“SEC. 5. INCREASE IN PENALTY FOR FAILURE TO FILE A PARTNERSHIP OR S CORPORATION RETURN.
(a) In General- Sections 6698(b)(1) and 6699(b)(1) of the Internal Revenue Code of 1986 are each amended by striking `$89’ and inserting `$110’.”
The above part of HR 3590 raises revenue. It is sufficient to make the bill a revenue-raising bill for the purposes of Senate procedures.
You may not like the way they did it and I may not like the way they did it, but the Rats knew what they were doing.
A penalty has nothing to do with ‘raising revenue’ as that term was intended by the Constitutional Convention. Fines and penalties are intended as punishments, not as revenue-raising measures. Were that not so, any law that imposes a fine (as most criminal laws do, for example,) would have to originate in the House.