Blog: The Fine Print / Revenue & Spending

Tax cut distribution

Aug 13, 2004 by Guest Blogger

The Congressional Budget Office released a new study today detailing the impact of recent tax cuts on various income levels. Bottom line - the very, very wealthy made out very, very well.

From the New York Times:

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Debt ceiling to be hit soon

Aug 4, 2004 by Guest Blogger

It looks like the debt ceiling will be hit soon - late september/early october unless congress and the president act to raise the ceiling.

It does sound like there are some accounting gimmicks that could be used to extend until mid november.

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JEC Press Release Misinterprets Evidence on Charitable Bequ

Jul 30, 2004 by Guest Blogger

OMB Watch - JEC Press Release Misinterprets Evidence on Charitable Bequests

WASHINGTON, D.C., July 29, 2004 - The majority leadership of the Joint Economic Committee, in a recent press release dated July 28, 2004, pointed to an increase in charitable bequest giving as evidence that changes to the estate tax law have not impacted giving.

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Debt Limit

Jul 28, 2004 by Guest Blogger

It looks like the statutory debt limit will be reached in October...

Latest News and Financial Information | Reuters.com

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Jobs and Tax Cuts

Jul 27, 2004 by Guest Blogger

Worth a read:

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CBO Report on The Estate Tax and Charitable Giving

Jul 21, 2004 by Guest Blogger

Additional evidence on the cahritable impact of the estate tax elimination...

The Estate Tax and Charitable Giving

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Charitable Giving Effects of an Estate Tax Repeal

Jul 19, 2004 by Guest Blogger

A new paper by the Congressional Budget Office estimates that charitable bequests will fall 22 percent as a result of an estate tax repeal.

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House preserves $100,000 per person in tax breaks for millio

Jun 25, 2004 by Guest Blogger

The House of Representatives has declined to limit the massive tax cuts on millionaires. The cuts for millionaires average $120,000 per person a defeated proposal would have cut that to $24,000.

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