September 2008
9-15-08 Lawmakers Announce Bipartisan, Bicameral Bill To Support Foster Care, Adoption Programs
9-12-08 Grassley Responds to Colleagues on Presidential Candidates’ Small Business Tax Plans
9-11-08 Grassley Offers Analysis of Candidates’ Tax Plans for Small Business
Small Business Administration FAQs
Contributions to Business Activity
Taxation of Flow-through Businesses
Increase in Small Business Top Marginal Rates
Flow-through Income and Individual Tax Rates
Example of Increased Marginal Rate on Small Business Owner
Small Business Owner Household Income
Small Business Groups’ Letter on Rate Cuts, Expensing
CBPP Article, Big Misconceptions About Small Business and Taxes
9-11-08 Baucus, Grassley Applaud Highway Trust Fund Fix
9-10-08 Grassley wins committee passage of bill to help foster care kids get permanent, loving homes
9-8-08 Grassley Urges Continued Look at College Endowment Growth, Student Affordability
Estimates of Individual Federal Tax Expenditures for Education
To view the endowment rountable, having downloaded Adobe Flash Player, please click here. The video/audio starts at 17:45 seconds.
9-4-08 Grassley, Welch Release Participant List for September 8, 2008, College Endowment Roundtable
9-3-08 Suggested Reading List for Roundtable, “Maximizing the Use of Endowment Funds and Making Higher Education More Affordable,” on Monday, September 8, 2008, 215 Dirksen Senate Office Building
Panel 1
“College Costs and Prices: Issues for Reauthorization of the Higher Education Act”, Rebecca Skinner and Blake Naughton, Congressional Research Service, October 30, 2007.
http://www.congress.gov/erp/rl/pdf/RL34224.pdf
“The Growing Imbalance: Recent Trends in U.S. Postsecondary Education Finance”, Delta Project on Postsecondary Education Costs, Productivity and Accountability, April 2008.
http://www.deltacostproject.org/analyses/delta_reports.asp
Panel 2
“Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act, and Enhanced Disclosures for All Endowment Funds”, No. FAS 117-1, Financial Accounting Standards Board, August 6, 2008.
http://www.fasb.org/pdf/fsp_fas117-1.pdf
DRAFT 2008 Form 990, Schedule D http://www.irs.gov/pub/irs-dft/f990sd--dft.pdf
DRAFT 2008 Form 990, Schedule D instructions http://www.irs.gov/pub/irs-tege/schdinstructions.pdf
Panel 3
“Spending to Save”, Forbes, Senator Chuck Grassley, August 13, 2008.
“The Public Service of Universities”, The Chronicle of Higher Education, Robert Berdahl, President, Association of American Universities, Vol 54, Issue 42, Page A32, June 27, 2008.
http://chronicle.com/temp/reprint.php?id=vl4xl0pvl7nys3cgcsl3s1dnxffnqx6l
“Wealthy Colleges Must Make Themselves More Affordable”, The Chronicle of Higher Education, Senator Chuck Grassley, Vol. 54, Issue 38, Page A36, May 30, 2008
http://chronicle.com/temp/reprint.php?id=7rfk3s20hf1q824cl33y1cjx03d78syj
“Harvard Endowment Aces a Brutal Year”, The Wall Street Journal, Page C1, August 7, 2008.
http://online.wsj.com/public/article/SB121807495575819353.html
http://s.wsj.net/public/resources/images/PT-AB077_Endowm_20051216185611.gif
“Endowments Widen a Higher Education Gap”, Karen Arenson, The New York Times, February 4, 2008.
http://www.nytimes.com/2008/02/04/education/04endowment.html
“How Long Should Gifts Just Grow?”, The New York Times, Stephanie Strom, November 12, 2007.
http://www.nytimes.com/2007/11/12/giving/12money.html
“Endowments Can Become Too Much of A Good Thing”, The Chronicle of Higher Education, Mark Schneider, Vol. 52, Issue 39, Page B18, June 2, 2006
http://chronicle.com/temp/reprint.php?id=5yswm5slrwcz6qc22699hlmkn20k3vw9
“When $26 Billion Isn’t Enough”, The Wall Street Journal, December 17, 2005.
