Robert Samuelson Is A Self-Righteous Fool

In an ongoing effort to define what exactly is so terrible about Robert Samuelson, fiscal policy columnist for Newsweek and the Washington Post, I present his latest "fun" column on the exploding behemoth of a entitlement crisis disaster. Mr. Samuelson now strikes a righteous, enlightened pose, and yet again fails to understand what is at issue. St. Samuelson speaks of vitueless baby boomers whose retirement may cost more money:

read in full

Obstacles to Info on Earmarks Easily Overcome

A March 31 article entitled Transparency Takes a Hit by Robert Bluey of Heritage supports an idea we've offered below. The Congressional Research Service (CRS) produced thorough reports on earmarks in appropriations acts in FYs 94, 96, 98, 2000, 02, 04, 05, and 06, calculating the number and dollar value of earmarks originating both from the Executive Branch and from Congress. But last month, CRS suddenly decided to desist with these reports, citing reasons that defy comprehension. Per Bluey:

read in full

An Independent Call for an Independent Ethics Panel

In the first 100 hours of the current Congress, the House enacted a package of ethics and lobbying reforms that included banning members of Congress from receiving gifts and free meals and travel from lobbyists. About a month later, Speaker Nancy Pelosi (D-CA) tapped Rep. Michael Capuano (D-MA) to head up a bipartisan task force to explore whether to create an independent office to enforce House ethics rules. Capuano's findings are due May 1, but expected later that month.

read in full

AMT Reform: Nothing "Minimal" About It

With Tax Day 2007 almost a week away, policy experts, legislators, and the media are examining the biggest anomaly in the U.S. tax code: the Alternative Minimum Tax (AMT). Aimed at the 155 richest families who paid zero taxes in 1969, the AMT failed to reach 2,824 untaxed rich families in 2003, while the numbers paying it topped three million.

read in full

More on the Demise of Supply-Side Econ

To follow up Dana's post about the NYT's obit for supply-side economics, I want point you to a couple of related posts. First, Kevin Drum @ Washington Monthly: I got to wondering if serious supply-siders got tired of having their entire school of thought made into a laughingstock by today's endless parade of yahoos blathering mindlessly about how tax cuts always and everywhere magically increase revenue. Surely they find such childishness embarrassing?

read in full

Encore for the OMB Earmarks Database

The next steps for the OMB earmarks database team are clear and easily accomplished -- moving quickly to add the FY 2006 earmarks to the database, this time including earmarks requested by the Bush administration. How easy would it be to do this? Well, a quick look at the Congressional Research Service memo of March 6, entitled "Earmarks in the FY 2006 Appropriation Acts," obtained by OMB Watch, suggests that it's already been done.

read in full

New York Times Obit: "Supply-Side Economics"

An announcement appears in today's New York Times of the imminent demise of "a frequently misleading and meaningless buzzword" and its "perversions ... long past time ... to be put to rest ... for good." Bruce Bartlett, senior advisor to Reagan and Bush I, author of Impostor: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy, and "present at the creation of 'supply-side economics,'" now ridicules its nefarious notion that "all tax cuts raise revenue," adding that

read in full

NPP On Income Tax Spending

Tax day is coming up; want to be disgusted by what your income taxes are actually paying for? Check out this new report from the National Priorities Project.

read in full

Krugman on PAYGO, Sorta

Paul Krugman's column today highlights what seems to me an unintended but good consequence of the PAYGO world: rooting out corporate welfare.

read in full

Senate Estate Tax Votes: Less Zeal for Repeal

United for a Fair Economy has just come out with a background piece analyzing the four estate tax votes held in the Senate on March 23. The votes show reduced Senate support for repeal of the tax, compared with previous votes on the issue. The findings:
  • ten Senators took new positions on the estate tax, supporting estate tax reform rather than repeal or opposing repeal for the first time:
    • Baucus (D-MT), Kyl (R-AZ), Lincoln (D-AR), Lugar (R-IN), Nelson (D-NE), Pryor (D-AR), Stevens (R-AK), Voinovich (R-OH), Warner (R-VA)

read in full

Pages

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