3.0.0 818 2023-01-11T19:46:24Z 2023-01-11T19:46:24Z Senate S S 2007-03-08 110 ssfi00 Finance Committee Senate Standing Referred to 2007-03-08T21:35:57Z 2007-03-08 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-03-08 Sponsor introductory remarks on measure. (CR S2910-2913) IntroReferral B00100 9 Library of Congress 2007-03-08 Introduced in Senate IntroReferral 10000 9 Library of Congress S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT N Taxation Affordable housing Alternative energy sources Armed Forces and National Security Block grants Budget deficits Community health services Congress Day care Defense budgets Dental care Disabled Earned income tax credit Economics and Public Finance Education Elementary and secondary education Energy Energy conservation Energy efficiency Families Federal aid to child health services Federal aid to education Federal aid to health facilities Federal aid to housing Federal aid to transportation Government trust funds Health Health insurance Higher education Highspeed ground transportation Housing and Community Development Income tax Job creation Labor and Employment Mass rapid transit Medically uninsured Poor children Preschool education Rental housing Residential rehabilitation Scholarships Social Welfare Special education Sunset legislation Tax rates Transportation and Public Works Veterans' medical care Waste in government spending Taxation 00 2007-03-08 Introduced in Senate 2007-05-15T16:15:15Z National Priorities Act of 2007 - Rescinds after 2008 income tax reductions enacted under the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 for taxpayers with gross incomes in 2008 of over $400,000.

Reduces funding for the Department of Defense by $60 billion in FY2008. Authorizes the Secretary of Defense to make reductions by eliminating waste, fraud, and abuse, and weapon systems and other programs determined to be no longer a national security priority. Exempts from such reductions the needs of military personnel, including pay increases and health care.

Dedicates increases in revenues resulting from this Act to: (1) various programs for health care, education, energy conservation, and affordable housing; (2) increasing the earned income credit; and (3) reducing the federal deficit.

]]> National Priorities Act of 2007 Official Title as Introduced A bill to expand the middle class, reduce the gap between the rich and the poor, keep our promises to veterans, lower the poverty rate, and reduce the Federal deficit by repealing tax breaks for the wealthiest one percent and eliminating unnecessary Cold War era defense spending, and for other purposes. Introduced in Senate IS Display Title National Priorities Act of 2007 Short Titles as Introduced National Priorities Act of 2007 Introduced in Senate 2007-03-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s818is/xml/BILLS-110s818is.xml 2007-03-08 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.