Latest House committee Stories

2009-07-18 06:50:00

In a 23-18 vote, the House Ways and Means Committee approved new legislation on Friday that would impose a sizeable tax on wealthy Americans to fund the estimated $1 trillion in costs for healthcare reform. The new taxes would be imposed on couples earning more than $350,000 a year.  However, critics of the plan say it would do little, if anything, to curb rising healthcare costs, and that it would significantly harm small businesses that fall into this tax category.   The...

Word of the Day
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.