Pettiness Creates Bad Tax Policy

My tax policies leave this much to be desired

Earlier this month, Rep. Jason Chaffetz (R-UT) introduced legislation that would require the government to fire federal workers who fail to pay their taxes, and prevent the government from hiring those with "seriously delinquent tax debts." According to Chaffetz, his proposal is perfectly in keeping with President Obama's recent effort to prevent tax delinquent companies from winning government contracts. Chaffetz's reasoning, however, is grossly oversimplified, and his bill, which is resultantly flawed, looks like a knee-jerk attempt at retribution for the private sector.

read in full

Recovery Act Website: $6.8 million. Moving Towards a Transparent Government? Priceless

Here's a little news tidbit from the Recovery Board: in his latest "Chairman's Corner" post, Recovery Board Chairman Earl Devaney disclosed that the website Recovery.gov has thus far cost $6.8 million. This is out of a $9.5 million contract with Smartronix, a Maryland IT company, meaning that the Board has about another $2.7 million left in its contract. After that, the Board has the option of extending the contract through 2014, for about another $9 million. Now, $6.8 million isn't exactly cheap, but for creating a website to show a brand new type of reporting in an extremely compressed time frame, it's not too bad.

read in full

CAP's New Tool Will Break It Down for You

The Center for American Progress has put up a neat interactive federal budget chart.

read in full

Recovery Board to Amend Two-Time Loser List

Responding to a smart ProPublica article from a couple weeks ago, the Recovery Board will be removing 79 of 389 awards from the "two-time loser" list, which documents Recovery Act recipients who twice failed to report on their use of Recovery Act funds. Turns out these 79 reports were in fact filed for one or both of the two reporting quarters.

read in full

What's New for Taxes in '11

A new report by the Joint Committee on taxation details what will happen to the tax code in 2011 should the Bush tax cuts expire. It's good primer (actually a little more detailed than that) on the landscape as it is as advocates turn to the looming tax debate in Congress.

read in full

The Recovery Act is Working

Thirty-eight of fifty-four economists can't be wrong. That's the number of economists who, in a recent survey by the Wall Street Journal ($), said that "the American Recovery and Reinvestment Act boosted growth and mitigated job losses." In other words, 70 percent of economists think that the Recovery Act has helped the nation. Looks like somebody's been reading the many, many official reports which have repeatedly said the exact same thing. But I guess something just isn't true until a majority of randomly selected Ph.Ds say it, right?

read in full

Senate Rejects Arbitrary Budget Caps

Thanks in no small part to the 1,146 emails you sent in the past 48 hours, the Senate just voted down the Sessions-McCaskill amendment, which would have instituted draconian discretionary budget caps for the next three fiscal years. The amendment lost on a 56-40 vote, failing to reach the 60-vote margin it needed by only four votes.

read in full

Boeing Border Fence on Indefinite Hold

The Wall

The political circus pamphlet the POLITICO recently reported that Homeland Security Secretary Janet Napolitano has halted development of Boeing's disastrous and budget-bloated Southwest border fence project known as SBInet. Napolitano noted in a press release on the matter that the fence project, which uses an intricate system of sensors and cameras, "has been plagued with cost overruns and missed deadlines."

read in full

Keep the Pressure on the Senate

We're hearing that the vote on the Sessions-McCaskill amendment will happen today at 5 (EDT). If you haven't done so yet, send a letter to your Senators and tell them that arbitrary limitations on federal spending is terrible budget-making. Take action now!

read in full

Tell the Senate to Vote No on Disastrous Discretionary Spending Caps

In what looks like an attempt to out-fiscal-hawk President Obama, Sens. Jeff Sessions (R-AL) and Claire McCaskill (D-MO) have introduced an amendment that would impose strict limits on discretionary spending for the next three years. The amendment sets limits far lower than Obama's already low budget proposal, and it even includes a cap on defense discretionary spending, something the President's proposal does not do. Such caps would result in drastic cuts to many vital economic safety net programs and public protection agencies, negatively impacting the lives of millions of Americans. And while the two senators claim that the amendment will reduce the deficit, in reality, because discretionary spending is so little of the federal budget, the amendment's deficit-reducing effects will be minimal.

read in full

Pages

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