Beware of budget gimmicks in push for massive spending deals
3 years, 8 months ago

Beware of budget gimmicks in push for massive spending deals

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. To pay for much of the $3.5 trillion package, Democrats led by Senate Finance Committee Chairman Ron Wyden, D-Ore., want to increase taxes on the wealthy, big corporations and companies earning income abroad. ___ AN OLD, UNRELIABLE FRIEND Documents show the bipartisan infrastructure proposal and Democrats' separate $3.5 trillion measure may both claim savings from long-term economic growth the bills would supposedly spur. With Washington running record-setting budget deficits annually, claiming savings by repealing the rule and using that money to finance spending bills would be like a deeply indebted family canceling a $50,000 vacation and using those “savings” to buy something else. ___ OTHER QUESTION MARKS Senate Democrats say some proposed tax credits and spending in their $3.5 trillion bill may last less than the measure's full 10 years.

Savings Tax Budget Congress Trump Economic Growth Democrats Washington Senate Spending Republican Biden Bills Trillion Inside Washington Washington Email Irs Cbo Dynamic Scoring  beware  gimmicks  washington  budget  massive  taxes  trillion  deals  tax  savings  spending  35  push  bills  democrats

History of this topic

A $100 billion budget black hole awaits whoever wins the election
3 days, 19 hours ago

A $100 billion budget black hole awaits whoever wins the election

ABC  

The federal budget deficit could be ten times larger than expected within a decade whoever wins the upcoming election, new analysis suggests, with neither major party offering voters a realistic solution to cope with growing pressure to spend. “In addition to being unrealistic, this approach creates uncertainty for households and firms.” Peter Dutton's budget reply speech suggested only modest differences …

US Senate passes six-month spending bill to avert government shutdown
2 weeks, 3 days ago

US Senate passes six-month spending bill to avert government shutdown

New Indian Express  

Congress Passes Short-Term Spending Bill to Avoid Shutdown Congress has struggled to pass annual budget bills, relying instead on short-term extensions. "Shamefully, 99 percent of Democrats in Congress voted to shut down the government — simply because they seem to hate President Trump more than they love America," Johnson said. Many Democrats were frustrated that the bill gives the Trump …

Trump’s promised laundry list of tax goodies gets a reality check
Trending News
1 month ago

Trump’s promised laundry list of tax goodies gets a reality check

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Senate preferred to pass two bills, with the first focusing on beefing up …

Republicans Plan To Hide Cost Of Tax Cuts With 1 Weird Trick
1 month ago

Republicans Plan To Hide Cost Of Tax Cuts With 1 Weird Trick

Huff Post  

LOADING ERROR LOADING WASHINGTON – Republicans have a math problem with the massive proposed tax cut package at the center of President Donald Trump’s legislative agenda. They want to use the “current policy” baseline, which assumes tax cuts — like the deficit-busting ones Republicans passed in 2017, the last time Trump was president — will simply be extended permanently even …

Trump’s spending bill may face a big problem: Disgruntled Senate Republicans
1 month ago

Trump’s spending bill may face a big problem: Disgruntled Senate Republicans

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Senate Majority Leader John Thune described the budget resolution that the House passed as …

House GOP pushes 'big' budget resolution to passage, crucial step toward delivering Trump's agenda
1 month ago

House GOP pushes 'big' budget resolution to passage, crucial step toward delivering Trump's agenda

Deccan Chronicle  

Washington: With a push from President Donald Trump, House Republicans sent a GOP budget blueprint to passage Tuesday, a step toward delivering his “big, beautiful bill” with $4.5 trillion in tax breaks and $2 trillion in spending cuts despite a wall of opposition from Democrats and discomfort among Republicans. Trump had invited several dozen Republicans to the White House, including …

Trump's 'big, beautiful bill' one step closer to reality as GOP pushes budget resolution – Firstpost
1 month ago

Trump's 'big, beautiful bill' one step closer to reality as GOP pushes budget resolution – Firstpost

Firstpost  

Trump wants the Republicans who control Congress to pass a large plan that would extend tax advantages that he got during his first term but would expire later this year, while simultaneously lowering expenditure on federal programs and services President Donald Trump pushed House Republicans to pass a GOP budget blueprint on Tuesday, a step towards delivering his “big, beautiful …

House GOP pushes ’big’ budget resolution to passage, a crucial step toward delivering Trump’s agenda
1 month ago

