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Sep 25 2020
News
Trump and Biden Trade Barbs on Social Security but Avoid Substance
Social Security has become a flashpoint in the presidential campaign in recent weeks, with both candidates accusing the other of undermining the program, and each insisting he won’t cut benefits.
Democratic presidential nominee Joe Biden and President Trump have launched a series of ads in key swing states targeting older voters. So far, however, the debate has overshadowed the
Wall Street Journal (News)Sep 11 2018
Headline Roundup
Federal Deficit Increases 32 Percent to $895 Billion
The federal deficit has increased 32 percent to $895 billion over the first 11 months of fiscal year 2018, according to the Congressional Budget Office. The CBO cited the recent tax cuts as well as the bipartisan agreement to increase spending as the main drivers.
The Hill The Daily Caller ThinkProgressDec 13 2012
News
How Liberals Argue: Obamacare Taxes
Last night, I joined CNBC's The Kudlow Report to discuss the recent news that 18 Senate Democrats have signed a letter urging the postponement or repeal of Obamacare's destructive medical device tax. Conservatives have warned for years that the tax would kill jobs and undermine innovation in the field, a conclusion that some Democrats have finally embraced as implementation looms. The Left
TownhallFeb 20 2014
Opinion
Opinion: GOP’s lame new talking point: Why they’re wrong about the minimum wage and jobs
When the Congressional Budget Office (CBO) recently released a new report estimating the effects of a higher minimum wage, conservatives pounced on the possibility that a minimum wage hike to $10.10 would cost about 500,000 jobs. But much like their reaction to the recent report about the Affordable Care Act, they are jumping to conclusions far too quickly.
First, there are reasons to
SalonSep 03 2020
Headline Roundup
Congress Estimates Social Security to Run Out by 2031
On Wednesday, a Congressional Budget Report (CBO) predicted that the Social Security Old Age and Survivors Insurance (OASI) fund, which pays retirement benefits, would run out in 2031. The report estimated that the fund would decrease from $2.8 trillion today to $533 billion in 2030, and run out the following year without any congressional action. These numbers come after President Donald
The Hill Forbes CNN (Online News)Apr 27 2023
Headline Roundup
House Republicans Pass Debt Limit Bill
On Wednesday, House Republicans approved legislation in a 217-215 vote to extend the government's borrowing authority into 2024 and slash federal spending.
Key Details: The bill calls for trillions of dollars in spending cuts over a decade, and would extend the borrowing limit through March 31, 2024 or by $1.5 trillion, whichever comes first. It was altered to expedite the timeline for
The Daily Caller The Hill NBC News (Online)Sep 27 2021
Headline Roundup
Bill to Avert Shutdown, Suspend Debt Ceiling Blocked By Senate Republicans
Senate Republicans on Monday voted against a motion to begin debate on a Democrat-proposed stopgap bill to avert a government shutdown and suspend the debt ceiling. The motion, which needed 60 votes to avoid a Republican filibuster, failed in a 48-50 party line vote. If Congress fails to raise or suspend the debt ceiling by mid-October, the U.S. government could default on its debts for the
Politico The Hill Fox BusinessOct 16 2019
News
The Eye-Popping Cost of Medicare for All
According to new figures: more than the federal government will spend over the coming decade on Social Security, Medicare, and Medicaid combined.
Senator Elizabeth Warren’s refusal to answer repeated questions at last night’s debate about how she would fund Medicare for All underscores the challenge she faces finding a politically acceptable means to meet the idea’s huge price tag—a
The AtlanticApr 15 2019
News
Trump Gave Most Americans a Tax Cut and They Didn’t Notice
Republicans passed a sweeping tax cut for two-thirds of Americans in 2017, saying it would pay for itself and the American public would thank them.
Now, as Americans finish filing to the IRS for the first time under the new system, the law has swelled the deficit and surveys show just one-fifth of taxpayers believe their taxes have gone down. That’s made it hard for President Donald
BloombergMar 04 2021
Headline Roundup
Harris Breaks Tie to Begin Senate Talks On COVID-19 Stimulus
On Thursday, Senate Democrats voted to begin debate surrounding the $1.9 trillion COVID-19 bill. The Senate voted 50-50 to advance the bill with Vice President Kamala Harris breaking the tie; no Republicans voted to take up the bill. This comes after a delay in approval from the Congressional Budget Office (CBO), which would make sure the Senate's bill complied with reconciliation rules -- a
Associated Press Fact Check New York Post (News) The Hill