On Thursday, the House passed
the All-American Tax Relief Act of 2003 (H.R. 1308). This bill builds
on the Jobs and Growth Tax Act Of 2003, signed into law in May, and restores
many of the provisions eliminated by the conference committee from the
President's original request.
Specifically, H.R. 1308 will
ensure that the increase of the child tax credit to $1,000 will be available
to tax payers through 2010. Without this change, the child tax credit
will be reduced in 2005. Additionally, H.R. 1308, eliminates the marriage
penalty in the child credit. The phase-out thresholds of the child credit
create a marriage penalty for married couples with incomes over $110,000.
Millions of children are denied the child credit because of this penalty.
This bill eliminates the marriage penalty by raising the phase-out threshold
for married couples to $150,000.
Other provisions of H.R. 1308
provide tax relief and enhance tax fairness for members of the Armed Forces,
suspend the tax-exempt status of designated terrorist organizations, and
provide tax relief for the survivors of astronauts who die on space missions.
Legal Reform
On Thursday, the House of Representatives
passed legislation to protect consumers and business owners from unscrupulous
attorneys. With my strong support, the House passed the Class Action Fairness
Act of 2003 (H.R. 1115) by a 253 to 170 vote.
The act would end the current
practice of trial lawyers who "venue shop" state courts for
class actions seeking the court which they believe will most likely give
them a favorable decision. This measure would mandate federal court treatment
for class actions suits with more than 100 plaintiffs from multiple states
or where the award sought is more than $5 million.
In addition to ending many
of the abuses of our state courts, this legislation also includes the
Consumer Class Action Bill of Rights, which would end many of the abuses
that attorneys often commit against their clients in class action cases.
In class action suits, lawyers often keep large portions of settlements
for themselves, leaving class members with virtually nothing, such as
$1 off coupons in the well-known Blockbuster case. In some cases class
members have actually lost money.
FAA Reauthorization
On Wednesday, with my support,
the House passed H.R. 2115, the Flight 100, Century of Aviation Reauthorization
Act, by a vote of 418 to 8. The bill reauthorizes the Federal Aviation
Administration through 2008 and provides assurances that all the taxes
and revenues coming into the aviation trust fund from passengers and airlines
are used specifically to address airport improvements and air traffic
control modernization efforts.
Protecting Our Nuclear Waste
On Friday, I signed a letter
of support for the continuing development of the Yucca Mountain, Nevada
site as a repository for the disposal of high-level radioactive waste
and spent nuclear fuel. The Nuclear Waste Policy Act of 1982 and its 1987
amendments require the Department of Energy to locate, build, and operate
a specially designed underground disposal facility for used nuclear fuel
and radioactive waste.
There are two nuclear plants
in the state of Georgia, the Hatch Plant in Baxley, and the Vogtle Plant
in Waynesboro, which together house 1,665 metric tons of spent nuclear
fuel.
Locating this dangerous material
in one, isolated location will make it safer and more cost-effective to
guard from terrorists than storing it in scattered locations throughout
the country.
In the wrong hands, this material
could be used by those intent on spreading fear to create a radiological
or "dirty" bomb. While not a nuclear weapon, a dirty bomb can
spread dangerous radioactive material over a large area, causing significant
fear and economic damage.
Additionally, prolonged exposure
to this material can result in a significantly increased cancer risk or,
in cases of extremely high exposure, result in radiation sickness and
even death.
While nuclear power supplies
an estimated 26.7 percent of the electricity generated in the state, and
is a cost-effective and safe way to meet our energy demands, care of the
products used in this production must be taken to prevent them from falling
into the wrong hands.
Happy Birthday USA
Friday morning at Fort McPherson,
Governor Sunny Perdue and I participated in the 228th birthday celebration
of the U.S. Army. This celebration recognized the Army's history, traditions,
and service to the nation.
The Army's birthday theme this
year, "At War and Transforming," took on special meaning following
Operation Iraqi Freedom and continuing Army operations in the global war
on terrorism.
The ceremony acknowledged American
soldiers, active duty, National Guard, and Reserves, who are currently
deployed around the world performing critical national security missions
while the Army transforms for the future.
Gov. Perdue and I thanked the
soldiers, retirees, veterans, and their family members for their service
to Georgia and the nation.






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