House GOP pushes ’big’ budget resolution to passage, a crucial step toward delivering Trump’s agenda

The Hindu  

With a push from President Donald Trump, House Republicans sent a Grand Old Party budget blueprint to passage Tuesday, a step toward delivering his “big, beautiful bill” with $4.5 trillion in tax breaks and $2 trillion in spending cuts despite a wall of Opposition from Democrats and discomfort among Republicans. Editorial: Self-inflicted injury: On Trump tariffs and the U.S. economy …

Senate Republicans Pass Budget, Rejecting Protections For Medicaid
1 month, 1 week ago

Senate Republicans Pass Budget, Rejecting Protections For Medicaid

Huff Post  

LOADING ERROR LOADING WASHINGTON ― Senate Republicans on Thursday approved a $340 billion budget plan that would boost defense, border security and energy spending, kicking off the first portion of President Donald Trump’s sweeping legislative agenda. They pressed forward despite Trump’s endorsement a day earlier of a larger budget plan advanced by House Republicans that would also extend his 2017 …

House Republicans split over Medicaid changes to pay for Trump tax cuts
1 month, 1 week ago

House Republicans split over Medicaid changes to pay for Trump tax cuts

NPR  

House Republicans split over Medicaid changes to pay for Trump tax cuts The House GOP budget resolution relies on significant cuts to Medicaid. ADRIAN FLORIDO, HOST: House Republicans are crafting a budget package that includes President Trump's top agenda items - boosting border security and extending his tax cuts. WALSH: So the House Republican budget calls for up to $2 …

The House Wants to Pass Trump’s Agenda in One Big Bill. Here’s What’s in It.
1 month, 1 week ago

The House Wants to Pass Trump’s Agenda in One Big Bill. Here’s What’s in It.

New York Times  

The House Wants to Pass Trump’s Agenda in One Big Bill. Spending overseen by the committee $24.6 trillion Medicaid Medicare Other Cuts required $880 billion Spending overseen by the committee $24.6 trillion Medicaid Medicare Other Cuts required $880 billion Each square represents $250 billion in 10-year gross mandatory spending. Spending overseen by the committee Cuts required $1.5 trillion $230 billion …

Trump Endorses House Budget Plan With Medicaid Cuts
1 month, 1 week ago

Trump Endorses House Budget Plan With Medicaid Cuts

Huff Post  

LOADING ERROR LOADING WASHINGTON ― President Donald Trump has finally picked a side in the standoff between House and Senate Republicans over how best to enact his agenda. “The House and Senate are doing a SPECTACULAR job of working together as one unified, and unbeatable, TEAM,” Trump wrote, “however, unlike the Lindsey Graham version of the very important Legislation currently …

How Democrats Plan To Make Republicans Squirm On Tax Cuts, DOGE
1 month, 1 week ago

How Democrats Plan To Make Republicans Squirm On Tax Cuts, DOGE

Huff Post  

LOADING ERROR LOADING WASHINGTON ― Senate Democrats will force Republicans to take tough votes this week aimed at reversing President Donald Trump’s cuts to popular government programs and his plans to lower taxes for the wealthy. The Democratic amendments will focus on three specific areas: Republican plans for tax cuts for the wealthy, how Republicans intend to pay for those …

Opinion: Extend Trump’s 2017 tax cuts to promote growth, but cut spending too
1 month, 2 weeks ago

Opinion: Extend Trump’s 2017 tax cuts to promote growth, but cut spending too

LA Times  

Sen. Mitch McConnell was majority leader when President Trump’s first-term tax reform passed in 2017. While the upfront cost of the tax cuts back in 2017 was $1.5 trillion, on paper, to make them permanent could cost $4.6 trillion. To the extent that the 2017 cuts spurred growth and higher revenue, that was mostly the product of the permanent reduction …

'Rips healthcare away': Dem blasts $4.5T tax cuts advanced by GOP-led House Budget panel
1 month, 2 weeks ago

'Rips healthcare away': Dem blasts $4.5T tax cuts advanced by GOP-led House Budget panel

Raw Story  

The Republican-led House Budget Committee has advanced a "fiscal framework" that calls for $4.5 trillion in tax cuts, NBC News and Politico reported late Thursday. The budget resolution notably includes flexibility to increase tax cuts if deficit reduction exceeds $2 trillion. Rep. Jodey Arrington, the Budget Committee chair, told NBC News the budget resolution provides the "fiscal framework for what …

