Harry Reid Says No ‘Grand Bargain’ Coming, Van Hollen Remains Open

By: Friday October 25, 2013 5:59 am

Senate Majority Leader Harry Reid, speaking on Nevada Public Radio, let it be known that there is not going to be a “Grand Bargain”. While the Senate bill that ended the shutdown seemed to open the door for a deal that would cut Social Security and Medicare, Reid was adamant that was not going to [...]

Congressional Democrats Pushing Back Against Obama’s Austerity Budget

By: Tuesday April 30, 2013 5:48 am

As the latest reports indicate that the U.S. economy is slowing down and the intellectual foundation for austerity economics has been discredited, Congressional Democrats are pushing back against President Obama’s austerity budget. Democrats in the Senate and even more in the House no longer see the logic in austerity cuts to social programs such as [...]

Democrats Begin Talking About Extending Payroll Tax Cut

By: Monday October 22, 2012 8:30 am

After giving up the payroll tax cut for dead, a few Democrats have tentatively returned to reanimate the policy, arguing that the economy could benefit from another year of fiscal accommodation. But the approach is so hedged and conflicted, that I don’t see it as a game changer. But Democrats on Capitol Hill are showing [...]

Obama: Pass the Full Payroll Tax/UI Legislation

By: Tuesday February 14, 2012 10:55 am

Blowing right past the Republican concession on the payroll tax cut, the President demanded passage of all three expiring measures without delay in remarks at the White House today. He only referred to the new GOP concession in passing: Now, the good news is over the last couple of days, we’ve seen some hopeful signs [...]

House Democrats Ready New Version of DISCLOSE Act

By: Thursday January 26, 2012 6:14 am

After Citizens United, which was decided two days after Democrats lost their 60-seat majority in the Senate, there was a push to respond to the Supreme Court ruling with some legislation adding transparency and disclosure to the process. If the Massachusetts race went another way it would have passed; Democrats consistently got 59 votes in [...]

House Democrats Hit GOP For Stalling on Conference Committee

By: Friday January 6, 2012 6:54 am

Nancy Pelosi and the House Democrats pulled off a neat little trick yesterday. The two-month extension of the payroll tax cut and unemployment insurance really only allows for one month of negotiation in the conference committee, since Congress stands in recess until the end of January. But there’s no reason that the conference committee cannot [...]

House GOP Walks Out on Attempt to Call Up Senate Payroll Tax Deal

By: Wednesday December 21, 2011 10:55 am

I haven’t seen Republicans mismanage the public relations of one of their schemes this badly in quite a while. Check out this scene on the House floor from today. During a pro forma session designed to block recess appointments (streams crossing), Steny Hoyer asks for unanimous consent to bring up the Senate two-month stopgap on [...]

Republicans Release Payroll Tax Cut Package

By: Thursday December 1, 2011 6:18 am

Republicans unveiled their package for the payroll tax cut, and the suspicions were correct on the pay-fors. Responding to a plan by Senate Democrats to pay for the payroll tax holiday by enacting a surtax on wealthy individuals, Republicans outlined a counter-proposal that would extend the current two-year pay freeze for federal workers by an [...]

Obama Proposes Replacing AMT with Millionaire’s Minimum Tax

By: Sunday September 18, 2011 10:45 am

In tomorrow’s deficit speech, the President will propose a replacement structure for the alternative minimum tax, which would create what he will call “the Buffett rule.” It will set a minimum tax for individuals earning over $1 million a year. President Obama on Monday will call for a new minimum tax rate for individuals making [...]

Presidential Power Observed: Dems on Catfood Commission II Want Bigger Deficit Package

By: Tuesday September 6, 2011 1:51 pm

Here’s an object lesson in the conceit that Presidents don’t have any power to set the agenda. It’s pretty clear that they do, particularly among their own party. When the Catfood Commission II was put together, the goal for the panel was to come up with $1.5 trillion in additional deficit reduction solutions, on top [...]

Pelosi Rounds Out Super Congress with Leadership Selections

By: Thursday August 11, 2011 10:15 am

House Minority Leader Nancy Pelosi made her selections for the Super Congress with the choices of Nancy Pelosi, Nancy Pelosi, and Nancy Pelosi. My appointees: @Clyburn @RepBecerra @ChrisVanHollen They’ll focus on economic growth & job creation–which reduces deficit Jim Clyburn is number three in the leadership. Chris Van Hollen is the ranking member on the [...]

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