House Budget Committee "Balanced" Budget Resolution for FY 2003

The budget resolution that the House Budget Committee marked up and passed by a party line vote (23-18) on March 13, is expected to head to the Floor for debate this week. The budget resolution is not a law, but is a broad outline for spending and tax cuts for FY 2003, which begins on October 1, 2002 and runs through September 31, 2003.

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President Issues Welfare Reauthorization Proposal

The President released his Welfare Reform Agenda last week and with it came much concern from those who are currently working to ensure that changes are made to the 1996 welfare reform law to address the needs of those who are working (currently defined as a success under the 1996 welfare reform law measurement) but are still unable to provide for the basic needs of their families.

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Homeland Security vs. HHS is No Choice At All

Just as investments in the nation’s public health and emergency medical systems, in the name of homeland security, are good for the country, so, too are investments in non-emergency, non-defense programs that help to meet the needs of the country’s struggling communities. Tax cuts should not prevent us from addressing both.

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Tax Cuts vs. Everything Else

We can either choose to pay now, or we will have to pay later -- preventing social ills is much cheaper in the long run. From a purely economic standpoint, many economists agree that a return to deficits is not a problem -- running a surplus would actually be more of problem -- and that this economic climate prescribes more government spending, not less.

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The Game of Ping-Pong, or "The Economic Stimulus Package Debate"

Less than two weeks ago, many observers -- including OMB Watch -- were predicting that an end, at least for the foreseeable future, had come for the debate on an economic stimulus package.

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Estate Tax Repeal Sense of Senate Amendment Tacked onto Farm Bill

Estate Tax Repeal's Impact on States

A recent report from the New Jersey Policy Perspective (NJPP) illustrates the havoc the 2001 tax cut's repeal of the estate tax is wreaking on the already strained New Jersey budget. The report offers a state-level solution to the problem created by the federal estate tax repeal process, which actually ends the states' ability to "pickup" a portion of the federal tax for themselves earlier than the federal government's estate tax ends. The NJPP website also provides links to the 3 newspapers that have thus far endorsed its proposal, as well as an op-ed piece that ran in the New York Times New Jersey edition.

An update on the efforts of Sen. Jon Kyl (R-AZ) to repeal the estate tax.

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The Bush Budget and Budget Process

President Bush's budget proposes a number of budget process changes that he believes will allow budgeting to be accomplished in a more fiscally responsible manner.

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