'Don’t think the numbers are real': GOP senator joins Dems in doubting Senate's budget
1 month, 2 weeks ago

'Don’t think the numbers are real': GOP senator joins Dems in doubting Senate's budget

Raw Story  

WASHINGTON — The Senate began its budgeting process after waiting several weeks for the House to move forward with its process. "An $800 billion discrepancy, if I don't get a good explanation for that, I can't vote for the legislation," Paul added. "Well, let's be clear right now, Republicans have a majority in the House, a majority in the Senate, …

House Republicans Eye Big Cuts To Medicaid And Food Assistance
1 month, 2 weeks ago

House Republicans Eye Big Cuts To Medicaid And Food Assistance

Huff Post  

WASHINGTON — House Republicans on Wednesday unveiled a broad outline of their plans for the federal budget, using cuts to social programs to help pay for trillions of dollars in tax cuts. What we’re doing is the right thing by the people.” But the cuts the new budget document envisions would likely require savings well beyond what adding work requirements …

House Republicans unveil blueprint to extend $4.5 trillion in tax cuts and lift the debt ceiling
1 month, 2 weeks ago

House Republicans unveil blueprint to extend $4.5 trillion in tax cuts and lift the debt ceiling

Associated Press  

WASHINGTON — House Republicans released a budget plan Wednesday that sets the stage for advancing many of President Donald Trump’s top domestic priorities, providing for up to $4.5 trillion in tax cuts and a $4 trillion increase in the debt limit so that the U.S. can continue financing its bills. Even as some programs would be cut, money would be …

Spending bill talks bog down after Trump’s efforts to slash government
1 month, 3 weeks ago

Spending bill talks bog down after Trump’s efforts to slash government

LA Times  

Before President Trump and Republicans in Congress can enact much of their legislative agenda, they have to complete work on the current budget year’s spending bills. Before President Trump and Republicans in Congress can enact much of their legislative agenda, they have to deal with some unfinished business — completing work on the current budget year’s spending bills. House Democratic …

Republicans crafting Trump’s big bill hit a familiar roadblock: How to pay for it
2 months ago

Republicans crafting Trump’s big bill hit a familiar roadblock: How to pay for it

Associated Press  

DORAL, Fla. — After fours years of criticizing growing government deficits under Joe Biden, Republicans now have a math problem of their own — how to offset the multitrillion-dollar cost of extending and expanding the tax cuts they passed in President Donald Trump’s first term. Seeking to rally support in a speech Monday evening, Trump exhorted Republicans to stick together …

How Republicans could pay for Trump agenda and how it could hit your wallet
2 months, 1 week ago

How Republicans could pay for Trump agenda and how it could hit your wallet

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President Donald Trump’s lofty agenda to tackle immigration, cut taxes …

Here’s why the cost of extending Trump’s tax cuts just surged by nearly $1 trillion
2 months, 3 weeks ago

Here’s why the cost of extending Trump’s tax cuts just surged by nearly $1 trillion

Raw Story  

If Congress doesn't act quickly to end the provisions in President-elect Donald Trump's 2017 Tax Cuts and Jobs Act, it could blow an even bigger hole in the federal budget. Nearly 40 provisions in the 2017 law are set to expire this year, and because Senate Majority Leader John Thune has already signaled that the Republican majority's first legislative priority …

Elon Musk Walks Back Vow To Find $2 Trillion In Wasteful Spending
2 months, 3 weeks ago

Elon Musk Walks Back Vow To Find $2 Trillion In Wasteful Spending

Huff Post  

LOADING ERROR LOADING Republican budget guru Elon Musk admitted Wednesday that his vision of $2 trillion in spending cuts is not very realistic. “I think if we try for $2 trillion, we’ve got a good shot at getting one.” It’s a notable retrenchment from Musk’s prior position. On the campaign trail in October, Musk said he could find “at least …

Republicans quietly cut IRS funding by $20 billion in bill to avert government shutdown
3 months ago

Republicans quietly cut IRS funding by $20 billion in bill to avert government shutdown

Salon  

Republicans quietly made massive progress on their goal to defund the IRS in a last-minute package to avoid a government shutdown. Through the continuing resolution passed last week, funding the government through March and cutting $20 billion in supplemental funding for the taxation agency, Congress automatically extended cuts passed by the GOP in 2023 to a massive IRS investment. A …

