Dedicated to helping citizens of all generations understand how tax and spending policies affect them.

Taxpayers Tab


Taxpayer's Tab Issue #6

February 8, 2012

 

Vol. 3 Issue 6 February 8, 2012

 

Join NTUF At CPAC

Please join the National Taxpayers Union Foundation (NTUF) at the Conservative Political Action Conference (CPAC).  NTUF will be highlighting our research and recent accomplishments.  We will also be partnering with the National Center for Policy Analysis to collect information on the Independent Payment Advisory Board (IPAB) -- a panel of 15 unelected bureaucrats who can enact law and determine Medicare reimbursement rates.  Come by NTUF's booth (#1913) to participate in our IPAB survey and enter to win a $150 giftcard.

  • What: NTUF at CPAC
  • When: February 9-11, 2012
  • Where: Conservative Political Action Conference
                Marriott Wardman Park Hotel
                2660 Woodley Road, NW
                Washington, District Of Columbia 20008

Legislative Spotlight

The Bill: H.R. 3793, Investing for Tomorrow’s Schools Act of 2012

Annualized Cost: $500 million ($2.5 billion over five years)

The National Center for Education Statistics estimates that America's public schools need $127 billion  for repairs, modernization, expansion, and other construction projects.  A survey by the Council of the Great City Schools indicates that the 50 largest school systems need $46.7 billion for repairs and renovations.  An estimated 14 million students attend a school that reports the need for extensive repair or replacement of one or more of its buildings.  Congressman Heath Shuler (D-NC) has introduced H.R. 3793, the Investing for Tomorrow's Schools Act of 2012, to address this apparent crumbling of America's public education infrastructure.

The bill would create an infrastructure bank pilot program.  The bill allows the Secretary of the Treasury and a state to enter into a cooperative agreement to establish an infrastructure bank that would make loans to local educational agencies, public libraries, or eligible charter schools.  Two or more states would be allowed to create a multistate bank.

H.R. 3793 authorizes $2.5 billion over five years to capitalize the banks.  The Treasury Secretary would distribute those funds in the form of grants.  Each state would, at a minimum, need to contribute an amount equal to 25 percent of the amount of each capitalization grant made to the state.  Those funds would need to come from non-federal sources.  Program administration fees would be capped at 2 percent of the federal funds contributed to the bank.

Projects eligible for funding would include:

  • Constructing new schools as enrollment rises
  • Repairing old school building structures, plumbing, ventilation, and lighting systems
  • Improving physical safety, student health, and energy efficiency
  • Installing technology to aid education, such as Ethernet lines or power outlets
  • Building new and repairing old libraries

To qualify for funding, projects must pay prevailing wages under the Davis-Bacon Act.

H.R. 3793 currently has no cosponsors.

To learn more or discuss this bill visit WashingtonWatch.com.



We Want You!

NTUF is looking for spring and summer associate policy analysts to participate in our internship program. Associates assist with BillTally research and other policy projects. Academic credit is possible. Email questions to ntuf@ntu.org. To apply visit our internship page. Join us and help keep a tab on Congress!

 

 

Support NTUF

The National Taxpayers Union Foundation is able to produce timely reports and analysis for policymakers and taxpayers with the help and support of foundations, small businesses, and Americans who wish to stay informed of their government's spending. With donations from Tab subscribers and members, NTUF will be able to continue to simplify important entitlement reform plans, examine budgets, and score legislation. Please consider making a tax-free contribution to NTUF.



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Issue 5 - Feb 2

Issue 4 - Jan 26
State of the Union Analysis

Issue 3 - Jan 19

Issue 2 - Jan 11



About NTUF

The National Taxpayers Union Foundation is a research and educational organization dedicated solely to helping citizens of all generations understand how tax policies, spending programs, and regulations at all levels affect them now and in the future. Through NTUF's timely information, analysis, and commentary, we're empowering citizens to actively engage in the fiscal policy debate and hold public officials accountable every day.

NTUF is a 501(c)(3) research and education organization. Donations are deductible for personal income tax purposes. Please make a donation today to help further NTUF's mission of research and education!

This information is for educational purposes only and is not intended to aid or hinder the passage of any legislation or as a comment on any Member's fitness to serve.