by Jane Richey | Oct 22, 2013 | Fiscal Responsibility, Politics
Congressional Democrats want Republicans to sign off on $50 billion worth of tax increases to eliminate the sequester’s automatic spending cuts. The next phase of these cuts will take effect Jan. 15, when government funding will drop from $986 billion to $967 billion....
by Jane Richey | Sep 16, 2013 | Fiscal Responsibility, Politics
The federal government raked in a record of approximately $2,472,542,000,000 in tax revenues through the first eleven months of fiscal 2013, which ran from Oct. 1, 2012 through the end of August, according to the Monthly Treasury Statement for August. That is up about...
by Jane Richey | Mar 13, 2013 | Fiscal Responsibility, Politics
And Speaker John A. Boehner of Ohio said he’s heard the president before but that it was good for his members to hear it. “Republicans want to balance the budget, the president doesn’t. Republicans want to solve our long-term debt problem. The president doesn’t. We...
by Jane Richey | Jan 7, 2013 | Fiscal Responsibility, Politics
Pushing back against the Republicans’ deficit-reduction strategy, House Minority Leader Nancy Pelosi (D-Calif.) said this weekend that more tax revenues – not just spending cuts – must be a part of Congress’s effort to rein in deficits. Pelosi said the tax...
by Jane Richey | Dec 5, 2012 | Fiscal Responsibility, Politics
If Congress allows current laws signed by President Barack Obama to stand and follows the fiscal path they have set for the next decade, federal tax revenues will rise to a record level as a percentage GDP, according to the Congressional Budget Office, but annual...