Johnson’s spending nightmare points to grueling GOP problems next year
3 months, 2 weeks ago

Johnson’s spending nightmare points to grueling GOP problems next year

Politico  

In theory, most Republicans support the latter idea, but looking for trillions of dollars in savings could drastically slow down an agenda that the GOP hoped to accomplish in the first 100 days of Trump’s administration. Other Republicans, including some who previously said they would support him, now won’t commit to backing him, despite Trump endorsing Johnson just over a …

'Chomping at the bit': Analyst claims Republican just showed rush to slash Social Security
3 months, 4 weeks ago

'Chomping at the bit': Analyst claims Republican just showed rush to slash Social Security

Raw Story  

Republicans are already revealing their eagerness to cut earned benefits for millions of Americans, if one House Republican is to be believed. In a recent interview with Fox Business host Maria Bartiromo, Rep. Richard McCormick said that he aims to convince his fellow lawmakers that "hard decisions" need to be made about Social Security, Medicare and Medicaid if his party …

Donald Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts
4 months ago

Donald Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts

Hindustan Times  

A tax break for millionaires, and almost everyone else. Government job cuts to “drain the swamp.” Having won the election and sweeping to power, Republicans are planning an ambitious 100-day agenda with President-elect Donald Trump in the White House and GOP lawmakers in a congressional majority to accomplish their policy goals. Trump’s first term became defined by those tax cuts, …

Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts
Trending News
4 months ago

Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts

Associated Press  

WASHINGTON — A tax break for millionaires, and almost everyone else. Trump’s first term became defined by those tax cuts, which were approved by Republicans in Congress and signed into law only after their initial campaign promise to “repeal and replace” Democratic President Barack Obama’s health care law sputtered, failing with the famous thumbs-down vote by then-Sen. John McCain, R-Ariz. …

Musk wants $2 trillion of spending cuts. Here’s why that’s hard.
4 months ago

Musk wants $2 trillion of spending cuts. Here’s why that’s hard.

Live Mint  

The U.S. federal government spent $6.75 trillion in the most recent fiscal year ended Sept. 30, according to the Congressional Budget Office. Elon Musk has been tasked alongside biotech company founder Vivek Ramaswamy with leading President-elect Donald Trump’s effort to reduce this government spending through the new Department of Government Efficiency. Social Security benefits cost the government $1.45 trillion in …

Elon Musk's budget-cutting promises defy arithmetic
4 months, 1 week ago

Elon Musk's budget-cutting promises defy arithmetic

LA Times  

President-elect Donald Trump’s designated debt-busters, Elon Musk and Vivek Ramaswamy, last week wrote an op-ed in the Wall Street Journal providing the fullest accounting yet of their plans to cut “waste, fraud and abuse” — that most well-worn and oft-broken of political promises. Indeed, an omission from the dynamic duo’s piece suggests that they — and Trump — may have …

Elon Musk Has New Idea For Donald Trump: Giant Budget Cuts
5 months ago

Elon Musk Has New Idea For Donald Trump: Giant Budget Cuts

Huff Post  

LOADING ERROR LOADING During Donald Trump’s rally at Madison Square Garden on Sunday, campaign surrogate Elon Musk pitched an eyebrow-raising $2 trillion budget cut. Trump has promoted Musk as someone who could identify wasteful federal spending, but a $2 trillion cut would amount to almost a third of the budget and crush a range of popular programs ― especially if …

'Explosive path': Experts say 'expensive' Trump tax plan will add $5.8 trillion to deficit
7 months ago

'Explosive path': Experts say 'expensive' Trump tax plan will add $5.8 trillion to deficit

Raw Story  

Donald Trump's tax plan for a second potential term as president would be much more expensive than the one proposed by Vice President Kamala Harris, according to experts. "Former President Donald Trump would seek to extend the tax cuts enacted through the Tax Cuts and Jobs Act, his signature 2017 legislation that reduced taxes for most Americans, although research has …

Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion
9 months, 2 weeks ago

Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion

Associated Press  

WASHINGTON — The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in February. White House spokeswoman Karine Jean-Pierre, said in a statement that the report “is further evidence of the need for Congress to pass President Biden’s Budget to reduce the …

Both sides of politics have decided to increase the cost of government, but no one wants to admit that means taxes must rise
10 months, 1 week ago

