Welcome to the 113th Congress

The 113th Congress will be sworn in today, and John Boehner is expected to retain his speakership despite displeasure with his handling of the fiscal cliff voiced by some of the more conservative members of the House Republican Caucus. After putting off a vote on disaster assistance for states affected by Hurricane Sandy, House Leadership… More »

Energy Tax Provisions in the Fiscal Cliff Compromise

Credit for certain nonbusiness energy property (25C). The bill extends for two years, through 2013, the credit under Section 25C of the Code for energy-efficient improvements to existing homes, reinstating the credit as it existed before passage of the American Recovery and Reinvestment Act. Standards for property eligible under 25C are updated to reflect improvements… More »

Last Day of the 112th Congress

Today is the final full day of the 112th Congress and no votes are scheduled although both chambers will convene. The day had been set aside to debate a $27 billion Hurricane Sandy Disaster Relief package for near term needs and $33 billion for longer term projects needed for recovery. However, it does not appear… More »

Fiscal Cliff Proposal Summaries

Below are useful summaries of the fiscal cliff proposal put forward and passed by the US Senate on 01/01/2013. Side by side comparison 1 Page Summary of Proposal Finance Committee Summary Health Provisions Health Provision Offsets