House Passes Budget, Slips in Increase to Debt Ceiling

In the very wee hours of May 18, the House finally succeeded in passing its version of the 2007 budget resolution, more than a month too late. Majority Leader John Boehner (R-IA) had repeatedly postponed the vote, because he lacked enough support to pass the bill. The passage of the resolution carries little practical purpose, because the House and Senate are unlikely to have the time or inclination to reconcile the very different versions of the bill, and the House has already moved forward quickly with appropriations.

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Who Wins With The Tax Bill? Bush Raises Taxes On Students, Expatriates

President Bush marked the culmination of a more than 15-month effort to enact new tax cuts for the wealthiest Americans last week when he signed the $70 billion 2005 tax reconciliation bill into law. In order to keep the bill within cost limits despite the give-away to the affluent, the president and Congress enacted tax increases on students saving for college and Americans working abroad.

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House Speeds Through the First of its Spending Bills

Immediately following the passage of a House budget resolution last week, the Appropriations Committee (and its relevant subcommittees) got down to business and passed its first four appropriations bills. Although the House is once again off to a blistering pace, the lack of a final budget resolution a jam-packed Senate calendar and a short legislative session, will almost definitely delay appropriations beyond the start of the fiscal year. This situation will surely necessitate continuing resolutions and a lame-duck session after the November elections.

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Immigration Plan Complicates Supplemental Spending Bill

When President Bush recently announced in his address to the nation his immediate plans for immigration reform, he didn't mention how the proposals would be paid for. A few days later, on May 18, he officially requested $1.9 billion from Congress to spend on his border security initiative. Congress will likely approve the president's request as part of the delayed Fiscal year 2006 Supplemental Appropriations bill currently in conference between the House and Senate.

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House Fails to Pass Budget Again--Approps Move Forward Just the Same

House Majority Leader John Boehner (R-OH) once again failed to bring the budget resolution to the floor last week despite rumors and rumblings from the GOP leadership that passage of the bill was imminent. Having reached a compromise with Appropriations Committee Chairman Jerry Lewis (R-CA), Boehner was still unable to garner enough support from within the Republican caucus to hold a vote. Considering the difficulty of finding agreement in conference with the Senate at this late date, passing the resolution is now bordering on pointless anyway.

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Dishonest Budget Gimmick Enables Passage of Irresponsible Tax Cuts

One day after the House passed the $70 billion tax reconciliation measure, the Senate passed it as well, sending the bill to President Bush for his signature. With these tax cuts, this Congress has once again proven itself to be a body determined to shirk fiscal responsibility and kowtow to the regressive, revenue-draining tax policies of this administration. And it was all made possible by a dishonest budget gimmick.

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Fed. Board Report Underscores Estate Tax's Importance

Congressional Republicans are preparing to add to the federal debt by pushing through more tax cuts for the super-rich after just pushing through a $70 billion tax cut that mostly benefits the wealthy. When the Senate resumes work after Memorial Day, Senate Republicans will once again take up their assault on the estate tax, a tax levied solely on the wealthiest Americans.

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