Estate Tax Update

The status of the estate tax repeal has not changed, but action is likely before this congressional session ends.

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Good Riddance to Bad Policy: Budget Enforcement Bill Dies

A conservative effort to severely limit domestic programs was soundly defeated in the House last week. The so-called "Spending Control Act of 2004" failed by a vote of 146-268.

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Economy and Jobs Watch: Mid-year Update

Halfway through 2004 seems a good time to review where the United States is on the economy and jobs situation.

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Appropriations Still Unknown

The appropriations process for FY 2005 doesn't lend itself well to periodic updates on which bills have been passed and who the winners and losers are. No one is even pretending that the House and Senate will debate and pass any of the 13 separate appropriations bills, or reconcile the two versions in conference -- the normal budget process. Rather, it has been clear from the start that an impossibly tight budget in an election year will dictate the process.

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Education in the U.S. Leaves Many Children Behind

A number of reports have been issued recently revealing cuts for next year in federal spending for education, including Pell Grants for college students, adult and vocational education, and Head Start, and ongoing inadequate funding for the Bush "No Child Left Behind" Act and special education.

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Tax and Spend?

In an effort to restore spending in ten critical areas and lower the deficit, Rep. David Obey (D-WI) offered a resolution (H. Res. 685) on Thursday, June 24, to invest $14.2 billion in key domestic priorities and $4.7 billion towards reducing the deficit. The total $18.9 billion would be fully offset by limiting tax breaks to those making over $1 million a year.

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No Budget - But Appropriations Are Moving Forward

In spite of the lack of a budget resolution, Congress is moving forward with the appropriations process.

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