http://online.wsj.com/public/article/SB113477717881125159.html
“University Endowment Returns Are Underspent”, Don Frey, Challenge, July-August 2002.
http://findarticles.com/p/articles/mi_m1093/is_4_45/ai_89871071
“When Time Isn’t Money: Foundation Payouts and the Time Value of Money”, Michael Klausner, Vol. 1, Issue 1, Stanford Social Innovation Review, Spring 2003
“Why Do Universities Have Endowments”, Henry Hannsmann, TheJournal of Legal Studies, Vol. 19, No. 1, (Jan., 1990), pp. 3-42
Article, “Scrooge U: The Illusion of Generosity”, by Lynne Munson
http://www.capitalresearch.org/pubs/pdf/v1206999677.pdf
Chronicle of Higher Education article, “Pressure Builds on Wealthy Colleges to Spend More of Their Assets”
http://chronicle.com/free/v54/i10/10a00101.htm
9-2-08 Grassley Questions Two Tax-exempt Hospitals on Certain Practices
9-2-08 Grassley Supports Bill to Improve Charitable Mileage Deduction
August 2008
8-29-08 Grassley, Colleagues Secure IRS Commitment to Suspend Collection of ISO AMT Liabilities
8-26-08 Grassley, Welch Announce College Endowment Roundtable
8-26-08 Grassley seeks answers about inaccurate estimates of improper payments by Medicare
8-25-08 Grassley: CMS Needs to Press Part D Sponsors for Anti-fraud Measures
8-25-08 Baucus, Grassley Work to Protect Rural Health Clinics
8-22-08 Grassley Welcomes GlaxoSmithKline Disclosure of Payments to Hospitals, Professional Associations
8-21-08 Grassley on Medicare Improper Payment Rate, Apparent Manipulation of Numbers
Grassley May 8, 2008, letter on Medicare durable medical equipment error rate
Grassley June 18, 2008, letter on Medicare durable medical equipment error rate
Grassley July 24, 2008, letter on Medicare durable medical equipment error rate
8-15-08 Grassley says taxpayers should not be left to pay SEC penalties aimed at financial institutions
8-07-08 Baucus, Grassley Say New Report Should Spur Improvements To Delivery Of Native American Health Care
8-04-08 Grassley react to new FDA guidance regarding advisory committees
July 2008
7-31-08 Senators scrutinize Legal Services Corporation spending, management
7-31-08 Wyden, Grassley Staff Discussion Draft on Oil Speculation Taxation
Legislative Text of Staff Discussion Draft
Technical Explanation of Wyden-Grassley Staff Discussion Draft
7-30-08 Grassley Refutes Tax Extenders False Statement, Outlines Path to Clear Jam
7-30-08 Tax Extenders Bill Fails Again, Democratic Leaders Leave Taxpayers Hanging
7-30-08 Grassley makes progress on legislation to help foster care kids get permanent, loving homes
7-29-08 Grassley Warns of Tax Relief, Tax Hike Flip Flop Post-November
7-29-08 Grassley: Trade Talks’ Collapse Means Lost Opportunity for U.S., Trade Partners
7-29-08 Grassley: No Trade Deal is Better Than a Bad Deal for U.S. Exporters
7-29-08 Grassley: Trade Policy is Stymied Domestically, at WTO; Unfortunate for U.S. Export Opportunities
7-28-08 Grassley hearing statement about Medicare fraud
7-25-08 Grassley works to protect Medicare dollars, empower patients with information
7-24-08 Grassley Outlines Tax Hikes, Tax Relief, Links to Party Control of Congress, Presidency
Tax Cuts and Increases Under Republicans and Democrats
Average Tax Cuts of Tax Increases Per Year Based on Control of Government
7-23-08 Senators seek federal tax relief for disaster victims in the Midwest
7-23-08 Grassley: Clock is Ticking for Progress at Geneva Trade Talks
7-22-08 Grassley works to improve fiscal health of hospitals in Iowa
7-18-08 Grassley Welcomes U.S. Win in WTO Case on Chinese Treatment of Imported Auto Parts
