Monthly Archives: March 2012
- CHN: Attempt to Lower Tight Budget Caps Fails
The Budget Control Act of 2011 (PL 112-025) set 10-year budget caps for discretionary programs that will cut spending by nearly $1 trillion. An amendment by Senator Bob Corker (R-TN) to the transportation reauthorization bill (S. 1813) would have lowered the FY 2013 cap by $11 billion as a means of paying for transportation projects. Read More »
Posted in Budget and Appropriations, Health Comments Off - CHN: Federal Budget Next Steps: House Budget Resolution Expected This Week
Two questions emerged as disputes were reported last week among House Republicans over their budget resolution: (1) would differences over appropriations levels scuttle the budget? and (2) how much difference will it make anyway? Most budget-watchers believe the answer to the first question is “no” – House Budget Committee Chairman Paul Ryan (R-WI) is expected Read More »
Posted in Budget and Appropriations, Economy, Health, Medicaid, Medicare Comments Off - CHN: Proposals to Implement the “Buffett Rule” Surface in Congress
In both the State of the Union Address and the Fiscal Year 2013 Budget, President Obama called for implementation of the “Buffett Rule,” which would require very high income earners—people making $1 million a year or more—to pay at least 30 percent of their adjusted gross income in federal tax. This would ensure that millionaires Read More »
Posted in Tax Policy Comments Off - CHN: House Bill Gives President Line-Item Veto Authority
On February 8, the House passed the Expedited Legislative Line-Item Veto and Rescissions Act of 2011. The bill (H.R. 3521) gives the President the authority to propose eliminating spending he considers wasteful in appropriations bills sent to his desk for signing. Under this legislation, the President would have 10 days after signing an appropriations bill Read More »
Posted in Budget and Appropriations Comments Off
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