We Must Stop Showering the Military With Money

America faces lots of challenges. A blank check for the Pentagon doesn’t help solve them.

#afghanistan-war-2001, #congressional-budget-office, #federal-budget-us, #law-and-legislation, #project-on-government-oversight, #united-states-defense-and-military-forces, #united-states-politics-and-government

How Much Should You Fret About Rising Federal Debt?

The federal government is borrowing cheaply, but its debt could reach a tipping point.

#credit-and-debt, #federal-budget-us, #government-bonds, #interest-rates, #internal-sub-only-nl, #national-debt-us

Why Biden’s Expanded Child Tax Credit Isn’t More Popular

The expansion has expired, and a bill to renew it has stalled. Public opinion is favorable but not overwhelmingly so, for several reasons.

#biden-joseph-r-jr, #child-tax-credits-and-stipends, #families-and-family-life, #federal-budget-us, #law-and-legislation, #manchin-joe-iii, #polls-and-public-opinion, #united-states-politics-and-government

Manchin in the Middle: Is He a ‘No,’ or a ‘Not Yet’?

Democrats have been left hoping that the West Virginian, who fashions himself as an old-school centrist dealmaker, will eventually budge on President Biden’s agenda.

#american-families-plan-2021, #biden-joseph-r-jr, #democratic-party, #federal-budget-us, #law-and-legislation, #manchin-joe-iii, #senate, #united-states-politics-and-government, #west-virginia

What We Lose if We Don’t Build Back Better

Manchin’s justifications for his betrayal won’t wash.

#american-families-plan-2021, #congressional-budget-office, #federal-budget-us, #inflation-economics, #manchin-joe-iii, #national-debt-us

Biden Agenda Sinks Under its Own Ambitions

A key Democrat’s decision to pull support from the president’s sprawling climate and social agenda is rooted in the scope of the bill.

#coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #infrastructure-investment-and-jobs-act-2021, #law-and-legislation, #united-states-politics-and-government, #us-dollar-currency

Joe Manchin Says He Can’t Support Build Back Better Act

“I cannot vote to continue with this piece of legislation,” Mr. Manchin said on ‘Fox News Sunday,’ citing concerns about adding to the national debt.

#american-families-plan-2021, #democratic-party, #federal-budget-us, #law-and-legislation, #manchin-joe-iii, #senate, #united-states-politics-and-government

Senate Passes $768 Billion Defense Bill, Sending It to Biden

Lawmakers in both parties linked arms in an overwhelming vote authorizing an increase in the Pentagon’s budget of roughly $24 billion more than President Biden requested.

#austin-lloyd-j-iii, #biden-joseph-r-jr, #defense-department, #federal-budget-us, #senate, #united-states-defense-and-military-forces, #united-states-politics-and-government

Republicans Who Assailed Biden’s Stimulus Bill Are Embracing the Money

Republican governors who criticized the $1.9 trillion Covid relief bill as wasteful are championing state projects funded by the money.

#american-rescue-plan-2021, #biden-joseph-r-jr, #budgets-and-budgeting, #coronavirus-2019-ncov, #democratic-party, #desantis-ron, #dewine-mike, #ducey-doug-1964, #federal-aid-us, #federal-budget-us, #gianforte-greg-1961, #noem-kristi, #republican-party, #stimulus-economic, #united-states-politics-and-government

The Bogus Bashing of Build Back Better

Beware of bad faith, bad logic and bad arithmetic.

#american-families-plan-2021, #build-back-better-act, #children-and-childhood, #federal-budget-us, #united-states-economy, #united-states-politics-and-government

House Prepares to Pass $768 Billion Defense Policy Bill

Lawmakers tossed out some bipartisan provisions as they rushed to advance the bill, which would increase the Pentagon’s budget by more than what President Biden had requested.

#biden-joseph-r-jr, #defense-department, #democratic-party, #draft-and-recruitment-military, #federal-budget-us, #house-of-representatives, #law-and-legislation, #republican-party, #senate, #united-states-defense-and-military-forces, #united-states-politics-and-government

Republicans Threaten Government Shutdown Over Vaccine Mandates

With federal funding set to lapse on Friday, President Biden’s mandate for large employers has emerged as a sticking point over a stopgap spending bill.

