News

Congress Faces Crowded Legislative Schedule in Few Remaining Weeks

With just three to four legislative weeks left in Congress before the November 2 election, a number of outstanding issues remain. It is unlikely that both chambers will pass a bill that has created one of the biggest and most partisan debates leading up to this election: a package addressing the 2001 and 2003 tax cuts, which expire in December. The debate has centered on extending the tax cuts for all but the wealthiest 2 percent of households, or for everybody. Congress will likely fail to pass the FY11 appropriations bills before October 1, resulting in a must-pass continuing resolution extending federal spending at current levels. Other major legislative items on the Democratic leadership’s list include a defense authorization bill (on which the Senate will vote on Tuesday); a reauthorization of the FAA programs that expire at the end of September; and a food safety bill.  If the Senate invokes cloture on the defense authorization on Tuesday, it will open the bill up to two items Democrats want to deliver before the elections: the repeal of Don't Ask, Don't Tell, and the DREAM Act, which would allow a path to citizenship for illegal immigrants brought into this country as minors by their parents if these illegal immigrants are paying taxes, attending college or serving in the U.S. military. Items with little chance of passage or debate include card check, climate change, comprehensive immigration reform and telecommunications. AGC has been urging Congress and the White House to finish work on long-term transportation and water infrastructure spending bills, and keep income tax rates (especially the death tax) from soaring to help construction industry employment recover from millions of lost jobs. AGC believes the stopgap funding for transportation isn’t providing the certainty companies need for hiring and growing. In addition, the prospect of a leap in taxes is deterring private investment.