Tax Cuts for the Rich will Make Rich People Richer

Letting the '01-'03 tax cuts for upper-income households expire may or may not adversely affect job creation*, but at the end of the day, it's important to keep in mind that these tax cuts for the rich are just another means to transfer large piles of cash to people who already make boatloads of it.

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Standard Coding Next Big Step in Contracting Oversight

A Scanner Darkly

Testifying before a Senate subcommittee last week about efforts to deploy a sophisticated fraud-prevention tool developed through the Recovery Act across all federal agencies, a government official told senators that the "biggest impediment" to successful utilization of the technology is "the lack of a...governmentwide award number system." Adoption of such a system, which would provide a universal code to government contract awards, could transform federal contracting oversight.

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CBO Monthly Budget Review, July 2010

We don't have two nickels...

On Friday, the Congressional Budget Office (CBO) released its Monthly Budget Review (MBR) for July. The review provides an assessment of the federal budget through the first ten months of fiscal year 2010. According to the CBO, we have racked up a roughly $1.2 trillion deficit so far, which is about $90 billion less than the deficit last year at this time.

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Expiration of High-Income Tax Cuts Probably OK for the Economy

As the months slide by and the sun begins to set on the Bush Tax Cuts, a feisty debate in Congress is ensuing on which tax cuts should be kept and which should be left to expire. Although there seems to be universal support for maintaining the middle class tax cuts, there are proponents of retaining the tax cuts for those earning more than $250,000 (i.e. the 33% and 35% brackets). They allege that letting these cuts expire would stifle job creation.

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Is Ben Nelson this Confused on Other Policy Issues?

'Can you tell me where I'm going?'

Connor Kenny, an editor at OpenCongress, put a great piece up on the Huffington Post yesterday. It was an analysis of the nonprofit's recent scorecard on how each senator has voted on extending unemployment benefits over the past two years. Along with discovering "a few head scratchers," the report finds "at least one irrefutable truth": "[Sen.] Ben Nelson [D-NE] has a whacked-out definition of 'fiscal responsibility.'"

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FAPIIS Coming Soon to a Computer near You

Old Computer

When President Obama signed this year's supplemental appropriations bill, he delivered a big win for the good government community, as a little known transparency amendment attached to the bill became law. The amendment, introduced by Sen. Bernie Sanders (I-VT), will require the General Services Administration (GSA) to make most of the Federal Awardee Performance and Integrity Information System (FAPIIS) publically available.

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The '01 - '03 Tax Cuts Are Expensive


(click to enlarge)

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'Independent' Defense Review Panel Suggests Congress Shower the Industry with Money

Greed

Last week, the Quadrennial Defense Review (QDR) Independent Panel, a four-year old body created by Congress to provide an "alternate view" of the Pentagon's periodic internal assessment, released its report on the 2010 QDR. Simply put, the panel, whose membership includes a majority of individuals in the defense contracting industry, said, "Yes, please" in response to the government's question about how to allocate its limited resources.

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Friday Appropriations Update

As noted in a Watcher article earlier this week, with Congress' August recess around the corner, the appropriations process is picking up steam. Or, should I say, it should be picking up steam.  I'll let our patented AppropriationsWatch™ do the talking.

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SIGIR: Pentagon Flushed Iraqi Funds down Toilet with Alarming Efficiency

Will this make the Iraqi people like us more or less?

On Tuesday, the Office of the Special Inspector General for Iraq Reconstruction (SIGIR) released a devastating report on the Department of Defense's (DOD) control of Iraqi reconstruction funds. SIGIR reviewed the Pentagon's control of the funds from 2004 to 2007 and found that DOD could not account for 96 percent of the $9.1 billion it received during that time.

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