#coronavirus-2019-ncov, #federal-budget-us, #house-of-representatives, #law-and-legislation, #marshall-roger-w-1960, #mcconnell-mitch, #republican-party, #schumer-charles-e, #senate, #shutdowns-institutional, #united-states-politics-and-government, #vaccination-and-immunization

Biden to Nominate Shalanda Young as Budget Director

Ms. Young, the acting head of the Office of Management and Budget, would be the first Black woman to hold the post on a permanent basis.

#appointments-and-executive-changes, #biden-joseph-r-jr, #federal-budget-us, #office-of-management-and-budget-us, #tanden-neera, #united-states-politics-and-government, #young-shalanda

One Historic Black Neighborhood’s Stake in the Infrastructure Bill

Generations of New Orleans residents have dreamed of the day when the Claiborne Expressway might be removed. President Biden’s $1.2 trillion infrastructure package could eventually make that possible.

#biden-joseph-r-jr, #black-people, #federal-budget-us, #infrastructure-public-works, #infrastructure-investment-and-jobs-act-2021, #new-orleans-la, #roads-and-traffic

How Much Does Biden’s Spending Bill Actually Cost?

The climate change and social policy measure that the House just passed includes about $2.2 trillion worth of spending programs and tax cuts. But there are many ways to tally its price tag.

#biden-joseph-r-jr, #federal-budget-us, #law-and-legislation, #tax-credits-deductions-and-exemptions

C.B.O. Finds Biden’s Spending Bill Not Fully Paid For

The White House and Congressional Budget Office are at odds over how much revenue the Internal Revenue Service could recoup from tax cheats.

#american-families-plan-2021, #american-jobs-plan-2021, #congressional-budget-office, #democratic-party, #federal-budget-us, #federal-taxes-us, #house-of-representatives, #internal-revenue-service, #tax-evasion, #united-states-politics-and-government

SALT Deduction That Benefits the Rich Divides Democrats

House Democrats are poised to lift a cap on the state and local tax deduction, a gift to wealthy homeowners in some blue states.

#california, #democratic-party, #elections-house-of-representatives, #federal-budget-us, #high-net-worth-individuals, #house-of-representatives, #new-jersey, #new-york-state, #republican-party, #senate, #states-us, #tax-credits-deductions-and-exemptions, #taxation, #united-states-politics-and-government

How Revenue for Biden’s Social Policy Bill Depends on the I.R.S.

The head of the Congressional Budget Office said on Monday that beefed-up tax enforcement would raise far less money than the White House projected.

#biden-joseph-r-jr, #congressional-budget-office, #debt-collection, #federal-budget-us, #federal-taxes-us, #internal-revenue-service, #rettig-charles-p, #tax-evasion, #taxation, #treasury-department, #united-states-politics-and-government

2,000 Pages and Pronto! Budget Scorekeepers Are Under Pressure

Lawmakers want detailed estimates on the effects of the big Democratic bill, but that can take longer than they think, slowing the process.

#congressional-budget-office, #federal-budget-us, #holtz-eakin-douglas, #law-and-legislation, #united-states-economy, #united-states-politics-and-government

House Democrats Hunt for Votes to Pass Biden’s Domestic Agenda

Speaker Nancy Pelosi wants a vote as soon as Thursday night on a $1.85 trillion social policy and climate bill, but moderates are pushing back.

#american-families-plan-2021, #american-jobs-plan-2021, #democratic-party, #federal-budget-us, #house-of-representatives, #infrastructure-public-works, #law-and-legislation, #manchin-joe-iii, #pelosi-nancy, #senate, #taxation, #united-states-politics-and-government

Democrats Employ Budget Gimmicks They Once Derided

Budget experts say true cost of legislation could be $4 trillion as lawmakers rely on sleights of hand to bring down the price tag.

#american-rescue-plan-2021, #corporate-taxes, #federal-budget-us, #federal-taxes-us, #income-tax, #law-and-legislation, #tax-cuts-and-jobs-act-2017, #taxation, #united-states-economy, #united-states-politics-and-government

Democrats Push for Agreement on Tax Deduction That Benefits the Rich

Lawmakers are coalescing around a deal to suspend a $10,000 cap on state and local tax deductions that was imposed during the Trump administration.