7-16-08 Support for S. 2029, the Grassley-Kohl Physician Payments Sunshine Act
7-16-08 Grassley floor speech on vote to sustain the President’s veto of the Medicare bill
7-16-08 Baucus, Grassley Urge IRS To Do More After New GAO Report Finds Weaknesses In Unpaid Tax Collection
Baucus, Grassley Letter Requesting GAO Follow-up Study On The IRS Collection Program
7-11-08 Baucus-Grassley Tax Measures for Homeowners, Homebuyers Win Passage as Senate Acts on Housing Bill
7-10-08 Senator Grassley’s letter to the American Psychiatric Association
7-10-08 Grassley Warns of Back-door Marginal Rate Tax Increases Under Key Democrat’s Plans
Marginal Tax Rates for a Family of Four in the 25 Percent Tax Bracket
Marginal Tax Rates for a Family of Four in the 28 Percent Tax Bracket
Marginal Tax Rates for a Family of Four in the 33 Percent Tax Bracket
7-10-08 Grassley: House Extenders Bill Offers Hedge Fund Mangers’ Offshore Loophole
Majority Leader Reid Letter to Republican Leader McConnell
7-9-08 Grassley Continues Oversight of Smithsonian, Red Cross; Meets with Each New Leader
7-7-08 Grassley Update on Ministry Responses, Background Questions and Answers Document
7-2-08 Senators Comment on Currency Legislation
June 2008
6-30-08 Grassley calls on CMS to account for payments to hospitals
GAO report on billions of dollars spent on supplemental payments
Families and Individuals Benefiting from Lower Rates on Capital Gains
Families and Individuals Benefiting from Lower Rates on Dividends
Low Income Savers Benefiting from Retirement Savings Contribution Credit
6-26-08 Grassley: Democrat Leaders Huff, Puff, Threaten to Blow Tax Extenders House Down
Zerhouni response to Grassley's June 4th letter
New York Times story, Researchers Go Unchecked, Report Says
New York Times story, Researchers Fail to Reveal Full Drug Pay
Letter to Senate Appropriations Committee Chairman and Ranking Member
Letter to Senate Labor-HHS Subcommittee Appropriations Chairman and Ranking Member
Letter to House Appropriations Committee Chairman and Ranking Member
6-24-08 Grassley spearheads tax relief for flood and tornado victims in the Midwest
6-19-08 Grassley Welcomes Housing Reform Bill, Tax Provisions to Help Disaster Recovery
6-18-08 Finance Panel Approves Strong Iran Sanctions Plan
6-18-08 Baucus-Grassley Tax Measures In Housing Bill Provide Incentives To Homeowners, Homebuyers
6-18-08 Grassley Welcomes Iran Sanctions Vote, Advance of Nominations
6-17-08 Baucus, Grassley, Colleagues Introduce Bill To Delay Medical Equipment Bidding Program
6-17-08 Grassley: Cloture Vote on House Tax Extenders Bill is Groundhog Day
6-17-08 Grassley Responds to Blue Dogs on Spending Challenge
6-17-08 Baucus, Grassley Military Tax Relief Package Becomes Law
6-17-08 Grassley: Health Care Reform Must Acknowledge Aging Population
6-12-08 Grassley floor statement on S.3101, the Medicare bill
6-12-08 Grassley: Democratic Leaders’ Failed Medicare Votes Wastes Time, Money
6-12-08 Grassley: Trade Preference Programs Should Not be Taken for Granted
6-12-08 Grassley seeks FDA scrutiny of Paxil and suicide risk
6-11-08 Grassley Warns of Family, Small Business Tax Increases in a Democratic Administration
Single Mother Wall of Tax Increases
Family of Four Wall of Tax Increases
Higher Than Expected Federal Revenues
Families and Individuals Benefiting from Lower Rates on Capital Gains
Families and Individuals Benefiting from Lower Rates on Dividends
6-11-08 Grassley introduces the Preserving Access to Medicare Act of 2008
6-10-08 Grassley on Energy Tax, House Tax Extenders Cloture Votes
