Right Now
Today, the Senate will vote on Dr. Coburn's substitute amendment to S. 3326, the AGOA/ CAFTA-DR/ Burma Sanctions bill.
Coburn S. 3326 Amendment (AGOA, CAFTDR, BURMA) – Alternative Pay-For:
• The Coburn amendment replaces a budget gimmick in the underlying package with a new offset that pays for costs of the bill upfront through reduced trade duplication.
• The Coburn amendment makes NO changes to the underlying AGOA extension approved by Committee and hotlined on the floor on Monday, July 23rd – it only would change the pay for.
• This amendment is a modest step toward addressing the broken budget habits of Washington.
• The offset in the underlying package has two problems: 1) it does not pay for costs incurred in the first three years of the scoring window until TEN years from now 2) it relies on an elaborate gimmick to get around PAYGO in the fifth year of the scoring window.
• To evade PAYGO, the underlying package relies on a gimmick that requires corporations with assets over $1 billion to provide the government with an interest free loan. This so called “corporate payment shift” requires such corporations be taxed MORE than they owe in year five of the scoring window, only to have such amounts refunded in year six of the scoring window. This administrative burden for affected corporations serves no purpose other than evading PAYGO rules.
• The Coburn amendment offsets the bill’s $192 million in costs in FYs 2012 and 2013 by instructing OMB to produce such savings by eliminating, consolidating or streamlining federal program and agencies with duplicative or overlapping missions related to trade. This is achieved through a combination of reduced spending as a result of streamlining of federal trade agencies and programs, and a rescission of unobligated FY 2012 funds from trade programs of the Department of Commerce, SBA, Export-Import Bank, Overseas Private Investment Corporation and the Trade Development Agency.
Text of the legislation, here. CBO preliminary score for the amendment to amend the African Growth and Opportunity Act, here.
| Date | Title |
|---|---|
| 9/13/12 | Dr. Coburn's Amendments to the Veterans Job Corps Act of 2012 |
| 9/13/12 | Social Security Disability Programs: Improving the Quality of Benefit Award Decisions |
| Date | Title |
|---|---|
| 6/19/12 | Farm Bill Amendments Update |
| 6/12/12 | Dr. Coburn's Amendments to the S. 3240, Farm Bill |
| Date | Title |
|---|---|
| 7/27/11 | 9,000,000,000,000 Ways to Balance the Budget |
| 7/22/11 | Dr. Coburn on C-SPAN's Washington Journal This Morning |
| Date | Title |
|---|---|
| 4/13/11 | New Report Reveals Overbilling of Treasury Department by Law Firms, Misuse of TARP Funds |
| 4/4/11 | Dr. Coburn's amendments to cut spending by $20 billion |
| Date | Title |
|---|---|
| 11/17/10 | Today, Dr. Coburn filed two amendments to the Food Safety bill |
| 11/10/10 | Earmark Myths and Realities |
| Date | Title |
|---|---|
| 10/26/10 | What Others Are Saying About "Grim Diagnosis" |
| 10/7/10 | Dr. Coburn Not Holding Aid to Haiti |
| 10/4/10 | HHS ADMINISTRATIVE FAILURE |
| Date | Title |
|---|---|
| 2/22/10 | Guns in Parks Fact Sheet |
| Date | Title |
|---|---|
| 11/18/09 | Coburn's efforts to improve the Caregiver and Veterans Omnibus Health Services Act |
| 11/5/09 | Facts about the Veterans Caregiver Bill |
| Date | Title |
|---|---|
| 8/6/09 | Clunkers for Charity |
| 8/4/09 | Coburn Amendments to the Agriculture Appropriations Bill |
| Date | Title |
|---|---|
| 6/16/09 | Dr. Coburn Releases Stimulus Oversight Report |
| 6/2/09 | Coburn Amendments to the Family Smoking and Prevention Act |
| Date | Title |
|---|---|
| 5/12/09 | Coburn Gun Amendments 1067 and 1068 |
| 5/5/09 | Coburn Offers Amendment to Dispose of Unneeded Federal Buildings |
| 5/1/09 | OMB Responds to Coburn's Letter on Transparency |
| Date | Title |
|---|---|
| 4/22/09 | Coburn Amendments to The Fraud Enforcement and Recovery Act |
| Date | Title |
|---|---|
| 1/29/09 | Senate Rejects Opportunity to Provide Health Care to Needy Children at No Additional Cost |
| 1/7/09 | Senate Leaders to Kick Off New Congress with an Earmark-Laden Omnibus Lands Bill |
| Date | Title |
|---|---|
| 10/16/08 | Highlights of Senator Reid's Omnibus Lands Grab and Energy Restrictions Act Scheduled for Debate Next Month |
| Date | Title |
|---|---|
| 9/27/08 | Coburn Comments on the Fiscal Year 2009 Continuing Resolution |
| 9/26/08 | Reid Neglects Economy to Pursue Pet Projects |
| 9/17/08 | Reid's Monkey Business Continues |
| Date | Title |
|---|---|
| 8/21/08 | Coburn Applauds HHS Action on Physician Conscience Rights |
| 8/1/08 | Democrats Hold Civil Rights and Child Pornography Legislation as a Political Hostage |
| Date | Title |
|---|---|
| 6/20/08 | AMERICAN OIL REMAINS UNTOUCHED |
| Date | Title |
|---|---|
| 3/14/08 | Dr. Coburn's Efforts Fix GINA |
| 3/11/08 | Coburn's Speech on the 2009 Budget |
| 3/3/08 | Dr. Coburn Amendment to Ensure Scientists Conduct Research, Not Politicians |
| Date | Title |
|---|---|
| 2/14/08 | Dr. Coburn's amendments to fix the broken Indian Health Care system |
| Date | Title |
|---|---|
| 1/29/08 | Dr. Coburn's Federal Land Bill Amendments |
| 1/24/08 | Coburn's official visit to Taiwan |
| Date | Title |
|---|---|
| 8/28/07 | Congress celebrates the Year of the Golden Pig |
| Date | Title |
|---|---|
| 2/14/07 | Debating the continuing resolution |
| 2/7/07 | What's next for the War in Iraq? |
| Date | Title |
|---|---|
| 1/30/07 | Do we need to increase the federal mininum wage? |
| 1/12/07 | Real reform for the Senate ethics bill |
| 1/4/07 | The Coburn Principles |
| Date | Title |
|---|---|
| 12/14/06 | 109th Congress Convenes |
| Date | Title |
|---|---|
| 11/16/06 | Coburn amendments to the Agriculture Appropriations bill |
| Date | Title |
|---|---|
| 9/26/06 | Ryan White CARE Act Reauthorization |
| 9/26/06 | President Bush Signs Coburn/Obama Transparency Act |
| Date | Title |
|---|---|
| 8/23/06 | Federal Funding Accountability and Transparency Act |
| 8/2/06 | Coburn amendments to the Department of Defense Appropriations bill |
| Date | Title |
|---|---|
| 5/2/06 | Stop the Senate from approving non-emergency projects in the emergency supplemental |
| Date | Title |
|---|---|
| 12/14/05 | Dr. Coburn letter to HHS on Ryan White CARE Act formulas and ADAP funding |