Tuesday, September 21, 2010

foreclosure defense


Yesterday, I mentioned the Office of the Homeowner Advocate, an attempt by Sen. Al Franken to get an independent review process for HAMP, the Treasury Department foreclosure mitigation program which has failed homeowners while merely extending foreclosures out a bit and squeezing additional payments into the hands of the banks. Today, this common-sense effort to get some accountability and oversight over what the banks have been doing in HAMP has found its way into a new version of the tax extenders bill, a catch-all, end-of-the-year effort that could be a vehicle for several measures which have hung around in the Senate.


Max Baucus introduced the bill today, and in addition to the OHA, it includes a number of provisions. Here’s a summary, and as you can see it’s really a catch-all. There are dozens of “tax extenders,” the initial name for the bill, including a one-year extension of the R&D tax credit (unlike the permanent extension called for by the President), and the ubiquitous “small business tax credits” in every bill out of Washington these days.


The bill would extend the TANF Emergency fund, a successful stimulus program which subsidizes jobless workers and is responsible for 250,000 jobs, by one estimate. 30 Senators called for its renewal today, as it expires September 30, leaving hundreds of thousands jobless. It also re-ups the Build America Bonds program for infrastructure projects. There’s a youth jobs program which would reportedly fund jobs for 350,000. The Cobell and Pigford Black Farmer settlements are thrown in here.


The oil spill liability cap gets changed in this bill, up to $5 billion. The bill raises taxes through that spill fund from 8 cents to 78 cents a barrel, raising $31 billion. There are mine safety provisions, disaster relief provisions, provisions adding funds to the National Housing Trust Fund, incentives for energy-efficient vehicles and renewable tax credits, and much, much more.


The bill is fully paid for with a variety of measures, including what I mentioned already. In addition, this would end the carried interest loophole, preventing investment fund managers from paying income taxes as capital gains. This raises $13.75 billion. It also scales back some stimulus funding, to broadband, to Defense Department building, and to food stamps, which by January 31 would “return to the levels that individuals would have received in 2014 under pre-Recovery Act law.”


I think this is what you’d call an omnibus bill, a staple of the end of a legislative period. It has something for everyone to like and something for everyone to dislike. In this Congress, that has meant it will fail. But you never know.


If it doesn’t pass, Franken has stated another option for the Office of the Homeowner Advocate – get Treasury to institute the program administratively.



Yesterday, I mentioned the Office of the Homeowner Advocate, an attempt by Sen. Al Franken to get an independent review process for HAMP, the Treasury Department foreclosure mitigation program which has failed homeowners while merely extending foreclosures out a bit and squeezing additional payments into the hands of the banks. Today, this common-sense effort to get some accountability and oversight over what the banks have been doing in HAMP has found its way into a new version of the tax extenders bill, a catch-all, end-of-the-year effort that could be a vehicle for several measures which have hung around in the Senate.


Max Baucus introduced the bill today, and in addition to the OHA, it includes a number of provisions. Here’s a summary, and as you can see it’s really a catch-all. There are dozens of “tax extenders,” the initial name for the bill, including a one-year extension of the R&D tax credit (unlike the permanent extension called for by the President), and the ubiquitous “small business tax credits” in every bill out of Washington these days.


The bill would extend the TANF Emergency fund, a successful stimulus program which subsidizes jobless workers and is responsible for 250,000 jobs, by one estimate. 30 Senators called for its renewal today, as it expires September 30, leaving hundreds of thousands jobless. It also re-ups the Build America Bonds program for infrastructure projects. There’s a youth jobs program which would reportedly fund jobs for 350,000. The Cobell and Pigford Black Farmer settlements are thrown in here.


The oil spill liability cap gets changed in this bill, up to $5 billion. The bill raises taxes through that spill fund from 8 cents to 78 cents a barrel, raising $31 billion. There are mine safety provisions, disaster relief provisions, provisions adding funds to the National Housing Trust Fund, incentives for energy-efficient vehicles and renewable tax credits, and much, much more.