6-10-08 Grassley: House Tax Extenders Bill Illustrates Double Standard on Tax Relief, Spending
Chart, Expiring Mandatory Spending Included in Budget Baseline
Chart, Expiring Tax Relief Not Included in Budget Baseline
Chart, Built-in Deficit Effect of Expiring Spending, Tax Relief, and Appropriations Increases
6-05-08 Grassley asks FDA for rationale in putting ProHeart 6 back on the market
6-05-08 Grassley Statement on Small Business and Tax Reform
6-03-08 Grassley: Ethanol is Undeserved Scapegoat at U.N. Food Conference
May 20085-30-08 Grassley statement about the commentary titled “Grassley's War on Cancer Patients” printed in the 5/29/08 Wall Street Journal
5-29-08 Grassley Outlines Interest in College Endowments, Student Aid, Addresses Colleges’ Concerns
5-29-08 Letters of Endorsement for Grassley’s Improved Adoption Incentives and Relative Guardian Support Act of 2008
Letter from the Child Welfare League of America
5-23-08 Baucus, Grassley Announce Health Reform Summit
5-22-08 Baucus, Grassley Win Passage of Tax Relief for Military Families, Veterans
5-20-08 Grassley Warns of Tax Increases Under Budget Path
Senate Democrats’ Revenue Raisers Well is Almost Dry
5-20-08 Support grows for disclosure of drug and device maker money to doctors
Letter of support from the Iowa Foster and Adoptive Parents Association
Letter of support from the North American Council on Adoptable Children
Letter of support from the Dave Thomas Foundation for Adoption
5-19-08 Grassley to introduce legislation to help special needs children in foster care get permanent homes
5-19-08 Grassley urges Iowans to push back against DC-hatched smear campaign against ethanol
5-19-08 Grassley Hires New Tax Counsel for Finance Committee Staff
5-13-08 Senators praise growing support for transparency in drug industry payments to physicians
Eli Lilly letter of endorsement
Association of American Medical Colleges letter of endorsement
Side-by-side comparison of proposed legislation with existing state law
5-12-08 Grassley Remarks at the Brookings Institution on the U.S.-Colombia Trade Agreement
5-7-08 Grassley says federal jobs should go to veterans
Grassley secures commitment from IRS nominee to try to hire vets
Grassley urges Treasury Secretary to oversee IRS commitment
Grassley urges President to make veterans a priority in federal hiring
Administration response to Grassley letter on hiring veterans
Grassley follows up on his appeal to the Administration on hiring veterans
5-6-08 Senator Grassley’s opening statement at health reform hearing
5-6-08 Senator Grassley’s floor statement on legislation to reauthorize
5-1-08 Aviation, Highway Leaders Join Baucus and Grassley to Advocate Tax Provisions in FAA Legislation
April 20084-28-08 Senator Grassley asks FDA about techniques for screening the pharmaceutical supply chain
4-21-08 Grassley suggests FDA is abdicating its responsibilities with off-label prescribing
4-18-08 Baucus, Grassley Applaud Steps to Boost Medicare Quality Improvement Program
4-18-08 Grassley Welcomes South Korea’s Agreement to Accept U.S. Beef
4-16-08 Grassley floor statement on Medicaid moratoriums legislation moving in the House of Representatives
Commissioner's Disciplinary Report 1/1-6/30, 2007
Commissioner's Disciplinary Report Analysis 1/1/-6/30,2007
Commissioner's Disciplinary Report 7/1/07-12/31/07
Commissioner's Disciplinary Report Analysis 7//1/07-12/31/074-15-08 Grassley says new reports buttress effort for greater transparency from drug makers
4-15-08 Grassley seeks independent review, answers to NIH subverting peer review process in awarding grants
