A Closer Look At Inequality in America

Former Clinton economic advisor and current Senior Fellow at the Center for American Progress Gene Sperling takes a closer look at economic inequality in America in his most recent column for Bloomberg News. Sperling unpacks the recent statements by Secretary of Treasury John Snow that income inequality has actually shrunk under President Bush and explains why a closer look at the numbers shows it is difficult to back up such a claim. Bloomberg News: A Disappointing Decade for Inequality

read in full

More Americans United Behind the Estate Tax

Check out this Responsible Weath release which says that even more people now prefer keeping or reforming the estate tax, as opposed to repealing it. The release says:

read in full

Amendments to Bush's Budget Proposal

The OMB issued some amendments to the President's budget on April 6. The State Department, Department of Agriculture, FCC, and Smithsonian are affected by the amendments. Proprosed discretionary totals would not be affected by these amendments. Most of these amendments address salaries and expenses, or errors made in the original request.

read in full

NPP: Where Do You Tax Dollars Go?

Last week the National Priorities Project released their annual publication Where Do Your Tax Dollars Go? The publication shows how the median income family's income tax dollars are spent for every state and 200 cities, towns and counties. It also looks at the shift in how tax dollars were spent in 2005 compared with 2000. For example, NPP has found that the military's share of the income tax dollar has risen by 20 percent since 2000, while the share of spending has dropped for job training (-21 percent), environment (-19 percent), housing (-7 percent) and veteran's benefits (-2 percent).

read in full

Congressional Twilight Zone

Despite a flurry of last minute negotiations and abundant rumors from Capitol Hill, GOP negotiators could not find a compromise on the long-delayed 2005 tax reconciliation bill before they left Washington for a two-week recess. Both the president and GOP leaders in Congress made a push to reach consensus on the bill before the upcoming tax filing deadline on April 15.

read in full

House GOP Attempts To Pass Budget Fail

In a surprising collapse late yesterday afternoon, the House GOP leadership pulled the 2007 budget resolution from floor consideration and gave up any efforts to pass the bill before the two-week April recess. Lacking the votes to pass the resolution, new GOP Majority Leader John Boehner (R-OH) failed in his first major test as head of the new leadership team in the House. Boehner had made statements earlier this week vowing to pass a budget before the recess or abandon efforts to pass one at all. On April 4, he asked rhetorically, "If we don't do it this week, why do it at all?"

read in full

Opposition Arises to House Budget Bill

It appears the budget bill passed by the House budget committee has garnered a good deal of opposition on both sides of the aisle. Democrats are, of course, opposed to the strict cap on discretionary spending in the budget (set at $873 billion). A number of moderate Republicans also oppose the bill, and while many of them are pushing for $7.2 billion more in discretionary spending to be added, there is little chance the Rules Committee will allow them to offer the amendment. Republican Rep.

read in full

Watcher: April 5, 2006

House Budget Committee Approves Budget Resolution 2006 Tax Reconciliation Conference Remains Stalled Harmful Budget Process Plans Could Become Reality

read in full

2005 Tax Reconciliation Nears Deal?

Believe it or not, rumors are floating down from Capitol Hill that conferees to the reckless 2005 tax reconciliation bill may have finally reached agreement on a bill they hope will pass both chambers. The Congress has been working on this bill for well over a year and it was starting to look like they would not be able to reach consensus.

read in full

More Detail on Senate Supplemental Spending Bill

Yesterday, the Senate Appropriations Committee approved a $106.5 billion supplemental spending bill. The bill appropriates $72.4 billion for war funding in Iraq and Afghanistan and foreign aid and $27.1 billion for hurricane relief. Below are additional details on funding that was added by amendment in committee: Amendments Adding Funding Dorgan/Burns: $4 billion for agriculture relief Shelby: $1.1 billion for fisheries Harkin: $2.3 billion for pandemic flu preparations Byrd: $648 million for port security Murray: $594 million for FHA emergency road repair program

read in full

Pages

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