With President Obama reelected, the Democrats still in control of the Senate and Republicans still in control of the House, the 2012 elections are being seen as a continuation of the status quo. There are, however, a net gain of two Democrats in the Senate and potentially several more in the House once all election results are finalized.
With the elections over, the focus has shifted to the fiscal cliff and financial markets. Since the election, Speaker John Boehner (R-OH-8th) and Majority Leader Harry Reid (D-NV) have expressed interest in compromising on a fiscal cliff deal, with Rep. Boehner for the first time indicating that new revenue sources may be considered.
As long as some agreement can be found on tax legislation in general, there is a high probability that tax extenders will pass during the lame duck session. Though the House version of tax extenders likely will not include the 9% floor, Rep. Pat Tiberi (R-OH-12th) has indicated privately that he is in support of deferring to the Senate extension of the 9%floor during conference.
Senate and House leadership will likely remain the same, with the possible exception of Rep. Nancy Pelosi (D-CA-8th) who is considering relinquishing her Minority Leader position. On the tax writing committees, the Chairmen and Ranking Members are expected to remain the same. There will, however, be several new members on both tax-writing committees. Open seats on the House Ways and Means Committee will likely be determined in the coming weeks by House leadership.
Conversations have begun regarding securing more federal disaster recovery resources for the region impacted by Hurricane Sandy, and it is anticipated that there will be serious consideration of a “Sandy supplemental” bill during the lame duck session.
Advocates are encouraged to use the Tiberi-Neal “Dear Colleague” letter to talk with your Representative about cosponsoring H.R. 3661. Contact the member of Congress that represents your district and ask that s/he support and cosponsor the A.C.T.I.O.N. proposal legislation in the House (H.R. 3661), if s/he has not already.
Use the Cantwell-Snowe “Dear Colleague” letter to talk with your Senator about cosponsoring S. 1989. Contact your Senators ask that s/he support and cosponsor the A.C.T.I.O.N. proposal legislation in the Senate (S. 1989), if s/he has not already.
Click here to view the two letters, other materials and information about the A.C.T.I.O.N. Campaign.