by Jane Richey | Feb 15, 2013 | Fiscal Responsibility, Politics
Senate Majority Leader Harry Reid of Nevada laid out a $110 billion plan on Thursday to replace the sequester with higher taxes on the wealthy, tax revenue from oil derived from tar sands and spending reductions in agriculture subsidies and defense. Half the...
by Jane Richey | Feb 8, 2013 | Fiscal Responsibility
In a move intended to intensify pressure on Congress to prevent looming spending cuts set for March 1, White House officials told reporters the cuts would hamper law enforcement, hurt federal education programs, withhold mental health services and furlough thousands...
by Jane Richey | Jan 7, 2013 | Fiscal Responsibility, Politics
Senate Minority Leader Mitch McConnell (R-Ky.) on Sunday said Republicans will demand steep spending cuts during the next round of budget negotiations. McConnell, in an interview with ABC’s “This Week,” said President Obama had won all he’s going to get on taxes in...
by Jane Richey | Jan 2, 2013 | Fiscal Responsibility, Politics
The president, the House speaker, the Senate majority and minority leaders and, for that matter, Mitt Romney all have done the nation a major disservice by focusing almost exclusively on taxes for the top 1 percent or 2 percent of income earners for the past six...
by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
The Senate early on New Year’s Day voted overwhelmingly in favor of a fiscal cliff deal that would extend tax rates on annual household income under $450,000 and postpones automatic spending cuts for two months. The bill was approved in an 89-8 vote that came...