Emanuel Proposes Defunding Part of the OVP

Rep. Rahm Emanuel (D-IL) is leading a charge to cut funding for the Office of Vice President, in response to arguments the OVP has made that it isn't subject to disclosure requirements that apply to the executive branch. Emmanuel's amendment is such that unless the OVP complies with the requirements, it will lose the funding it gets in the appropriations bill that funds the President's administration, and will only get funding through the appropriations bill that funds legislative branch activities. See here and here for more- Emmanuel's amendment, which he said would be voted on this Wednesday or Thurday, has stirred up parts of the blogosphere. And for more, see the third part of the Washington Post's series on Vice President Dick Cheney, where his influence on tax and budget issues is detailed. Cheney is reported to be a believer in the dynamic affect of tax cuts- that tax cuts actually don't lead to decreases in revenue, because they boost the economy so much that the tax base increases dramatically. But a 2006 study by the Treasury Department- which was probably requested by Cheney- shows that the "dynamic" affect of the 2001 and 2003 tax cuts is marginal.
back to Blog