by Jane Richey | May 17, 2012 | Fiscal Responsibility
As President Barack Obama’s budget was poised to fail overwhelmingly in the Senate for the second year, the White House dismissed the vote entirely as a gimmick. Already, Obama’s $3.6 trillion tax and spending plan for fiscal year 2013 was defeated in the House by a...
by Jane Richey | Apr 20, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
The non-partisan Congressional Budget Office said Friday that President Obama’s 2013 budget will likely reduce growth in the long-term as larger deficits reduce capital available to businesses. After the next five years, CBO says the Obama proposals will likely reduce...
by Jane Richey | Mar 20, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
House Republicans will slash personal income taxes to a 25 percent top rate and a 10 percent lower rate as part of their fiscal 2013 budget proposal to be released Tuesday. The proposal would also lower the top corporate tax rate to 25 percent, and scrap the...
by Jane Richey | Mar 16, 2012 | Fiscal Responsibility
President Obama’s 2013 budget would add $3.5 trillion to annual deficits through 2022, according to a new estimate from the Congressional Budget Office (CBO). It also would raise the deficit next year by $365 billion, according to the nonpartisan office. The CBO...