Posted by editor on May 1, 2012 · Leave a Comment
The Obama administration’s 2013 budget will boost the economy and employment in the short-term but add to the national debt and hurt the economy in the long-run, according to the Congressional Budget Office. Read More
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Filed under Analysis, Current Events, Economy, Government, News, Politics, Tax Policies, U.S. · Tagged with budget, CBO, Congressional Budget Office, debt, deficit, demand, economic crisis, economic recovery, economy, election 2012, employment, federal budget 2013, federal debt, federal deficit, federal spending, GDP, government spending, jobs, national debt, President Barack Obama, presidential election 2012, reduce deficit, tax, tax cuts, tax expenditures, U.S., unemployment, United States, White House
Posted by Jenny Jiang on April 17, 2012 · Leave a Comment
To commemorate Tax Day, the Congressional Budget Office (CBO) released four helpful infographics on where the nation’s tax dollars came from and how they were spent in 2011: Read More
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Filed under Current Events, Government, Tax Dollars at Work, Tax Policies, U.S. · Tagged with budget, CBO, Congressional Budget Office, debt, defense, deficit, discretionary spending, federal budget, federal debt, federal deficit, federal government, federal income tax, federal spending, government spending, income tax, mandatory spending, national debt, non-defense, spending, tax, tax revenue, taxes
Posted by Jenny Jiang on April 17, 2012 · 1 Comment
Highlights:
The federal government spent $3.6 trillion last year, creating a deficit of $1.3 trillion. Most of the money were spent on defense, Social Security, Medicare, and Medicaid. Read More
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Filed under Economy, Government, Health care, Politics, Social Services, Tax Dollars at Work, U.S. · Tagged with CBO, Congressional Budget Office, debt, defense, deficit, discretionary spending, federal debt, federal deficit, federal government, federal income tax, federal spending, government spending, income tax, mandatory spending, Medicaid, Medicare, national debt, non-defense, payroll tax, Social Security, spending, taxpayers
Posted by editor on April 4, 2012 · 3 Comments
Transcript of President Barack Obama’s speech at the Associated Press luncheon on April 3, 2012:
President Obama:
President Barack Obama at the Associated Press luncheon. SOURCE: WhiteHouse.gov
“Thank you very much. Please have a seat. Well, good afternoon, and thank you to Dean Singleton and the board of the Associated Press for inviting me here today. It is a pleasure to speak to all of you — and to have a microphone that... Read More
Filed under Congress, Current Events, Economy, Election 2012, Government, Health care, Politics, Social Services, Tax Dollars at Work, Tax Policies, Transcripts, U.S. · Tagged with Affordable Health Care Act, Bush tax cuts, children, concentration of wealth, debt, defense, deficit reduction, Democratic, Democratic Party, Democrats, discretionary spending, economic crisis, economic recovery, election 2012, federal debt, federal deficit, financial crisis, foreign debt, GOP, Great Depression, health insurance, high deficits, income and wealth gap, insurance premiums, Medicaid, Medicare, military, Mitt Romney, national debt, Newt Gingrich, non-defense, Obamacare, Paul Ryan, political campaigns, President Barack Obama, presidential election 2012, recession, reduce deficit, Republican, Republican Party, Republicans, retirement, seniors, Social Security, Social Services, tax breaks, tax reform, trickle-down economics, U.S. tax reform, Warren Buffett
Posted by editor on March 30, 2012 · 2 Comments
House Republicans pushed through the controversial Ryan budget on Thursday by a vote of 228 to 191, but the bill has little hope of clearing the Democrat-controlled Senate. Read More
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Filed under Analysis, Congress, Current Events, Economy, Election 2012, Government, Health care, News, Politics, Social Services, Tax Dollars at Work, Tax Policies, U.S. · Tagged with Affordable Health Care Act, balanced budget, children, CHIP, Chris Van Hollen, Congress, corporate tax reform, deficit reduction, Democratic, Democrats, drastic budget cuts, economic recovery, election 2012, federal budget, federal budget 2013, federal debt, federal deficit, federal spending, GOP, health care, House Budget Committee, Medicaid, Medicare, Medicare Part D, national debt, Paul Ryan, President Barack Obama, reduce deficit, Republican, Republicans, tax, tax reform, U.S., U.S. tax reform, United States, US Senate
Posted by editor on March 25, 2012 · 1 Comment
Transcript of the press conference Q&A with Senate Minority Leader Mitch McConnell (R-Ky.) on the Affordable Care Act on March 23, 2012:
Question:
“If the Supreme Court strikes the mandate but the rest of the law stands and experts say that that will send the insurance market into a death spiral. What can Congress do at that point? Can you fix the…?”