#american-families-plan-2021, #biden-joseph-r-jr, #democratic-party, #federal-budget-us, #high-net-worth-individuals, #income-tax, #law-and-legislation, #new-jersey, #new-york-state, #property-taxes, #tax-credits-deductions-and-exemptions, #taxation, #united-states-politics-and-government

Democrats Reach Deal to Control Drug Prices in Bill

The provision would, for the first time, allow the government to negotiate prices for some medicines covered by Medicare.

#biden-joseph-r-jr, #democratic-party, #drugs-pharmaceuticals, #elderly, #federal-budget-us, #health-insurance-and-managed-care, #house-of-representatives, #inventions-and-patents, #medicare, #pelosi-nancy, #prices-fares-fees-and-rates, #schumer-charles-e, #senate, #sinema-kyrsten, #united-states-politics-and-government, #warren-elizabeth

Democrats Reach Deal to Control Drug Prices in Social Policy Bill

The provision would, for the first time, allow the government to negotiate prices for some medicines covered by Medicare.

#biden-joseph-r-jr, #democratic-party, #drugs-pharmaceuticals, #elderly, #federal-budget-us, #health-insurance-and-managed-care, #house-of-representatives, #inventions-and-patents, #medicare, #pelosi-nancy, #prices-fares-fees-and-rates, #schumer-charles-e, #senate, #sinema-kyrsten, #united-states-politics-and-government, #warren-elizabeth

Democrats’ Bill Would Cover Poor Uninsured Adults, Up to a Point

The $1.85 trillion social policy bill would provide free private health insurance for more than two million adults locked out of coverage, but only for four years.

#federal-budget-us, #georgia, #health-insurance-and-managed-care, #medicaid, #patient-protection-and-affordable-care-act-2010, #united-states-politics-and-government, #warnock-raphael-g

Why Paid Family Leave’s Demise This Time Could Fuel It Later

In failing to secure a benefit with bipartisan appeal, President Biden joins a long line of frustrated politicians. But some Republicans say it could be resurrected on its own.

#biden-joseph-r-jr, #child-care, #family-leaves, #federal-budget-us, #gillibrand-kirsten-e, #paid-time-off, #united-states-politics-and-government, #wages-and-salaries

Biden Finds Raising Corporate Tax Rates Easier Abroad Than at Home

As the Group of 20 seals a new global minimum tax for companies, the president has scaled back his plans to tax U.S. corporations more.

#biden-joseph-r-jr, #corporate-taxes, #corporations, #donohoe-paschal-1974, #europe, #federal-budget-us, #federal-taxes-us, #foreign-investments, #group-of-twenty, #house-of-representatives, #income, #income-tax, #internal-revenue-service, #national-assn-of-manufacturers, #organization-for-economic-cooperation-and-development, #patriotic-millionaires, #tax-cuts-and-jobs-act-2017, #tax-shelters, #treasury-department, #trump-donald-j, #united-states, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries, #yellen-janet-l

Biden Implores Democrats to Support His Transformative Agenda

“The House and Senate majorities and my presidency will be determined by what happens in the next week,” President Biden told lawmakers on Thursday.

#american-families-plan-2021, #biden-joseph-r-jr, #democratic-party, #federal-budget-us, #law-and-legislation, #senate, #united-states-politics-and-government

The President’s Gamble: Biden Implores Democrats to Support His Agenda

“The House and Senate majorities and my presidency will be determined by what happens in the next week,” President Biden told lawmakers on Thursday.

#american-families-plan-2021, #biden-joseph-r-jr, #democratic-party, #federal-budget-us, #law-and-legislation, #senate, #united-states-politics-and-government

Climate Change Became the Central Part of Biden Spending Bill

As paid family leave and other priorities were taken out of the president’s plan, the largest piece became a $555 billion plan to fight climate change.

#american-families-plan-2021, #democratic-party, #federal-budget-us, #global-warming, #green-new-deal, #greenhouse-gas-emissions, #united-states-economy, #united-states-politics-and-government

How $2 Trillion in Tax Increases in Biden’s Bill Target Companies and the Rich

The proposal to fund the president’s sprawling spending plan mostly turns up the dial on more conventional tax policies, while trying to curb maneuvers that allow tax avoidance.

