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Friday, May 23, 2008
Congress Sends Bush Fair Share Act
When the Senate unanimously approved the Heroes Earnings Assistance and Relief Tax (HEART) Act (HR 6081) on Thursday, two days after the House approved it 403-0, it also approved a measure that would force federal contractors employing American workers through offshore shell companies to pay Social Security and Medicaretaxes. If signed by the president, the bill's enactment would result in hundreds of billions of in new revenues.
The provision is based on the Fair Share Act of 2008 (HR 5602). U.S. PIRG has been a champion of the measure, and OMB Watch had signed on to a U.S. PIRG letter urging Senators to approve the provision.
And score another victory for PAYGO! The Fair Share Act is one of three provisions that fully offset the $1.3 billion tax bill. This is real victory for the fiscally responsible and advocates of fair tax policy .
Posted by Craig Jennings
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