House Speaker targets marriage tax penalties
Speaker Newt Gingrich pushes to eliminate the marriage penalty as a centerpiece of next year’s tax cut. Christina Martin notes Gingrich backs a proposal by Reps. McIntosh and Weller to end the penalty. In 1996 about 21 million married couples paid a mean $1,400 extra tax, while 25 million benefited $1,300 from joint filing per the CBO. The penalty arises from marginal tax rates on the second earner.
MENTIONED IN THIS ARTICLE
Washington
Newt Gingrich
Christina Martin
Gingrich
Georgia
David McIn
Tosh
R-Ind
Jerry Weller
Congressional Budget Office
CBO
Probers using new tools to fight Medicare fraud
Federal investigators preview a video showing a doctor taking cash for signing fraudulent Medicare bills as lawmakers tout new funds and tools. Rep. Bill Thomas cites landmark anti fraud measures. Dr. Rafael Gonzalez fled after a 3.5 million fine. Medicare fraud cost 23 billion in 1996. New laws expand penalties and breach efforts.
MENTIONED IN THIS ARTICLE
Washington
Rep
Bill Thomas
R-Calif
House
Ways and Means
Capitol Hill
Rafael Gonzalez
New York
Gonzalez
Dominican Republic
Thomas
Justice Department
Janet Reno
Medicare
Inspector General of the Health and Human Services
Congress
FBI
HHS
Ari Fleischer
Subcommittee
FCC adopts licensing rules for satellite systems
The FCC approved licensing for five companies to build low earth orbit satellites providing mobile data services such as email fax vehicle tracking and remote meter reading. The rules aim to boost competition reduce prices and avoid interference with weather satellites. These are data only satellites unlike Iridium and Globalstar which offer voice services.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
Iridium
Globalstar
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