Both sides of politics have decided to increase the cost of government, but no one wants to admit that means taxes must rise

ABC  

Have you noticed how the political "debate" about the federal budget is almost exclusively conducted in terms of "yes, but they are/were worse!"? There is a rather depressing paucity of any weighting given in the discussion these days to what sort of condition the economy is in, what particular challenges it might be facing (the ongoing effects of a global …

Connecticut lawmakers debate spending remaining COVID-19 funds, forgoing changes to state budget
10 months, 3 weeks ago

Connecticut lawmakers debate spending remaining COVID-19 funds, forgoing changes to state budget

Associated Press  

HARTFORD, Conn. — Facing a Dec. 31 deadline, Connecticut lawmakers were on track Tuesday to approve a Democratic plan to spend at least $360 million in remaining federal COVID-19 pandemic funds on key areas, including higher education, not-for-profit social service agencies, municipal aid and children’s mental health. Republicans in the House and Senate argued the Democrats’ plan sets the state …

California Democrats agree on plan to reduce budget deficit by $17.3 billion
11 months, 4 weeks ago

California Democrats agree on plan to reduce budget deficit by $17.3 billion

Associated Press  

SACRAMENTO, Calif. — California Democratic leaders announced Thursday they had come to an agreement on a plan that would reduce the state’s staggering multibillion-dollar shortfall by $17.3 billion through a combination of spending cuts, delays and deferrals. The agreement came after lawmakers passed legislation to increase the state’s tax on managed care health plans, also known as the managed care …

Republicans rip Biden's 'reckless' $7.3 trillion budget that will 'accelerate America's decline': Top GOP members says plan is a 'another example of disregard for fiscal responsibility'
1 year ago

Republicans rip Biden's 'reckless' $7.3 trillion budget that will 'accelerate America's decline': Top GOP members says plan is a 'another example of disregard for fiscal responsibility'

Daily Mail  

House Republican leadership tore into President Biden's new budget plan for fiscal year 2025, deeming it a 'roadmap to accelerate America's decline.' House Republican leadership tore into President Biden's new budget plan for fiscal year 2025, deeming it a 'roadmap to accelerate America's decline' The White House plans to pay for its ambition agenda - which includes $3 billion for …

Biden unveils a budget that would cut costs for families and hike taxes for the rich
1 year ago

Biden unveils a budget that would cut costs for families and hike taxes for the rich

NPR  

Biden unveils a budget that would cut costs for families and hike taxes for the rich Enlarge this image toggle caption Kevin Dietsch/Getty Images Kevin Dietsch/Getty Images The White House unveiled a new $7.3 trillion federal budget proposal on Monday, a plan that would hike taxes on billionaires and large corporations to pay for programs that would cut costs for …

US Senate passes $460 billion spending bill to narrowly avoid government shutdown
1 year ago

US Senate passes $460 billion spending bill to narrowly avoid government shutdown

India TV News  

Washington: The US Senate on Friday narrowly avoided a partial government shutdown by approving spending legislation for several government agencies just hours before the current funding was due to expire. The $467.5 billion spending package was passed by a vote of 75-22 in the Senate and now requires final approval by US President Joe Biden. "To folks who worry that …

Arkansas governor proposes $6.3B budget as lawmakers prepare for session
1 year ago

Arkansas governor proposes $6.3B budget as lawmakers prepare for session

Associated Press  

Sarah Huckabee Sanders on Wednesday proposed a $6.3 billion budget for the coming year, with most of the increase in spending going toward a school voucher program. Sanders’ budget proposal for the fiscal year that begins July 1 increases state spending by 1.76% over the previous year, with nearly all of the $109 million increase going toward education. “I am …

Republicans Preparing Major Tax Cut Bill For After Debt Ceiling Crisis
1 year, 10 months ago

Republicans Preparing Major Tax Cut Bill For After Debt Ceiling Crisis

Huff Post  

LOADING ERROR LOADING WASHINGTON ― House Republicans are preparing a package of tax cuts they could take up soon after Congress gets finished with its debt ceiling crisis. “But we’re prepared to move forward with an economic package that I think will be reflective of what we’ve talked a lot about.” LaHood said that Republicans would consider how to “continue …

GOP Alarms About Government Spending Don't Include Huge Military Budgets
1 year, 10 months ago

