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FISA Section 702

Section 702 of FISA authorizes a program of surveillance activities targeting non-U.S. persons reasonably believed to be located outside the United States for the purpose of acquiring foreign intelligence information. It expires at the end of this year.

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Alexander-Murray and Collins-Nelson Bipartisan Stabilization Bills

The Bipartisan Health Care Stabilization Act of 2017 is an agreement between Senators Alexander and Murray to temporarily fund cost-sharing reduction subsidies and to make other changes to Obamacare. The Lower Premiums Through Reinsurance Act of 2017 was first introduced by Senators Collins and Nelson on September 19 and is aimed at stabilizing the individual market by funding new risk mitigation programs.

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Conference Report for the Tax Cuts and Jobs Act of 2017

The conference report would lower individual, small business, and corporate tax rates. It nearly doubles the standard deduction, effectively eliminates Obamacare’s individual mandate, increases the child tax credit, eases the burden of the estate tax, and includes other provisions lowering taxes for individual people and families. For small businesses, the conference report includes a deduction to lower the marginal tax rate applied to pass-through business income. For corporations, the conference report lowers the tax rate to 21 percent, moves to a territorial tax system for international operations, and simplifies the corporate tax code.

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Tax Relief's Strong Economic Growth: A Response to JCT

Mainstream economists believe that the tax relief bill will lead to an economy that is 3 to 5 percent larger. The Joint Committee on Taxation, on the other hand, predicts that tax relief will lead to an economy that is only 0.8 percent larger. JCT’s assumptions are overly pessimistic and cause its prediction to be far below consensus estimates.

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Senate RPC @SenateRPC

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