This is the bill that is being voted on in the Senate now as I type this on December 23, 2009. The Speaker just called the name of it.
It’s not even called a health care bill.
Service Members Home Ownership Tax Act of 2009
and here’s an overview of the bill that was sponsored by Charles Rangel.
“H.R. 3590 would modify the first-time homebuyers’ tax credit for Armed Forces members, as well as Foreign Service and Intelligence Community employees on extended duty. The bill would waive recapture of the credit for qualifying individuals who must sell a residence after December 31, 2008, due to government orders for extended duty.
H.R. 3590 also extends the tax credit for taxpayers who serve on duty outside of the U.S. for at least 90 days in 2009, and who purchase homes before December 1, 2010. Qualifying taxpayers would also be permitted to treat a purchase made between December 31, 2009, and July 1, 2010, as a purchase made in a prior year for tax purposes. The extension would apply to residences purchased after November 30, 2009.
To offset the cost of the legislation, the bill increases the penalties for failure to file a partnership or S-corporation return from $89 to $110, beginning in taxable years following December 31, 2009. H.R. 3590 also increases by half percentage point-to 100.75 percent-the amount of any required installment of corporate estimated tax which is otherwise due in July, August, or September 2014.”
They keep calling it a health care bill. What in the world does this have to do with health care? This is just too much monkey business. It appears the Senate amended the bill by 99 percent. Why they didn’t start out with a bill entitled correctly I’ll never know.
OpenCongress.org reports that this bill is being used as the vehicle for the Senate’s health care bill.
Updated: It appears that the name was changed upon the vote on December 24th. When it arrived at the Senate from the House, it contained some 970 words. It went to 353,530 words and the title was changed to read “Patient Protection and Affordable Care Act.”
You can read the full text of the bill here, as well as chart its path from the House of Representatives to its passage in the Senate. There’s also a place to vote approval or disapproval of the bill. It stands at 24 % approval.
Posted: 12.23.09 Undated: 12.26.09 @2:33 p.m.