Home news

Taxes

Browse Documents
by Date or Issue:
  • Government Must Refocus Its Safety Net to Those in Need
    Posted in Commentary on March 5, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Late last year, the Congressional Budget Office (CBO) released a study on changes in the distribution of household income in America from 1979 to 2007. This study offered fresh insight into an intensifying debate in Washington and across America over income inequality—what causes it, how do government policies affect it, and what should policymakers do about it? One underreported conclusion from the CBO study is that shifts in government transfer payments have contributed to increasing inequalit... Read more

  • Strengthening Health and Retirement Security: A Call To Action
    Posted in In Case You Missed It on February 28, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    The House Budget Committee held a hearing today on the critical need to save and strengthen Medicare and Social Security. In revealing testimony, Richard Foster, Chief Actuary of the Centers for Medicare and Medicaid Services, and Stephen Goss, Chief Actuary of the Social Security Administration, provided policymakers with a clear warning on the painful consequences of inaction. For Medicare, Foster warned of restricted access to critical care if the President’s health care law is implemented as... Read more

  • Analysis of the President’s Budget for FY2013
    Posted in HBC Publications on February 24, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    KEY POINTS The President’s budget spends too much – a net spending increase of $1.5 trillion above current projections. The President’s budget taxes too much – a net tax increase of $1.9 trillion above current projections. The President’s budget borrows too much: It adds over $11 trillion to the national debt. Instead of cutting the deficit in half as promised, it delivers a deficit of over $1 trillion, the fourth in a row during this administration. The President’s budget uses gimmicks to crea... Read more

  • Obama’s dereliction of duty
    Posted in Commentary on February 16, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    President Obama has delivered the last budget of his term. Three of the four, including this one, were submitted late, shattering the previous record for an administration. Each of the four proposed more than $1 trillion in higher taxes on hard-working families and businesses, along with trillions in new spending and borrowing instead of a real strategy for growth and jobs. And — most disappointing of all — none of the four offered a credible plan to lift the crushing burden of debt, thus commit... Read more

  • House Budget Committee Hearing: The President’s Fiscal Year 2013 Revenue and Economic Policy Proposals
    Posted in Speeches and Statements on February 16, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Welcome all, to this important hearing. I’d like to thank Secretary Geithner for joining us. This is your second hearing today and your fourth this week. We know that defending this budget is no easy task, so we appreciate your time. Mr. Secretary, it’s pretty well known that one of your favorite sayings is “plan beats no plan.” It’s a phrase you used often during the financial crisis to describe the need for policymakers to plan for every contingency in order to stay ahead of events. I remember... Read more

  • House Budget Committee Hearing on the President’s FY2013 Budget
    Posted in Speeches and Statements on February 15, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Welcome all, to this important hearing. I’d like to thank our witness today, Mr. Zients, for coming to us under difficult circumstances. With the departure of Mr. Lew from OMB just last month, we understand that you are testifying on short notice, and we recognize the difficulty of that. And unfortunately, your job is even more difficult than usual – you are in the position of having to defend a budget that essentially dodges the most difficult challenges our country faces. The New York Times ha... Read more

  • President's Budget Charts Path to Debt and Decline
    Posted in HBC Publications on February 13, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    The President has not merely ducked from our fiscal and economic challenges, but—with his fourth straight budget flop—he has advanced policies that dangerously accelerate the crisis before us. His gimmick-filled budget fails to reduce the fast-rising debt, permanently entrenches unsustainable levels of government spending, and erects new barriers to upward mobility. His plan stifles economic growth, threatens the health and retirement security of millions of Americans, and commits the next gener... Read more

  • Ryan: President’s Budget Ensures Debt Crisis and Decline
    Posted in Press Releases on February 13, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    WASHINGTON – Earlier today, President Obama introduced his Fiscal Year 2013 budget request, calling for record levels of spending increases, tax hikes, and debt. The President’s budget breaks his promise to cut the deficit in half by the end of his first term, and it breaks his obligation to all Americans to confront the nation’s spending-driven debt crisis. In response to the President’s failure of leadership, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement... Read more

  • Associated Press: Obama's budget: Government still getting bigger
    Posted in In Case You Missed It on February 13, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    By Andrew Taylor Associated Press Taking a pass on reining in government growth, President Obama unveiled a record $3.8 trillion election-year budget plan Monday, calling for stimulus-style spending on roads and schools and tax hikes on the wealthy to help pay the costs. The ideas landed with a thud on Capitol Hill. Though the Pentagon and a number of Cabinet agencies would get squeezed, Obama would leave the spiraling growth of health care programs for the elderly and the poor largely unchecked... Read more

  • Getting America out of deep debt
    Posted in Commentary on December 12, 2011 | Preview rr
    Tags: Taxes, Economy / Financial

    For three straight years, the U.S. government has run trillion-dollar deficits. In total, the nation has recently surpassed $15 trillion in debt — a number that continues to rise. For nearly 1,000 days, the Democrat-led Senate has refused to write a budget while Washington continues to careen from one budget crisis to another. This is a stark reality for a nation already facing tremendous economic challenges, and it is the strongest argument and impetus for the series of budget-process reforms r... Read more