Simpson-Bowles 2.0

The leaders of a bipartisan panel that unsuccessfully pushed forward a deficit reduction plan last year are quietly meeting behind the scenes to lay the ground work for another push after the November elections, according to an August 17 report in the National Journal.

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Possible 2013 Budget Cuts to Be Specified Within a Month

The outlines of a broad set of possible cuts in federal domestic and defense-related programs in early 2013 should become more clear within the next month.  Under new legislation signed into law on Aug. 7, called the Sequestration Transparency Act, the Obama administration must lay out how an expected $109 billion in cuts will be implemented in 2013 unless Congress takes action to delay or stop them.

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The Disconnect Between American Voters and Members of Congress

This afternoon, the Senate voted 51-48 to restore reasonable tax rates on the top two percent of Americans. Ending the Bush tax cuts for households making more than $250,000 would generate almost a trillion dollars in revenue over the next ten years. This revenue could be used to pay down the deficit and build a platform for future growth by investing in education, infrastructure, research, clean energy, and more. With this vote, a majority of senators acknowledged the need for more revenue and for a fairer tax system.

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Treasury Department: We’re Going to Show You the Money

 Testifying before a Senate hearing on federal spending transparency, Richard L. Gregg, the Treasury Department's Fiscal Assistant Secretary, announced a major advancement in federal spending transparency: starting in 2013, the public will be able to see Treasury data on agency expenses and payments to recipients of federal contracts, grants, and loans.

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America Would Know Less Under House Census Policy

Since 1790, Americans have used the Census as a tool to understand who we are and where we stand as a nation. However, our ability to gather this crucial data would be crippled under a bill recently passed by the House.

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DATA Act Passes House, Moves on to Senate

Today, the House passed the Digital Accountability and Transparency Act, or DATA Act (H.R. 2146), by a voice vote with strong bipartisan support. The bill to strengthen the transparency of federal government spending was sponsored by Oversight and Government Reform committee chairman Darrell Issa (R-CA) and ranking member Elijah Cummings (D-MD) and 13 other representatives.

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DATA Act Comes to House Floor

During this period of political gridlock, it's rare to find a bipartisan legislative initiative that we can enthusiastically support. But tomorrow, the House of Representatives will vote on just such a bill, the Digital Accountability and Transparency Act (DATA Act). The DATA Act would greatly enhance federal spending transparency, bringing new datasets online and helping standardize reporting across the government.

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New CAP Papers Offer Contracting Reform Recommendations

The Center for American Progress (CAP) has released a series of three new papers on how the federal government can improve contracting through selective insourcing, better auditing, and increased transparency. Each paper contains specific recommendations that would help improve how Uncle Sam doles out contracting dollars and the return Americans could see on that spending.

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Paul Ryan's Revenue Reforms Slash Taxes on the Rich

Yesterday, Rep. Paul Ryan (R-WI) released his latest budget proposal, called "The Path to Prosperity," which serves as an update to his plan from last year. The proposal, which is the draft of the fiscal year (FY) 2013 House budget resolution, is supposed to be a fiscal framework for the House for the coming year. However, the congressman's tax plan is not a serious proposal for change.

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Small Biz Owners: Big Businesses, Millionaires Not Paying Fair Share

The American Sustainable Business Council, Main Street Alliance, and Small Business Majority released a new poll yesterday gauging small business owners’ opinions on taxes. On everything from the tax rates of the wealthy to corporations' exploitation of loopholes in the tax code, small business owners from across the nation say big businesses and millionaires aren’t paying their fair share.

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