Oregon Ballot Initiatives Could Show Path Forward in Federal Tax Debate

The Great State of Oregon

In the midst of the media's recent myopic focus on the election of Sen. Scott Brown (R-MA), the fourth estate has largely overlooked the fact that Oregon voters approved measures at the ballot box in January to increase taxes on wealthy citizens and corporations to help bring the state back into fiscal balance. Earlier this week, the Center on Budget and Policy Priorities (CBPP) released a short paper on the implications those votes could have in Congress on the debate over the expiration of the Bush Tax Cuts.

read in full

Recovery Act More Successful than You Think

Road Construction

With the arrival of the one-year anniversary of the Recovery Act, experts and pundits alike are reviewing how the Obama administration's stimulus effort has stacked up thus far. Despite what some in Congress say and in contrast to how the public generally feels, it turns out the Recovery Act has worked pretty well and has been quite a successful piece of public policy.

read in full

Krugman: Unhinged Deficit Fears Create Misguided Policy Priorities

Paul Krugman

If you missed Paul Krugman’s op-ed in the New York Times this past Thursday, I strongly recommend reading it. The Nobel Prize-winning economist and Princeton scholar adroitly explains why “the sudden ubiquity of deficit scare stories,” which “isn’t being driven by any actual news,” is leading Washington to focus on the wrong fiscal priorities.

read in full

Estate Tax Foes Attempt to Enlist Religious Conservatives

Christian Soldiers Unite

It seems old Dick Patten at the American Family Business Institute (AFBI) is up to his old tricks again, trying to scare people about the estate tax with lies and distortions in an attempt to gin up support to kill the tax in Congress. This time, though, he's adopted pious language to spread the gospel of the "evils" of the tax among religious conservatives.

read in full

Iraq Reconstruction IG Nabs a Couple Bad Guys

U.S. Soldiers in Iraq

The office of the Special Inspector General for Iraq Reconstruction (SIGIR) released its 24th quarterly report on Saturday. If you haven't been paying attention to what's been going on in Iraq recently, it's worth a read. Besides providing observations on what's happening in the country and detailing the sources and uses of reconstruction funds, the inspector general's report also describes their recent oversight activities and successes in rooting out corruption within government contracting overseas.

read in full

Senate Clears $1.9 Trillion Debt Ceiling Increase

Just Put It on the Card

Last Thursday, the Senate voted, 60-39, along partisan lines to pass legislation raising the nation's borrowing capacity to $14.3 trillion. During debate of the bill, senators rejected an amendment to establish a commission to make recommendations to reduce the deficit, but agreed to an amendment reinstituting statutory pay-as-you-go (PAYGO) rules with some exemptions.

read in full

Iraq and Afghanistan Get an Extra Dose of Oversight

An Army of One

The folks over at Government Executive.com have the scoop on the Commission on Wartime Contracting's (CWC) recent move to open two field offices in Southwest Asia. The Iraq office, which is currently staffed by one expert and awaiting a second, is located in central Baghdad. Two experts staff the Afghanistan office, located at Bagram Air Field, which is roughly 25 miles outside the capital of Kabul.

read in full

Of Campaign Promises and No-Bid Contracts

Everyone chill out, I got this

With the recent passage of President Obama's first anniversary in office, journalists, bloggers, and commentators have been sizing up the administration's accomplishments and failures thus far. In that spirit, Fox News, in an article examining a contract recently awarded under the Obama administration, concluded that the president has failed to keep his campaign promise of ending no-bid "sweetheart deals" in government contracting. To say that this verdict – which manipulated OMB Watch data – is misleading and a bit premature is an understatement.

read in full

What Makes Defense Spending so Special?

A Waste of Money

Following up on Craig's post earlier this evening, I wanted to point out some of the really good points that Spencer Ackerman over at the Washington Independent and Matt Yglesias over at Think Progress have been making all day about President Obama's recently announced spending freeze. Ackerman asks why in the world defense spending should go unaffected and Yglesias adds that, while there are reasons to treat various kinds of spending and taxes differently, "the security / non-security distinction doesn’t hold up ... at all."

read in full

Podesta Proposes Reasonable Plan for Deficit Reduction

John Podesta

At a hearing before the House Budget Committee last week, former Clinton White House Chief of Staff and current President of the Center for American Progress John Podesta advocated for a long-term approach to reducing deficits and bringing back a balanced budget. For all the hyperventilating over the debt and deficits currently going on in Washington and around the country, Podesta's approach is the closest thing I've seen to a sane plan.

read in full

Pages

Subscribe to The Fine Print: blog posts from Center for Effective Government