Report of Review Panel regarding NIEHS actions
Email from Raynard Kington to David Schwartz4-14-08 Finance Committee Leaders Detail Elements of Farm Bill Tax Package
Letter from Baxter
Letter from Medtronic
Letter from Boston Scientific
Letter from Merck
Letter from Pfizer
Letter from St. Jude Medical
Letter from Abbott Lab
Letter from Amgen
Letter from AstraZeneca
Letter from Bristol Myers Squibb
Letter from J&J
Letter from Schering-Plough
Letter from Stryker
Letter from Wyeth
Letter from Zimmer Holdings
4-10-08 Baucus, Grassley Tax Relief for Homeowners, Homebuyers, Homebuilders Passes with Senate Housing Bill
4-10-08 Grassley warns of tax-related identity theft, outlines steps to help secure identity
4-9-08 Grassley comment on House rule change to stop vote on Colombia free trade agreement
4-9-08 Grassley statement on SCHIP during Finance subcommittee hearing
4-8-08 Grassley Hires Tax Counsel to Handle Tax-Exempt Policy, Investigations
4-7-08 Grassley Urges Vote on U.S.-Colombia Free Trade Agreement Bill
4-3-08 Grassley questions increases in drug maker rebates to physicians prescribing anti-anemia drugs
4-3-08 Grassley Urges Estate Tax Reform Mark-up
4-2-08 Grassley floor statement on drug company payments to doctors
4-2-08 Grassley, Baucus seek details of executive compensation, SEC knowledge of Bear Stearns collapse
4-2-08 Baucus, Grassley Offer Tax Relief for Homeowners, Homebuyers, Homebuilders
Baucus-Grassley tax credit provides homeowners a $7,000 credit for purchase of foreclosed homes
Baucus-Grassley Business Tax Provision Saves Jobs, Helps Struggling Companies Survive
Baucus-Grassley Housing Amendment provides new property tax deduction to 28 million Americans4-2-08 Grassley seeks IG review of SEC actions in a case against Bear Stearns
4-1-08 Treasury Department Responds to Baucus/Grassley Letter on Bear Stearns
Text of the Treasury Department’s Response
March 20083-31-08 Update on Ministry Responses in Tax-exempt Policy Review
3-31-08 Senator Grassley asks Merck, Schering-Plough additional questions about Vytorin Study
3-26-08 Baucus, Grassley Question Players in Bear Stearns Deal
3-25-08 Grassley comment on annual trustees’ report on Social Security and Medicare
3-20-08 Grassley Explores Consequences of Bear Stearns Deal for Taxpayers, Company Insiders
3-14-08 Grassley Introduces Medicare Rural Health Access Improvement Act
3-13-08 Grassley Floor Statement on Medicaid Moratoriums, Fiscal 2009 Budget Resolution
3-13-08 Grassley says changes to improve FDA post-market review remain elusive
3-13-08 Baucus, Grassley Seek JCT Analysis of U.S. Taxation of Sovereign Wealth Funds
3-12-08 Grassley, Baucus Urge Four Ministries to Cooperate with Information Request
3-11-08 Grassley Floor Statement on Health Issues in the Fiscal 2009 Budget Resolution
3-10-08 Opening Statement of Senator Grassley during Senate Floor Debate on Fiscal 2009 Budget
Wall of Tax Increases – Family of Four
Wall of Tax Increases – Single ParentLower Rates on Dividends – benefit by state
Lower Rates on Capital Gains – benefit by state
Senate Democrats’ Revenue Raisers Well is Almost Dry
Proposed Uses of Tax Gap Revenue
Ratio of Proposed Tax Gap Uses Relative to Enacted Revenue Raisers
Revenue Raised from Repeal of Bipartisan 2001 and 2003 Tax Relief
3-7-08 Baucus, Grassley urge Farm Bill cooperation
3-6-08 Grassley: Trade Agreements Level Playing Field for U.S. Exporters
3-5-08 Baucus, Grassley to hold Roundtable discussion on value-based purchasing in Medicare
For more information on the roundtable click here.