#biden-joseph-r-jr, #budgets-and-budgeting, #corporate-taxes, #corporations, #executive-compensation, #federal-budget-us, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #internal-revenue-service, #stock-buybacks, #tax-credits-deductions-and-exemptions, #tax-shelters, #treasury-department, #united-states-politics-and-government

Billionaires Beat the Working Rich in Biden’s Spending Bill

One by one, tax proposals that would have slowed dynastic wealth have been tossed from the agreement.

#biden-joseph-r-jr, #capital-gains-tax, #federal-budget-us, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #united-states-politics-and-government

Biden and Democrats Push for Budget Deal This Week as Rifts Remain

Negotiators were closing in on a deal that could spend around $1.75 trillion, but lawmakers were still haggling over critical disagreements on the sprawling social policy bill.

#alternative-and-renewable-energy, #american-families-plan-2021, #american-jobs-plan-2021, #biden-joseph-r-jr, #democratic-party, #drugs-pharmaceuticals, #federal-budget-us, #global-warming, #high-net-worth-individuals, #house-of-representatives, #manchin-joe-iii, #medicaid, #medicare, #paid-time-off, #schumer-charles-e, #senate, #united-states-politics-and-government

Biden’s Compromise on Spending Bills Could Have Consequences

The president pushed for an expansive agenda knowing that he would most likely have to pare it back, leaving a sense of disappointment that could hurt his party at the polls.

#biden-joseph-r-jr, #democratic-party, #federal-budget-us, #filibusters-and-debate-curbs, #senate, #united-states-politics-and-government

Biden the Dealmaker Finds That Compromise Can Have Consequences

The president pushed for an expansive agenda knowing that he would most likely have to pare it back, leaving a sense of disappointment that could hurt his party at the polls.

#biden-joseph-r-jr, #democratic-party, #federal-budget-us, #filibusters-and-debate-curbs, #senate, #united-states-politics-and-government

Democrats Consider Billionaires Tax

Senator Kyrsten Sinema’s refusal to accept corporate, individual or capital gains tax rate increases has led Democrats to consider proposals once championed by the party’s most liberal flank.

#biden-joseph-r-jr, #corporate-taxes, #federal-budget-us, #high-net-worth-individuals, #income-tax, #sinema-kyrsten, #tax-shelters, #taxation, #united-states-politics-and-government

Biden Is Open to Scrapping Filibuster for Voting Rights Bill ‘and Maybe More’

The president said any push to “fundamentally alter” the Senate’s 60-vote threshold would have to wait until after Congress passed his vast spending agenda.

#american-families-plan-2021, #biden-joseph-r-jr, #cnn, #democratic-party, #federal-budget-us, #filibusters-and-debate-curbs, #law-and-legislation, #republican-party, #senate, #united-states-politics-and-government, #voting-rights-registration-and-requirements

How Not to Let Corporations Kill Biden’s Agenda

Profit taxes should be increased, but it’s OK to borrow if they aren’t.

#corporate-taxes, #federal-budget-us, #federal-taxes-us, #lobbying-and-lobbyists, #national-debt-us, #sinema-kyrsten, #tax-cuts-and-jobs-act-2017, #united-states-politics-and-government

Stocks Hit a Record as Investors See Progress Toward a Spending Deal

After weeks of fluctuations driven in part by Washington gridlock, share prices hit another high and put a dismal September in the rearview mirror.

#banking-and-financial-institutions, #biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #house-of-representatives, #mcconnell-mitch, #national-debt-us, #senate, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states, #united-states-economy, #united-states-politics-and-government

Pre-K, Child Care and Other Priorities

Readers discuss the social programs in the budget bill and negotiations about what to trim. Also: Dave Chappelle; ride-sharing.

#car-services-and-livery-cabs, #chappelle-dave, #child-care, #children-and-childhood, #comedy-and-humor, #education-k-12, #education-pre-school, #federal-budget-us, #manchin-joe-iii, #united-states-politics-and-government

Democrats, Scaling Back Budget Bill, Press for Compromise by Week’s End

As they worked to shrink their marquee domestic policy bill, President Biden told Democrats that a proposal to provide two years of free community college would most likely have to be dropped.

