A Weekly e-Newsletter from February 29, 2008 Dear Friends, Last week, I had the pleasure of visiting with many of you around Georgia. The Presidents Day recess was a wonderful opportunity for me to travel the state and hear directly from you about what’s on your minds. I learned a great deal and enjoyed seeing many old friends and meeting many new ones. I would especially like to thank my hosts in Americus, Andersonville, Athens, Bainbridge, Boston, Cairo, Ft. Valley, Jefferson, Leesburg, Quitman, Thomasville, Valdosta and Watkinsville. Economic Stimulus Payments Starting in May, the Department of Treasury will begin sending stimulus payments to more than 130 million individuals. The stimulus payments will go out through the late spring and summer. The vast majority of people receiving a payment only need to file a 2007 tax return as they normally would. The IRS will then do all the rest, including determining eligibility and payment amounts. For recipients of Social Security and certain veterans’ benefits and low-income workers who don’t normally need to file a tax return, the IRS also released a special version of a Form 1040A that highlights the simple, specific sections of the return that can be filled out by people in these categories to qualify for a stimulus payment. I have added a special page to my website dealing with this issue at www.isakson.senate.gov/rebates.htm. The webpage features my position as well as frequently asked questions regarding the rebates and links to the IRS website. Please feel free to visit the page for answers to any questions you may have. In addition to the economic stimulus bill, I have introduced legislation for long-term relief that would help stimulate our nation’s floundering housing market. The legislation would provide a $15,000 tax credit spread out over three tax years for anyone purchasing a new home, a foreclosed home or a home where foreclosure is pending. To learn more about the legislation, click here. FISA I believe it is critical that Congress act now to pass this legislation and will help put pressure on the House take immediate action. The intelligence gathered through foreign intelligence surveillance saves American lives, and the absence of any catastrophic attacks in America since September 11, 2001, is the product of hard work by Americans in intelligence, law enforcement and the military. Iraq On my third trip to Iraq in January 2008, I witnessed the enormous progress that has been made regarding security. Furthermore, I believe the Iraqis have capitalized on the security gains to make political progress by adopting the Law on Accountability and Justice, also known as De-Ba’athification Reform, and passing their 2008 Budget, which represents a significant milestone in Iraq’s transition toward using its own resources to provide for security, economic reconstruction and essential services. The Iraqi Council of Representatives also has passed an amnesty law for Sunni security detainees, which will greatly improve the unification process, as well as compromising on a Provincial Powers law, an important step toward establishing the right balance of power the Iraqi people seek between central government authority and local government authority. The Iraqi government’s passage of this legislation is a positive first step, but the Iraqi government must not stop there. It must commit to full and fair implementation of these laws. I will continue to work with my Senate colleagues to urge the Iraqi government to work quickly to ensure lasting stability in Iraq, and I remain hopeful that troop withdrawals can be decided by military leaders and be conducted in a manner that won’t affect recent security success on the ground. Funding for the Campbell Center What’s on Tap for Next Week? The Senate will continue to debate a proposal to stimulate the economy by targeting the housing market. I also encourage you to visit my website at http://www.isakson.senate.gov/contact.cfm to let me know your thoughts on this or any of my newsletters or any issues that may be of particular concern to you. This is by far the most effective and expedient way of communicating with me for a prompt response. Sincerely, |
E-mail: http://isakson.senate.gov/contact.cfm |