All posts in Politics & Economics
Think Tank Finds President’s Proposed Budget Raises Taxes on All
The Urban Institute and the Brookings Institute, two prominent American think tanks, jointly operate the Tax Policy Center (“TPC”), a project that focuses on tax policy. The TPC recently released its analysis of President Obama’s proposed budget for the federal […]
Max Baucus’s Office Has Been the Starting Point for Many Tax Lobbyists
Max Baucus, a Democratic Senator from Montana, recently announced that he will not seek re-election in 2014. By virtue of his position as chairman of the Senate Finance Committee, Baucus is a powerful player in any overhaul of the U.S. […]
America’s Political Dysfunction
Three key problems are at the heart of the long-term budget crisis the United States faces. First, government spending on entitlement programs such as Medicare and Social Security is unsustainable, even if tax revenue increases. Aside from the fiscal problems […]
Ted Cruz Quickly Makes a Name for himself in Washington, D.C.
Chuck Hagel was confirmed as United States Secretary of Defense on February 26, 2013. Republican senators strongly criticized Hegel and even filibustered him at one point. Among Hagel’s fiercest critics was Ted Cruz, who was elected to the Senate last […]
Frustrated Fliers Have Feds to Thank
If the “sequester” budget cuts are not cancelled in the near future by the Congress and the President, there will be many unhappy travelers at the airport. The across-the-board budget cuts, totaling $85 billion, will cut funding to various federal […]
Problems with the President’s Budget Plan
President Obama has urged Congress to work with his administration to solve the United States’ long-term budget problems. In its last five fiscal years, the United States has run four $1 trillion-plus annual deficits, and is on pace for approximately […]