industry.
2011-2012: International WarehouseLogisticsAssociation30%
-Representsawide range inmembercompanies.Thesecompaniesprovide warehousing,
fulfillment,reverse logistics,transportation,freightforwarding,brokerage services,inventory,supply
chainmanagement,anda broadrange of manufacturingandvalue addedservices.
2011-2012: National Stone,Sand,andGravel Association30%
-The leadingvoice andadvocate forthe aggregatesindustry.The membersare stone,sand,and
gravel producersandthe equipmentmanufacturerswhosupportthem.Theyare alsoresponsiblefor
the essential rawmaterialsfoundineveryhome,building,road,bridge,andpublicworksproject.
2011-2012: Plumbing,Heating,andCoolingContractorsAssociation30%
-The PHCC isthe oldesttrade associationinthe constructionindustry.Itisthe premier
organizationforthe PHC professional.
2011: The National LumberandBuildingMaterial DealersAssociation20%
-Representsitsmemberswithemphasistoeducate,promote the industry,assistgovernmentin
the developmentof laws,regulationsandpoliciesaffectinglumberandbuildingmaterialdealers,its
customers,andsuppliers.
2009-2010: BusinessIndustryPolitical ActionCommittee 26%
-A non partisan,missiondrivenorganizationdedicatedtoincreasingthe political effectivenessof
America’sbusinesscommunity.Theywork toimprove the political climateinAmericaforthe business
community.BIPACismade upof hundredsof businessesandassociationsandhasdeploymentpartners
all across the US.
2009: Heritage Alliance 5%
-To empowerthe handful of citizensnecessarytorestore the principlesof limitedgovernment,
and free enterprise.
2014: LibertyGuard 0%
-The fastestgrowingprolibertyorganization.Libertyguardstandsforprivacy,personal
autonomy,individualfreedom, freedomfromfederaloutreach,andfromanoverlycomplicatedtax
code that hamperseconomicgrowth.
2013-2014: CenterforSecurityPolicy7%