What: All Issues : Fair Taxation : A vote on passage of a Democratic amendment to the budget resolution bill (S. Con. Res. 95) creating a reserve fund that would allow up to $1.4 billion in additional funds in fiscal 2005 for firefighter grant and assistance programs, paid for by reducing tax breaks for the top one percent of income earners. (2004 senate Roll Call 42)
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A vote on passage of a Democratic amendment to the budget resolution bill (S. Con. Res. 95) creating a reserve fund that would allow up to $1.4 billion in additional funds in fiscal 2005 for firefighter grant and assistance programs, paid for by reducing tax breaks for the top one percent of income earners.
senate Roll Call 42     Mar 11, 2004
Progressive Position:
Yea
Progressive Result:
Loss

This amendment offered by Sen. Paul Sarbanes (D-Md.) to the budget resolution bill (S. Con. Res. 95) was rejected 41-55, notwithstanding an impassioned plea by progressives for passage of this measure creating a reserve fund that would allow up to $1.4 billion in additional funds in fiscal 2005 for firefighter grant and assistance programs. It also would pay for the program and reduce the debt by reducing the tax breaks for the top one percent of income earners. That was the catch for conservatives - who promptly dismissed it as an imposition of new taxes. No Republicans voted in favor of Sarbanes' amendment. The way in which Congress develops tax and spending legislation is guided by a set of specific procedures laid out in the Congressional Budget Act of 1974. Most importantly, the Budget Act calls for the annual development of a congressional "budget resolution." This resolution sets overarching limits on spending and on tax cuts that apply to legislation developed by individual committees - including the appropriations committees, tax-writing committees, and other committees that have jurisdiction over certain spending programs - as well as to any amendments offered to such legislation on the House or Senate floor.

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