Blog: The Fine Print / Revenue & Spending

Snow Sends Pro-Tax Cut Letter to Grassley and Thomas

Feb 23, 2006 by Guest Blogger

Today, Secretary Treasury John Snow sent a letter to Finance Committee Chairman (and tax bill conferee) Charles Grassley (R-IA) and Ways and Means Chairman Bill Thomas (R-CA) stating "the Administration's strong support for the extension... of dividends and capital gains tax relief included in the House-passed bill." Both Grassley and Thomas are known to be in favor of this extension as well.

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Watcher: February 23, 2006

Feb 23, 2006 by Guest Blogger

Tough Negotiations Ahead for Tax Bill Frist Vows Estate Tax Vote This Spring More Dishonest War Budgeting From White House Lobby Reform Continues to Overlook Budget Process

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Cost of Supplemental War Spending in Your State

Feb 22, 2006 by Guest Blogger

Last week the White House issued a request for an additional $72 billion in supplemental funding for war costs. To find out how this cost plays out in your specific state, check out the National Priorities Project website.

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Tax Cuts Do Not Add to the Treasury

Feb 22, 2006 by Guest Blogger

The other day Vice President Cheney said before a group of conservatives: "The evidence is in, it's time for everyone to admit that sensible tax cuts increase economic growth, and add to the federal treasury."

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House Conferees for Tax Reconciliation Bill

Feb 21, 2006 by Guest Blogger

Five conferees have been picked from the House for negotiations over the tax reconciliation bill. They are Reps. Dave Camp (R-MI), Pete Stark (D-CA), and Jim McCrery (R-LA), Ways and Means Committee ranking member Charles Rangel (D-NY), and Ways and Means Chairman Bill Thomas (R-CA). The House has five conferees to the Senate's three, which could potentially give House members a leg up in these negotiations.

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Budget Gimmicks in Bush's FY07 Proposal

Feb 19, 2006 by Guest Blogger

President Bush's FY 2007 budget includes two proposals that mask the true cost of extending the 2001 and 2003 tax cuts, which Bush claims to be one of his najor goals in 2006. As this Center on Budget and Policy Priorities report states,

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White House Requests $92.2 Billion Supplemental

Feb 17, 2006 by Guest Blogger

The White House submitted a $92.2 billion FY2006 supplemental spending request yesterday, which includes $72.4 billion for military operations in Iraq and Afghanistan and intelligence activities, and $19.8 billion for Gulf Coast rebuilding costs. The Pentagon, which currently spends about $6.8 billion per month, will receive $65.3 billion to get through the current fiscal year.

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House Budget Committee Hearing on PART

Feb 16, 2006 by Matthew Madia

The House Budget Committee held a hearing today on performance evaluations and spending trends. Clay Johnson of the Office of Management and Budget testified, along with Brian Reidl of the Heritage Foundation and Bob Greenstein of the Center on Budget and Policy Priorities. Johnson spoke of the importance of accountability in government spending as well as OMB's new performance website, but refused to recognize the hypocrisy surrounding some of the budget decisions made after these programs are evaluated by OMB's standards. Testimony and opening remarks are below:

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Less Funding for Grants to Religious Groups, Study Shows

Feb 15, 2006 by Guest Blogger

Yesterday a nonpartisan group released a study claiming that the amount of federal grants given to faith-based organizations has declined from 2002 to 2004, as the total amount of funding available for federal grants has decreased over the past three years. The study was conducted by the Roundtable on Religion and Social Welfare Policy. The group examined 28,000 grants made by nine federal agencies over three years. Kay Guinane of OMB Watch was quoted yesterday in a Washington Post article about the study, staying that it:

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Tax Negotiations Expected After President's Day

Feb 15, 2006 by Guest Blogger

The Senate has appointed three conferees to the tax cut negotiations. They are Sens. Charles Grassley (R-IA), Max Baucus (D-MT), and Jon Kyl (R-AZ). The appointment of Kyl, who is an advocate of extending the investment tax cuts, is a sign that the leadership in the Senate supports this as well. Grassley said on Tuesday that the bill will not pass the Senate unless it includes both the alternative minimum tax protection as well as an extension of low rates for capital gains and dividends.

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