Long Overdue Outrage Over the Anti-Estate Tax Crowd

Both the New York Times and the Washington Post ran lead editorials this morning denouncing the attempt of Sens. Blanche Lincoln (D-AR) and Jon Kyl (R-AZ) to give yet another tax cut to the children of the very richest Americans. Both editorials are spot on and raise excellent points about why Sens. Lincoln and Kyl seem to be both out of touch and out of their minds. In fact, both editorials express far more outrage and disdain for this proposed tax cut than I've ever seen before in any newspaper. (Read the Times and Post editorials.)

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Never Mind the Facts, What the Economy Needs Are Tax Breaks

The House and Senate are debating this week and will most likely vote on their respective budget resolutions. As per tradition, the minority party will offer their own budget resolution for a vote. In a Wall Street Journal Op-Ed today, Ranking House Budge Committee Member Paul Ryan (R-WI) introduces America to their spending blueprint, otherwise known as "The Republican Budget: Now with NumbersTM."

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56 National Organizations Oppose More Tax Cuts for Millionaires

The House and Senate are debating the FY 2010 budget resolution on the floor this week and in anticipation of regressive amendments that would expand the cut to the estate tax enacted under the Bush administration, OMB Watch joined 55 other national nonprofit organizations have sent a letter to each senator urging them to oppose any amendment that further erodes the estate tax.

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IRS Stepping it Up!

BNA reported (sorry, no link) last night that the IRS is set to step up its enforcement of the tax code by hiring additional revenue agents and officers. While you might not like the IRS, this is great news for starting to chip away at the $345 billion annual tax gap. Deputy Commission for Services and Enforcement Linda Stiff gives more details.

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The Budget Process and You: An In-Depth Guide

As the FY 2010 budget cycle gets underway, casual readers and even some familiar with the budget process may find themselves looking for more detailed information on the budget process to better understand what's going on in Congress with respect to budgetmaking. Fortunately, for novices and budget aficionados alike, the House Rules Committee has posted myriad CRS reports on not only the budget process, but on the legislative process in general.

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Senate Votes to Quit Dithering, Sends '09 Omnibus to Obama

UPDATE: President Obama has signed the bill into law.

After a couple of days of voting down Republican-offered amendments, the Senate finally agreed last night to end debate on a $410 omnibus spending bill. After the 62-35 vote, the Senate ended the FY 2009 appropriations process by a voice vote.

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IRS Ends Private Debt Collection Program

An IRS press release brings us some good news this morning.

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The Circle of Life (Insurance)

It's beautiful, man.

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Will Obama’s Budget Increase Health and Safety Spending?

An article in yesterday’s Wall Street Journal points out that President Obama’s proposed FY 2010 budget blueprint, released last week, promises boosts in funding for regulatory standard setting and enforcement.

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Obama Releases FY 2010 Budget -- Sort Of

While not a complete budget with details of the myriad programs and offices the federal government runs, the document released yesterday by the Obama Administration does indicate the general outline of what and how the operations of the federal government are funded.

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