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  • The House Democratic Budget: Real Tax Hikes, Real People
    March 12, 2008 - The Democratic budget for fiscal year 2009 will impose the largest tax increase in American history – roughly $683 billion over 5 years – mainly to finance the Majority’s hundreds of billions in new spending. Here are some examples of how the Democrats’ tax hikes would affect workers, families, and ... More
  • The House Democratic Budget: Spend Now, Spend Later
    March 12, 2008 - The Democratic budget is full of spending increases, and ideas for spending even more. Here are some facts: Proposes a Record-Setting 1-Year Appropriations Increase. The budget promotes an astonishing 8.8-percent ($82 billion) year-to-year increase in total nonemergency discretionary spending. This ... More
  • Republican Substitute: The Budget Resolution for Fiscal Year 2009
    March 11, 2008 - The Republican budget achieves balance by 2012 without raising taxes, and achieves repeal of the alternative minimum tax [AMT] by 2013. It supports the President’s request for national defense, boosts homeland security and veterans’ funding, and takes steps toward rescuing the Federal Government’s m... More
  • Budget Demorats Choose Pork Over Paychecks
    March 6, 2008 - House Budget Committee Democrats yesterday rejected numerous attempts by Republicans to reduce wasteful spending and strike tax hikes from their reckless $3.1-trillion budget. Here is a sampling of the Democrats’ party-line votes for reckless spending and tax hikes, and against common-sense budget p... More
  • The House Democratic Budget: The Status Quo - and Then Some
    March 6, 2008 - The Democratic budget introduced yesterday contains the usual mix of higher taxes and higher spending – only more so. The Majority’s “new” fiscal blueprint, as reported by the Budget Committee, calls for an even larger tax increase than last year, totaling $683 billion over 5 years. But the budget s... More
  • Fiscal Overview of the President's Budget
    February 4, 2008 - Although the administration projects an increase in this year’s deficit due to the slowing economy, the President’s 2009 budget submission still balances the budget by 2012 – as it did last year – through a near freeze on non-Defense and non-Homeland Security discretionary spending and reforms to en... More
  • The Presidents FY09 Budget
    February 4, 2008 - While the President’s fiscal year 2009 budget proposal projects an increase in this year’s deficit due to the slowing economy, it achieves balance by 2012 – without raising taxes – by maintaining pro-growth policies, holding non-security discretionary spending to a near freeze, and reforming some of... More
  • Hearing: The Congressional Budget Office's Budget and Economic Outlook
    January 23, 2008 - Thank Chairman Spratt, welcome back Director Orszag. Short-Term Forecast Over the past few years, I think we’ve almost come to expect good news when it comes to our near-term deficit projections. We’ve seen dramatic declines in the federal deficit – well below projections – for each of the past thre... More
  • Hearing:The Near-Term Outlook for the U.S. Economy
    January 17, 2008 - Thank you Chairman Spratt for organizing this hearing - it is well timed, and I can’t think of a more authoritative witness to discuss the state of the economy than Chairman Bernanke. Clearly, the Fed faces a particularly challenging environment right now. Americans have genuine, and legitimate, con... More