Sen. Mitch McConnell (R-Ky.):
“That’s a really interesting question.... Read More
Filed under Congress, Current Events, Economy, Election 2012, Government, Health care, Politics, Social Services, State, Tax Dollars at Work, Transcripts, U.S. · Tagged with Affordable Health Care Act, broken promises, CBO, Congress, coverage mandate, Democrats, Erskine Bowles, federal debt, federal government, GOP, government takeover, Harry Reid, health care, health care law repeal, hospice, hospital, insurance premiums, interstate, Medicaid, medical malpractice, Medicare, Mitch McConnell, national debt, nursing facilities, Obamacare, President Barack Obama, presidential election 2012, regulations, Republican, Republican Party, SCOTUS, state budget, state services, states, Tea Party, tuition, U.S., United States, US Constitution, US Senate, US Supreme Court
Posted by Jenny Jiang on March 21, 2012 · 4 Comments
ANALYSIS:
Seniors, low-income families and children will bear the brunt of the gratuitous budget cuts proposed by House Budget Committee Chairman Paul Ryan (R-Wis.). Read More
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Filed under Analysis, Congress, Current Events, Economy, Election 2012, Government, Health care, News, Politics, Social Services, State, Tax Dollars at Work, Tax Policies, U.S. · Tagged with Affordable Health Care Act, Alice Rivlin, block grants, budget, Budget Control Act of 2011, budget showdown, Center on Budget and Policy Priorities, children, CHIP, Congress, Congressional Budget Office, corporate tax reform, debt, debt limit compromise, defense, deficit, deficit reduction, discretionary spending, drastic budget cuts, Education, Erskine Bowles, federal budget, federal budget 2013, federal debt, federal deficit, federal spending, GDP, GOP, government funding, government spending, health care, health care law repeal, health insurance, high deficits, higher education, House Budget Committee, income and wealth gap, income inequality, insurance premiums, Joint Committee on Deficit Reduction, low-income, Medicaid, Medicare, military, national debt, non-defense, Obamacare, Paul Ryan, Pete Domenici, poverty, premium support system, President Barack Obama, presidential election 2012, public debt, public school education, reduce deficit, Republican, Republican Party, Republicans, retirement, spending caps, spending cuts, tax, tax breaks, tax cuts, tax expenditures, tax reform, top income earners, U.S., U.S. tax reform, United States
Posted by editor on March 20, 2012 · 2 Comments
Transcript of remarks by Sen. Jeff Sessions (R-Ala.), Ranking Member of the Senate Budget Committee, on the GOP’s 2013 budget proposal:
Sen. Jeff Sessions (R-Ala.), Ranking Member of the Senate Budget Committee. SOURCE: CSpan.org
“The House Republicans were elected to a new majority and they have courageously, intelligently and responsibly laid out a new plan for America’s future. They’ve met their duty that they were... Read More
Filed under Congress, Current Events, Economy, Election 2012, Government, Politics, Social Services, Tax Dollars at Work, Tax Policies, Transcripts, U.S. · Tagged with balanced budget, budget, budget showdown, debt, deficit, deficit reduction, Democratic Party, Democrats, drastic budget cuts, election 2012, federal budget, federal budget 2013, federal debt, federal deficit, GOP, Harry Reid, high deficits, Jeff Sessions, national debt, partisan fighting, Paul Ryan, President Barack Obama, public debt, reduce deficit, Republican, Republican Party, Republicans, Senate Budget Committee, US Senate, US Senate Democrats
Posted by editor on March 19, 2012 · 1 Comment
The Obama administration’s proposal to make the Bush tax cuts permanent for the middle class will drive up the deficit by $2.4 trillion over the next decade, according to the Congressional Budget Office.
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Filed under Congress, Current Events, Economy, Election 2012, Government, News, Politics, Tax Dollars at Work, Tax Policies, U.S. · Tagged with Alternative Minimum Tax, budget, Budget Control Act of 2011, Bush tax cuts, CBO, Congressional Budget Office, deficit, Doc Fix, estate tax, federal budget, federal budget 2013, federal debt, federal deficit, federal income tax, high deficits, higher education, Medicare, middle-class, national debt, Overseas Contingency Operations, President Barack Obama, public debt, tax, tax credit, tax cut, tax cuts, tax deductions, tax expenditures, tax extensions, taxes, taxpayers, U.S. tax reform
Posted by editor on February 29, 2012 · 1 Comment
Transcript of Mitt Romney’s remarks to supporters in Michigan on Feb. 28, 2012:
Mitt Romney wins Michigan and Arizona primaries. SOURCE: MittRomney.com
“Wow! What a night! Thank you. Thank you. Thank you.
“Now first…first to call it…
“Okay, first thank you was the first state to call it – thank you, Arizona. Great victory in Arizona tonight.
“And thank you, Michigan. What a win. This is a big night.... Read More
Filed under Current Events, Election 2012, Politics, Transcripts, U.S. · Tagged with AAA rating, Alternative Minimum Tax, Arizona, balanced budget, budget, capital gains, corporate tax, credit rating, deficit reduction, Democratic Party, Democrats, economic crisis, economic recovery, economy, election, election 2012, estate tax, federal budget, federal debt, federal deficit, Fiscal Responsibility, GOP, health care, Jan Brewer, jobs, John McCain, Medicare, Michigan, middle-class, Mitt Romney, President Barack Obama, presidential election 2012, Republican, Republican Party, Republican primary, Republicans, research, Social Security, tax, tax burden, tax cuts, taxes, taxpayers, U.S., United States