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Budget Battles

Budget Battles : Opinion Brief
Congressional Budget Office Director Douglas Elmendorf testifies before the House Budget Committee on June 6: Unless a divided Congress acts, the U.S. economy will plunge off a fiscal cliff in 2013.

Should the U.S. economy jump off the fiscal cliff?

A raft of automatic tax hikes and spending cuts could push the economy into a recession — but the painful package would also help us get our debt under control

 
Budget Battles : Opinion Brief
Sen. Orrin Hatch (Utah) devised the GOP's inevitably controversial (and, most say, doomed) new tax proposal.

Are Senate Republicans trying to increase taxes on the middle class?

A GOP plan would extend Bush-era tax cuts for all, including the rich, while ending some temporary breaks for lower-income families

 
Budget Battles : Opinion Brief
"If Republicans won't work with us on a balanced approach, we are not going to get a deal," said Sen. Patty Murray (D-Wash.) Monday regarding the Bush-tax standoff.

Would Democrats regret walking off the fiscal cliff?

Senate Democrats say they'll let devastating tax hikes and spending cuts hit at year's end if Republicans hold out against raising taxes on the rich

 
Budget Battles : The Bullpen
Edward Morrissey

Edward Morrissey: Obama's plan isn't a tax cut at all

The president merely proposes extending the status quo for some Americans — and only for 12 months, at that

 
Budget Battles : In-depth briefing
If lawmakers don't act by Jan. 1, 2013, four out of five U.S. households will reportedly have to pay an average of $3,701 more in taxes next year.  

Countdown to Taxmageddon

The U.S. could plunge off a "fiscal cliff" on Jan. 1, 2013 — unless a deadlocked Congress acts. Can lawmakers avert the coming crisis?

 
Budget Battles : The Bullpen
Dana Liebelson

Dana Liebelson: Washington's Daft Punk justification for wasteful military spending

Republicans and Democrats alike seem blinded by the desire for a "harder, better, faster, stronger" America — so much so that they support useless defense projects

 
Budget Battles : Analysis
Senate Minority Leader Mitch McConnell (R-Ky.) and other Republican senators sharply criticized President Obama's fiscal 2013 federal budget plan when it was released in February because it contained a number of tax-break repeals.

Will 'Taxmageddon' trigger a new recession?

A new report warns that if Congress doesn't prevent automatic tax hikes and spending cuts from hitting simultaneously in 2013, the economy will go off a cliff

 
Budget Battles : The Bullpen
Paul Brandus

Paul Brandus: The messy tax fight that will ruin Christmas

Obama wants tax rates and the debt ceiling to go up. Republicans want spending levels to go down. Get ready for gridlock

 
Budget Battles : The List
House Speaker John Boehner in August 2011 after Congress reached a bipartisan deal on the debt-limit: Boehner seems to want to rehash that ordeal come December to satisfy his Tea Party constituents.

Why John Boehner wants another debt ceiling showdown: 5 theories

The House Speaker seems to be relishing the possibility of reliving the awful debt-ceiling drama of 2011 come December

 
Budget Battles : The Bullpen
Bill Frist

Bill Frist: 5 reasons deficit hawks should lay off global health initiatives

America's national debt is ballooning at a worryingly rapid pace. But some programs ought to be spared the chopping block

 
Budget Battles : Burning Question
Stewart Kern waits to apply for food stamps in Fort Lauderdale, Fla., in February 2011. Recent statistics show that 1 in 7 Americans receives benefits through the federal program.

Is it immoral for Congress to cut food stamps?

Religious leaders are taking Republicans to task for a House budget that would slash benefits to the poor

 
Budget Battles : Fact Sheet
Rep. Paul Ryan's (R-Wis.) budget would reduce the top individual and corporate tax rates to 25 percent.

8 reasons to love — or hate — Paul Ryan's budget

The GOP budget guru unveils the fiscal document Republicans will carry into this year's election. A look at the good, the bad, and the partisan

 
Budget Battles : Analysis
Rep. Paul Ryan (R-Wis.) unveiled a budget Tuesday that calls for repealing President Obama's health-care reforms, slashing Medicare, and overhauling the tax code.

Paul Ryan's new 'Medicare-killing' budget: Will it help the GOP?

Just as he did last year, the Wisconsin Republican again ignites a feud with a spending plan that calls for overhauling a popular, decades-old entitlement program

 
Budget Battles : Opinion Brief
President Obama shakes hands with Americans who benefit from the payroll tax holiday that congressional leaders have agreed to extend through 2012.

Did the GOP really cave on Obama's payroll tax holiday?

Republicans puzzle much of D.C. by suddenly backing off a demand to slash spending in exchange for extending a tax holiday. Is there more here than meets the eye?

 
Budget Battles : The List
In Virginia on Monday, President Obama speaks about his 2013 budget, which proposes tax hikes on the rich and increased spending on infrastructure projects.

Obama's 'nervous breakdown' budget: 5 talking points

The president's polarizing spending plan is dead on arrival in Congress, critics say. But it's still triggering plenty of debate

 
Budget Battles : The Bullpen
Paul Brandus

Paul Brandus: Obama's cynical, unpassable budget

The president knows the tax hikes in his spending plan have no chance of passing the GOP House. But that could still give him a great campaign argument

 
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