GOP Alarms About Government Spending Don't Include Huge Military Budgets

Huff Post  

LOADING ERROR LOADING WASHINGTON ― House Speaker Kevin McCarthy rejected cutting spending on the military even as he portrayed the rising debt as an existential threat to the nation that needed to be urgently addressed in negotiations with President Joe Biden. Republicans have demanded significant spending cuts in exchange for lifting the federal government’s “debt ceiling,” a legal limit on …

Minnesota Legislature adjourns after passing $72B budget; Democrats celebrate as GOP hits tax hikes
1 year, 10 months ago

Minnesota Legislature adjourns after passing $72B budget; Democrats celebrate as GOP hits tax hikes

Associated Press  

ST. PAUL, Minn. — The Minnesota Legislature put the final touches on a $72 billion state budget and adjourned for the year Monday night as Democrats celebrated enacting an ambitious agenda that ranged from protecting abortion rights, to providing more resources for education, to legalizing marijuana. The big tax bill of the session, which cleared its final test Sunday evening, …

Debt ceiling: Congress currently has two options for avoiding economic catastrophe—but they have some serious pitfalls!
1 year, 10 months ago

Debt ceiling: Congress currently has two options for avoiding economic catastrophe—but they have some serious pitfalls!

Slate  

On Monday, Treasury Secretary Janet Yellen sent Congress an update on when the government could run out of cash to pay its bills. But rather than gaming out the available legislative days and arcane procedures in House rules, let’s focus on the bigger problem with this approach: Getting 218 House members—not to mention 60 Senators—to commit to a clean debt …

Republican debt cap plan to cut US jobs, slow growth: Economist
1 year, 10 months ago

Republican debt cap plan to cut US jobs, slow growth: Economist

Al Jazeera  

A Republican plan to cut federal spending in exchange for lifting the United States government’s debt ceiling would lower employment, slow economic growth and “meaningfully increase” the likelihood of a recession, Moody’s Analytics’ chief economist told a Senate committee on Thursday. Mark Zandi told the Senate Budget Committee that US GDP growth would be 1.61 percent in 2024 if the …

Editorial: House Republicans want to balance the budget on the backs of America’s kids
1 year, 11 months ago

Editorial: House Republicans want to balance the budget on the backs of America’s kids

LA Times  

The budget spearheaded by House Speaker Kevin McCarthy simply calls for 22% in funding cuts without considering what students need. Republicans propose slashing funding for critical education programming that would affect low-income students, students with disabilities and students who need mental health support. In contrast, the Department of Education says that Biden’s $6.9-trillion budget proposal would add funding to low-income …

What’s in the GOP bill to lift debt limit, cut spending
1 year, 11 months ago

What’s in the GOP bill to lift debt limit, cut spending

Associated Press  

WASHINGTON — House Republicans are trying to exact a price from Democrats for agreeing to increase the nation’s borrowing authority and prevent the government from defaulting on the obligations it has accrued over decades. TARGET THE IRS House Republicans began their tenure in the majority by passing a bill that would rescind nearly $71 billion that Congress is providing the …

House Republicans Pass Their Debt Ceiling Bill, But Path Ahead Unclear
1 year, 11 months ago

House Republicans Pass Their Debt Ceiling Bill, But Path Ahead Unclear

Huff Post  

LOADING ERROR LOADING WASHINGTON ― House Republicans cleared a big step Wednesday in their effort to force the White House to come to the bargaining table on raising the debt limit and keeping the government from defaulting: They put their demands in a bill and passed it. After some late-night changes to placate advocates of biofuels, House Republicans held almost …

N. Carolina governor’s big budget increase scoffed at by GOP
2 years ago

N. Carolina governor’s big budget increase scoffed at by GOP

Associated Press  

RALEIGH, N.C. — North Carolina’s Democratic governor released his state government spending plan on Wednesday that would increase spending by 20% over the next two years, double the increase favored by Republican majorities in the House and Senate. Senate leader Phil Berger called Cooper’s budget “an irresponsible, unserious proposal from a lame-duck governor who wants future North Carolinians to pick …

Why America can't put a dent in its $31-trillion debt
2 years ago

Why America can't put a dent in its $31-trillion debt

LA Times  

In his State of the Union address, President Biden promised to find trillions in spending reductions to tackle the national debt. Since the Reagan era, budget experts have warned that without changes to Social Security and Medicare, a huge wave of spending would build as baby boomers claimed their benefits and healthcare prices rose. Social Security and Medicare are among …

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