The bill is fully paid for with a variety of measures, including what I mentioned already. In addition, this would end the carried interest loophole, preventing investment fund managers from paying income taxes as capital gains. This raises $13.75 billion. It also scales back some stimulus funding, to broadband, to Defense Department building, and to food stamps, which by January 31 would “return to the levels that individuals would have received in 2014 under pre-Recovery Act law.”


I think this is what you’d call an omnibus bill, a staple of the end of a legislative period. It has something for everyone to like and something for everyone to dislike. In this Congress, that has meant it will fail. But you never know.


If it doesn’t pass, Franken has stated another option for the Office of the Homeowner Advocate – get Treasury to institute the program administratively.



Bad <b>News</b> for Feingold

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More Fallout Online art dribbles out MMO <b>News</b> - Page 1 | Eurogamer.net

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Ricoh releases A12 28mm equiv. GXR module: Digital Photography Review

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robert shumake

Bad <b>News</b> for Feingold

"There are a lot of blogs and news sites claiming to understand politics, but only a few actually do. Political Wire is one of them." -- Chuck Todd, NBC News political director "Concise. Relevant. To the point. Political Wire is the ...

More Fallout Online art dribbles out MMO <b>News</b> - Page 1 | Eurogamer.net

Read our MMO news of More Fallout Online art dribbles out.

Ricoh releases A12 28mm equiv. GXR module: Digital Photography Review

Ricoh releases A12 28mm equiv. GXR module: Photokina 2010: Ricoh has announced the GR Lens A12 28 mm F2.5 prime lens module for its GXR system. According to the company, the addition of 'GR Lens' in the module's name indicates that it ...



Yesterday, I mentioned the Office of the Homeowner Advocate, an attempt by Sen. Al Franken to get an independent review process for HAMP, the Treasury Department foreclosure mitigation program which has failed homeowners while merely extending foreclosures out a bit and squeezing additional payments into the hands of the banks. Today, this common-sense effort to get some accountability and oversight over what the banks have been doing in HAMP has found its way into a new version of the tax extenders bill, a catch-all, end-of-the-year effort that could be a vehicle for several measures which have hung around in the Senate.


Max Baucus introduced the bill today, and in addition to the OHA, it includes a number of provisions. Here’s a summary, and as you can see it’s really a catch-all. There are dozens of “tax extenders,” the initial name for the bill, including a one-year extension of the R&D tax credit (unlike the permanent extension called for by the President), and the ubiquitous “small business tax credits” in every bill out of Washington these days.


The bill would extend the TANF Emergency fund, a successful stimulus program which subsidizes jobless workers and is responsible for 250,000 jobs, by one estimate. 30 Senators called for its renewal today, as it expires September 30, leaving hundreds of thousands jobless. It also re-ups the Build America Bonds program for infrastructure projects. There’s a youth jobs program which would reportedly fund jobs for 350,000. The Cobell and Pigford Black Farmer settlements are thrown in here.


The oil spill liability cap gets changed in this bill, up to $5 billion. The bill raises taxes through that spill fund from 8 cents to 78 cents a barrel, raising $31 billion. There are mine safety provisions, disaster relief provisions, provisions adding funds to the National Housing Trust Fund, incentives for energy-efficient vehicles and renewable tax credits, and much, much more.


The bill is fully paid for with a variety of measures, including what I mentioned already. In addition, this would end the carried interest loophole, preventing investment fund managers from paying income taxes as capital gains. This raises $13.75 billion. It also scales back some stimulus funding, to broadband, to Defense Department building, and to food stamps, which by January 31 would “return to the levels that individuals would have received in 2014 under pre-Recovery Act law.”


I think this is what you’d call an omnibus bill, a staple of the end of a legislative period. It has something for everyone to like and something for everyone to dislike. In this Congress, that has meant it will fail. But you never know.