3-4-08 Grassley secures review of FDA approvals based on narrow health benefits
3-4-08 Grassley works to protect seniors from predatory practices by insurance companies
February 20082-28-08 Grassley presses FDA for more information about foreign inspections, drug safety
2-27-08 Grassley: NAFTA Opt-out Sentiment Misses Huge Benefits to U.S. Exporters
2-27-08 Senator Grassley comments on support for the Physician Payments Sunshine Act
2-21-08 Baucus, Grassley comment on Forbes.com story about specialty hospitals
2-20-08 Grassley Urges IRS to Fix Unreasonable Electronic Filing Deadline for Family Farmers
2-14-08 Grassley, Kohl Work to Improve Care in Nursing Homes
2-12-08 Grassley urges FDA to better target foreign inspection resources to improve drug safety
2-12-08 Grassley asks additional questions about the Vytorin ENHANCE clinical trial
2-11-08 Grassley, Schumer Urge Payday Lenders Not to Exploit Stimulus Rebate Checks
2-8-08 Grassley urges House to support wind energy tax credit, reject last year’s effort to cap credit
2-7-08 CMS, Congress, Plans Need to Rein in Abusive Sales Tactics in Medicare Advantage
2-6-08 Grassley letter to pharmaceutical drug maker about notice of drug trial findings
2-5-08 Tax Relief Has Boosted Federal Revenue Base, is Separate from Entitlement Problem
2-1-08 Grassley: SEC Agrees to Conduct More Aggressive Oversight of Stock Exchanges
January 2008
1-31-08 Grassley: Senate Stimulus Bill Improves Upon the House Bill
1-31-08 Grassley: House Stimulus Bill Reveals Inconsistency on Benefits to Illegal Immigrants
1-30-08 Grassley Praises Committee-Passed Economic Stimulus Package
1-30-08 Grassley Advances Consideration of Renewable Energy Tax Incentives
1-30-08 Senator Grassley’s letter to the President of U.S. Pharmaceuticals, GlaxoSmithKline
1-30-08 Senator Grassley’s floor statement regarding manipulating science and Avandia
1-25-08 Grassley comments on the American College of Cardiology clarifying its position on ezetimibe (Zetia)
1-24-08 Baucus, Grassley Write to 136 Colleges, Seek Details of Endowment Pay-outs, Student Aid
1-24-08 Sen. Grassley asks questions about controversy over delayed release of drug study involving Vytorin
Grassley letter to the American Heart Association
Grassley letter to the American College of Cardiology
Grassley letter to Schering-Plough
Grassley letter to Merck
Grassley letter to the Securities and Exchange Commission1-22-08 Grassley: Stimulus Package Should Stress Investment, Not Just Spur Spending
1-18-08 Grassley comment on Inspector General Report on oversight of conflicts of interest with NIH grantees
Report of the Inspector General for the Department of Health and Human Services
1-15-08 Grassley: Commission’s Gas Tax Increase is Old, Cold Idea
1-14-08 Grassley Welcomes Yale’s Increased Student Aid, Hopes Other Colleges Will Follow Suit
Congressional Research Service memo outlining college endowment size
1-14-08 EU Foot-dragging on Ag Biotech Harms U.S. Producers, Violates Trade Obligations
1-11-08 Commission’s Gas Tax Increase is Bad News for the Economy, Highway Funding Needs
January 2008 Inspector General Report on Physician-Owned Specialty Hospitals and Emergency Services
Names of the hospitals reviewed by the Inspector General
Lists of the hospitals that did not meet Medicare Conditions of Participation for at least 1 of the 8 sampled days and hospitals that have a policy to call 911 for medical assistance
March 2006 letter from Grassley and Baucus to the Inspector General
May 2006 letter from the Inspector General to Grassley and Baucus1-07-08 Grassley Praises Yale’s Endowment Announcement, Looks for More Action on Tuition Affordability
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