Daily Tax Update - April 17, 2013: House Democrats Urge Boehner to Convene Budget Conference

HOUSE DEMOCRATS CALL ON BOEHNER TO CONVENE BUDGET CONFERENCE:  Today, the Democratic members of the House Budget Committee sent House Speaker John Boehner a letter urging him to convene a formal budget conference. Both the House and Senate have passed differing budget resolutions.

The letter states, "Now that President Obama has provided his spending blueprint for the approaching fiscal year, it is the responsibility of both chambers to promptly organize a conference committee and proceed with budget deliberations under regular order."  The letter adds that “there is no excuse for dysfunction in Congress, and there can be no justification for the failure to engage in a meaningful attempt to find common ground.”

The letter continues, "The American people, many of whom are still enduring the effects of an economy in recovery, deserve no less than an honest and serious effort by the House and Senate to reconcile differences and move our nation forward by enacting a budget."


S.742: A bill to amend the Internal Revenue Code of 1986 and the Small Business Act to expand the availability of employee stock ownership plans in S corporations, and for other purposes. 
Sponsor: Sen Cardin, Benjamin L. [MD] (introduced 4/16/2013)      Cosponsors (6) 
Latest Major Action: 4/16/2013 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.