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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Proposed Budget Process Changes Are Too Risky

With the budget resolution appearing to be stalled in the Congress, attention may soon turn to changing the overall budget process.

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A Tax Cut a Week in the House

In spite of the "PayGo" logjam over whether or not tax cuts ought to be offset, which continues to prevent passage of a budget resolution, the House persists with its "a tax cut a week" schedule.

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Bush Tax Shifts

Two recent analyses show that the so-called "Bush tax cuts" are as much about shifting the burden away from wealthy Americans as they are about lower taxes for all.

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Tax Returns - Bush Policy Review

The Center on Budget and Pollicy Priorities has just released a comprehensive review of Bush's tax policy.

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No Budget Resolution

Whether or not tax cuts must be offset - that is the question.

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Comparison of House and Senate Budget Plans

The budget resolution plan passed by the House Budget Committee is far worse than the Senate plan. Nevertheless, the "fiscal discipline" of both plans is based on huge cuts in domestic spending for programs and services that most Americans value in order to extend tax cuts to wealthier Americans.

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Bad Budget Rule Changes Could Still be Proposed

The Senate budget being debated this week includes only a two-year cap on appropriations, and continues Senate pay-go rules that apply to both entitlement increases and tax cuts. However, concern over other changes in budget rules remains.

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