Daily Tax Update - November 15, 2013: House Passes "Keep Your Plan" Health Care Bill

HOUSE  PASSES “KEEP YOUR PLAN” HEALTH CARE BILL:  Today, the House passed a bill, “The Keep Your Health Plan Act," that allows insurance companies to sell the old health insurance plans to customers who previously had them, as well as new customers, for another year.  Thirty-nine Democrats voted in support of the bill and four Republicans voted against it.  The bill was approved by a vote of 261 to 157.  The White House has threatened to veto the legislation.

House Majority Leader Eric Cantor said, “The White House doesn't even know how they're going to implement the plan they announced yesterday. This proposal that we're talking about here… aims to help Americans keep their health insurance and give their neighbors a chance to buy the same plans, rather than forcing them onto a faulty website to buy new coverage they may not like or cannot afford.”

The White House released a fact sheet on its “administrative fix” via:http://www.whitehouse.gov/the-press-office/2013/11/14/fact-sheet-new-administration-proposal-help-consumers-facing-cancellatio

TAX BILLS INTRODUCED NOVEMBER 14:

1. [113rd] H.R.3490 : To amend the Internal Revenue Code of 1986 to extend and expand the deduction for certain expenses of elementary and secondary school teachers.
Sponsor: Rep Graves, Sam [MO-6] (introduced 11/14/2013)      Cosponsors (1) 
Committees: House Ways and Means 
Latest Major Action: 11/14/2013 Referred to House committee. Status: Referred to the House Committee on Ways and Means.


2. [113rd] H.R.3491 : To amend the Internal Revenue Code of 1986 to regulate and tax Internet gambling, and for other purposes.
Sponsor: Rep McDermott, Jim [WA-7] (introduced 11/14/2013)      Cosponsors (None) 
Committees: House Ways and Means; House Education and the Workforce 
Latest Major Action: 11/14/2013 Referred to House committee. Status: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


3. [113rd] H.R.3497 : To amend the Internal Revenue Code of 1986 to increase the dollar limitation on the exclusion for employer-provided dependent care assistance.
Sponsor: Rep DeLauro, Rosa L. [CT-3] (introduced 11/14/2013)      Cosponsors (None) 
Committees: House Ways and Means 
Latest Major Action: 11/14/2013 Referred to House committee. Status: Referred to the House Committee on Ways and Means.


4. [113rd] S.1706 : A bill to amend the Internal Revenue Code of 1986 to permit the Secretary of the Treasury to issue prospective guidance clarifying the employment status of individuals for purposes of employment taxes and to prevent retroactive assessments with respect to such clarifications.
Sponsor: Sen Brown, Sherrod [OH] (introduced 11/14/2013)      Cosponsors (7) 
Committees: Senate Finance 
Latest Major Action: 11/14/2013 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.


5. [113rd] S.1713 : A bill to amend the Internal Revenue Code of 1986 to increase the dollar limitation on the exclusion for employer-provided dependent care assistance.
Sponsor: Sen Murphy, Christopher S. [CT] (introduced 11/14/2013)      Cosponsors (None) 
Committees: Senate Finance 
Latest Major Action: 11/14/2013 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.