HR 1586 - Aid To States for Medicaid, Teacher Employment, and Other Purposes - National Key Vote

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Title: Aid To States for Medicaid, Teacher Employment, and Other Purposes

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that appropriates money to the States for teacher employment purposes and increases the Federal Medical Assistance Percentage for qualifying states for parts of fiscal year 2010-2011.

Highlights:

  • Appropriates $10 billion for the Education Jobs Fund to be allocated to states for the retention, rehiring, or hiring of elementary and secondary education employees (Sec. 101).
  • Establishes the following Federal Medical Assistance Percentage (FMAP) increases for fiscal year 2010-2011 for states whose fiscal year 2010-2011 FMAPs would otherwise be less than their FMAPs for any single fiscal year from FY 2007-2008 to FY 2009-2010 (Sec. 201):
    • An increase of 3.2 percent in the second quarter; and
    • An increase of 1.2 percent in the third quarter.
  • Extends the period during which a state can receive a further increase in its FMAP if it has as a specified level of increase in unemployment so that eligibility ends on January 1, 2011 rather than July 1, 2010 (Sec. 201).
  • Repeals a provision in the Internal Revenue Code of 1986 that allows for "advanced payment of earned income credit" (Sec. 219).
  • Rescinds funds that include, but are not limited to, the following amounts (Secs. 301-330):
    • $2.2 billion from federal aid to the states for highways;
    • $1.5 billion from the Department of Energy's Innovative Technology Loan Guarantee Program;
    • $340 million from the Department of Defense's Army construction funds;
    • $302 million from the Department of Commerce's Broadband Technology Opportunities Program;
    • $122 million from the Department of Agriculture's rural development funds.

See How Your Politicians Voted

Title: Aid To States for Medicaid, Teacher Employment, and Other Purposes

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that appropriates money to the States for teacher employment purposes and increases the Federal Medical Assistance Percentage for qualifying states for parts of fiscal year 2010-2011.

Highlights:

  • Appropriates $10 billion for the Education Jobs Fund to be allocated to states for the retention, rehiring, or hiring of elementary and secondary education employees (Sec. 101).
  • Establishes the following Federal Medical Assistance Percentage (FMAP) increases for fiscal year 2010-2011 for states whose fiscal year 2010-2011 FMAPs would otherwise be less than their FMAPs for any single fiscal year from FY 2007-2008 to FY 2009-2010 (Sec. 201):
    • An increase of 3.2 percent in the second quarter; and
    • An increase of 1.2 percent in the third quarter.
  • Extends the period during which a state can receive a further increase in its FMAP if it has as a specified level of increase in unemployment so that eligibility ends on January 1, 2011 rather than July 1, 2010 (Sec. 201).
  • Repeals a provision in the Internal Revenue Code of 1986 that allows for "advanced payment of earned income credit" (Sec. 219).
  • Rescinds funds that include, but are not limited to, the following amounts (Secs. 301-330):
    • $2.2 billion from federal aid to the states for highways;
    • $1.5 billion from the Department of Energy's Innovative Technology Loan Guarantee Program;
    • $340 million from the Department of Defense's Army construction funds;
    • $302 million from the Department of Commerce's Broadband Technology Opportunities Program;
    • $122 million from the Department of Agriculture's rural development funds.

See How Your Politicians Voted

Title: TARP Recipient Bonuses Tax

Vote Smart's Synopsis:

Vote to pass a bill that taxes executive bonuses paid by companies who received funding under TARP at a rate of 90%.

Highlights:

  • Taxes 90% of TARP bonuses received by a taxpayer (Sec. 1).
  • Defines a TARP bonuses as the lesser of retention payments, incentive payments, and other bonuses which are in addition to regular pay or adjusted gross income over 250,000 dollars for an individual filer, or income over 125,000 dollars (Sec. 1).
  • Only applies the tax to people who received more than $5 billion under TARP, the Federal National Mortgage Association, the Federal Home Loan Mortgage Association, and any related members or partners (Sec. 1).

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