Sen. John Kerry (D-Mass.) got part of his Military Family Bill of Rights legislation in the Senate’s just passed emergency tax relief measure for persons affected by Hurricane Katrina. Kerry’s provision offers tax relief to employers of members of the National Guard and Reserve. The tax relief equates to an employee retention credit, providing a 40 percent tax credit for wages paid up to $6,000 after Aug. 28 and before Dec. 31. The Senate and House are in conference resolving differences of their respective bills.
The Air Force’s B-52 bomber may soon be able to carry up to 20 stealthy long-range anti-ship missiles to strike moving targets at sea, a key capability in a potential fight with China.