If it doesn’t pass, Franken has stated another option for the Office of the Homeowner Advocate – get Treasury to institute the program administratively.



Yesterday, I mentioned the Office of the Homeowner Advocate, an attempt by Sen. Al Franken to get an independent review process for HAMP, the Treasury Department foreclosure mitigation program which has failed homeowners while merely extending foreclosures out a bit and squeezing additional payments into the hands of the banks. Today, this common-sense effort to get some accountability and oversight over what the banks have been doing in HAMP has found its way into a new version of the tax extenders bill, a catch-all, end-of-the-year effort that could be a vehicle for several measures which have hung around in the Senate.


Max Baucus introduced the bill today, and in addition to the OHA, it includes a number of provisions. Here’s a summary, and as you can see it’s really a catch-all. There are dozens of “tax extenders,” the initial name for the bill, including a one-year extension of the R&D tax credit (unlike the permanent extension called for by the President), and the ubiquitous “small business tax credits” in every bill out of Washington these days.


The bill would extend the TANF Emergency fund, a successful stimulus program which subsidizes jobless workers and is responsible for 250,000 jobs, by one estimate. 30 Senators called for its renewal today, as it expires September 30, leaving hundreds of thousands jobless. It also re-ups the Build America Bonds program for infrastructure projects. There’s a youth jobs program which would reportedly fund jobs for 350,000. The Cobell and Pigford Black Farmer settlements are thrown in here.


The oil spill liability cap gets changed in this bill, up to $5 billion. The bill raises taxes through that spill fund from 8 cents to 78 cents a barrel, raising $31 billion. There are mine safety provisions, disaster relief provisions, provisions adding funds to the National Housing Trust Fund, incentives for energy-efficient vehicles and renewable tax credits, and much, much more.


The bill is fully paid for with a variety of measures, including what I mentioned already. In addition, this would end the carried interest loophole, preventing investment fund managers from paying income taxes as capital gains. This raises $13.75 billion. It also scales back some stimulus funding, to broadband, to Defense Department building, and to food stamps, which by January 31 would “return to the levels that individuals would have received in 2014 under pre-Recovery Act law.”


I think this is what you’d call an omnibus bill, a staple of the end of a legislative period. It has something for everyone to like and something for everyone to dislike. In this Congress, that has meant it will fail. But you never know.


If it doesn’t pass, Franken has stated another option for the Office of the Homeowner Advocate – get Treasury to institute the program administratively.




Foreclosure Defense - Questions Answered by Roy Oppenheim


robert shumake

Bad <b>News</b> for Feingold

"There are a lot of blogs and news sites claiming to understand politics, but only a few actually do. Political Wire is one of them." -- Chuck Todd, NBC News political director "Concise. Relevant. To the point. Political Wire is the ...

More Fallout Online art dribbles out MMO <b>News</b> - Page 1 | Eurogamer.net

Read our MMO news of More Fallout Online art dribbles out.

Ricoh releases A12 28mm equiv. GXR module: Digital Photography Review

Ricoh releases A12 28mm equiv. GXR module: Photokina 2010: Ricoh has announced the GR Lens A12 28 mm F2.5 prime lens module for its GXR system. According to the company, the addition of 'GR Lens' in the module's name indicates that it ...


robert shumake

Bad <b>News</b> for Feingold

"There are a lot of blogs and news sites claiming to understand politics, but only a few actually do. Political Wire is one of them." -- Chuck Todd, NBC News political director "Concise. Relevant. To the point. Political Wire is the ...

More Fallout Online art dribbles out MMO <b>News</b> - Page 1 | Eurogamer.net

Read our MMO news of More Fallout Online art dribbles out.

Ricoh releases A12 28mm equiv. GXR module: Digital Photography Review

Ricoh releases A12 28mm equiv. GXR module: Photokina 2010: Ricoh has announced the GR Lens A12 28 mm F2.5 prime lens module for its GXR system. According to the company, the addition of 'GR Lens' in the module's name indicates that it ...

















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