#american-families-plan-2021, #biden-joseph-r-jr, #democratic-party, #federal-budget-us, #jayapal-pramila, #law-and-legislation, #manchin-joe-iii, #senate, #united-states-politics-and-government

Trump Missed the Part About No Do-Overs

And apparently no one from his party is going to explain it to him. 

#american-jobs-plan-2021, #biden-joseph-r-jr, #columbus-christopher, #federal-budget-us, #infrastructure-public-works, #jefferson-thomas, #labor-and-jobs, #organized-labor, #presidential-election-of-2020, #presidents-and-presidency-us, #trump-donald-j, #united-states-politics-and-government, #voter-fraud-election-fraud, #washington-george-1732-99

Biden’s Plans Raise Questions About What U.S. Can or Cannot Afford to Do

Democrats are debating whether doing nothing will cost more than doing something to deal with climate change, education, child care, prescription drugs and more.

#american-families-plan-2021, #american-jobs-plan-2021, #biden-joseph-r-jr, #federal-budget-us, #federal-taxes-us, #global-warming, #greenhouse-gas-emissions, #inflation-economics, #manchin-joe-iii, #united-states-economy, #united-states-politics-and-government

In Budget Bill, Democrats Bet the Temporary Will Become Permanent

The authors of the sprawling legislation believe that even if the new programs are temporary, their benefits will become so popular that Congress will keep them. History shows they are probably right.

#american-families-plan-2021, #biden-joseph-r-jr, #child-tax-credits-and-stipends, #democratic-party, #federal-budget-us, #law-and-legislation, #tax-credits-deductions-and-exemptions, #united-states-politics-and-government

Washington Should Quit Its Budget Gimmicks

Sometimes true costs are hidden by backloading them.

#american-families-plan-2021, #american-jobs-plan-2021, #federal-budget-us, #infrastructure-public-works, #united-states, #united-states-politics-and-government

John Yarmuth of Kentucky, House Budget Chairman, Announces Retirement

Mr. Yarmuth, the lone Democrat in his state’s congressional delegation and a key proponent of President Biden’s domestic agenda, said he would not seek re-election.

#american-families-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #democratic-party, #elections-house-of-representatives, #federal-budget-us, #house-committee-on-the-budget, #house-of-representatives, #louisville-ky, #united-states-politics-and-government, #yarmuth-john

There’s More Than One Way to Play Dead

The Senate is in a tizzy. Education is in a tizzy. Also, Democratic strategists. 

#admissions-standards, #american-jobs-plan-2021, #biden-joseph-r-jr, #charter-schools, #children-and-childhood, #conservatism-us-politics, #de-blasio-bill, #democratic-party, #education-k-12, #federal-budget-us, #king-debby-1949-2021, #klein-ezra, #private-and-sectarian-schools, #republican-party, #schumer-charles-e, #senate, #sinema-kyrsten, #united-states-politics-and-government

Wonking Out: Coins and Credibility

Biden should do whatever it takes to avoid default.

#economics-theory-and-philosophy, #federal-budget-us, #federal-reserve-system, #inflation-economics, #internal-sub-only, #national-debt-us, #treasury-department, #united-states-economy

Biden Can End Debt-Ceiling Sabotage Once and for All

The 14th Amendment offers a way out.

#biden-joseph-r-jr, #clinton-bill, #constitution-us, #democratic-party, #federal-budget-us, #fourteenth-amendment-us-constitution, #mcconnell-mitch, #national-debt-us, #presidents-and-presidency-us, #republican-party, #senate, #trump-donald-j, #united-states, #united-states-politics-and-government

Finance Executives Say Risk of Default Is Already Damaging the Economy

Shortly after the C.E.O.s met with President Biden, Senator Mitch McConnell said he would allow Democrats to raise the debt ceiling enough to push a potential default to December.

#biden-joseph-r-jr, #citigroup-inc, #democratic-party, #federal-budget-us, #filibusters-and-debate-curbs, #fraser-jane-1967, #friedman-adena-t, #goldman-sachs-group-inc, #mcconnell-mitch, #nasdaq-omx-group-inc, #national-debt-us, #republican-party, #senate, #treasury-department, #united-states-politics-and-government