February 3, 2006
- CHN: House Cuts $38.8 Billion from Budget; Slashes Health Care, Student Loans, Child Support and Help for People with Disabilities
Slashes Health Care, Student Loans, Child Support and Help for People with Disabilities; Reauthorizes TANF By a vote of 216 to 214, the House of Representatives passed a bill that cut $38.8 billion from the federal budget on Wednesday, February 1. The pain of the cuts will be overwhelmingly borne by moderate- and low-income students, Read More »
Posted in Budget and Appropriations, Disabilities, Education and Youth Policy, Health, Income Support, Medicaid, SNAP, Social Services, Temporary Assistance for Needy Families Comments Off - CHN: Senate Passes More Tax Breaks for Wealthy
Budget Cuts Bill to Offset Part of Tax Breaks An additional $70 billion in tax breaks were approved by the Senate by a margin of 66 to 31 on Thursday, February 2. The $70 billion in tax breaks are not paid for, deepen the deficit and mostly benefit higher income households. The tax cut bill Read More »
Posted in Tax Policy Comments Off - CHN: State of Union Address Foreshadows Fiscal 2007 Budget
President Bush’s annual State of the Union address on January 31 foreshadowed his plans for the Fiscal 2007 budget, which will be released February 6. Most significantly, the President proposed expanding Health Savings Accounts (HSAs), tax-free savings accounts created in the 2003 Medicare law that can be used to pay deductibles and out-of-pocket costs of Read More »
Posted in Budget and Appropriations, Health Care Reform Comments Off
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