Title
Subject: 2003 Federal Legislative Agenda
From: Office of Intergovernmental Affairs
Recommendation: Approve the Report and provide direction regarding the 2003 Federal Legislative Agenda Update
Body
CITY OF OAKLAND
MICE OF THE CITY CLERK
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Office of City Manager
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City Manager FAX 510i 238 22 ) 1,
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July 15, 2003
Oakland City Council
Oakland, CA
President De La Fuente and Members of the City Council
RE: Update on the City's 2003 Federal Legislative Agenda
Summary
Attached is an update of the City's federal legislative agenda from our Washington D.C.
Advocate, Platinum Advisors.
Fiscal Impac
None.
Recommendation
Staff recommends acceptance of this informational report.
Respectfully
a s, r r
ntergovernmental Affairs
Approved for forwarding to the
City Council
R bert C. Bobb, City Manager
O@C9
City Council Mtg
July 15, 2003 Item
WASHINGTON UPDATE
Tuesday, July 15, 2003
Prepared for Council by Oakland's Federal Lobbyist
The news from Washington for urban America remains grim. On May 28, President Bush
signed a $350 billion economic stimulus package that, among other things, lowers the tax on
dividends and capital gains to 15 percent for most investors. The Administration claimed victory
even though it had argued for a $550 billion cut that would have eliminated the dividend tax
entirely. At the eleventh hour, the Republican-controlled Congress etiminated a provision that
would have provided $4 billion in "direct funding for local governments for general
government purposes." We had worked closely with the National League of Cities and U.S.
Conference of Mayors to retain this provision, but in the end the Republican leadership stripped
it from the bill.
On a more positive note, Democrats may be poised for a rare victor...
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