Today on the Fiscal Slopes

By: Thursday November 29, 2012 7:45 am

Politico’s VanDeAllen team have a exclusive inside must-credit-Politico rundown of the fiscal cliff talks that merely recycles known information and makes a bunch of guesses. Cut through the fog, and here’s what to expect: Taxes will go up just shy of $1.2 trillion — the middle ground of what President Barack Obama wants and what [...]

Obama Brings Back the American Jobs Act From the Mothballs

By: Tuesday May 8, 2012 9:46 am

Perhaps showing concern about the softening economic forecasts of recent months, President Obama has provided a to-do list for Congress that would, in his words, “create jobs and help restore middle class security.” The to-do list includes several ideas from the American Jobs Act and subsequent legislation proposals announced in recent months. They include: 1) [...]

Veterans Hiring Bill Indicative of Impossibility of Eliminating Tax Expenditures

By: Thursday November 10, 2011 8:55 am

Within the hour, it’s likely that the veterans hiring measure, which offers tax credits of up to $9,600 to businesses for hiring returning veterans, will pass the Senate, attached to a measure that makes it easier for government contractors to cheat on their taxes. Two things stand out with the passage of this. Obviously, it [...]

Senate Advances Veterans Hiring Measure, 3% Withholding Bill

By: Tuesday November 8, 2011 8:15 am

The sort-of jobs measure announced Friday by Democrats had it all: paeans to veterans, tax breaks for businesses, an elimination of leverage for tax compliance with government contractors. Something for everyone in Washington, in other words. Which is why it advanced in the Senate by a vote of 94-1. In a 94-1 roll call, senators [...]

Senate Democrats Attach Veterans Hiring Initiative to 3% Withholding Bill

By: Monday November 7, 2011 7:37 am

The latest in a series of jobs measures that will get a Senate vote offers a twist on what we’ve seen over the past several weeks. First of all, the bill is not paid for with a surtax on millionaires. Democrats have enough votes from their counterparts on that for their point to be made. [...]

Obama Administration Comes Back to Liberal Wonks for Job Creation Ideas

By: Friday September 9, 2011 11:41 am

The White House wants you to believe that the American Jobs Act is loaded up with bipartisan solutions once preferred by Republicans. And to some extent, that’s true. But there are a number of Easter eggs in here, policy ideas that originated with liberal policy groups. The White House may be touting the bipartisan bona [...]

Obama Administration Prefers One Stimulus Program – Handing Over Money to Businesses If They Hire

By: Monday July 12, 2010 11:36 am

Yesterday, David Axelrod seemed to suggest that the White House would shut down all their stimulus efforts once the unemployment extension bill passed. But the Wall Street Journal noticed that they’re still trying to extend one other program: the hiring tax credit for businesses. The Obama administration, stymied by a deficit-wary Congress reluctant to replenish [...]

Senate Gives Final Passage to Jobs Bill

By: Wednesday March 17, 2010 8:09 am

By a 68-29 vote, the Senate gave final approval to the HIRE Act, an $18 billion dollar measure that also includes $20 billion dollars of replenishing for the highway trust fund, the money for which is recovered through an accounting maneuver. So call it a $38 billion dollar jobs bill, fully paid for with offsets [...]

Job Creation Tax Credit On The Way To Final Passage

By: Tuesday March 16, 2010 6:24 am

Don’t look now, bit we’re about to get final passage on a modest-sized bill. In the United States Congress. In 2010. Crazy, right? The Senate achieved cloture yesterday on their now-$38 billion dollar micro-jobs bill. You’ll remember that this started out as a $15 billion dollar bill with four components: a job creation tax credit, [...]

Senate Votes On Unemployment Benefit, Tax Extensions Today

By: Tuesday March 9, 2010 7:51 am

The Senate will resume consideration of a $148 billion dollar tax extender bill which would also extend unemployment benefits and the 65% COBRA subsidy until the end of the year. The unemployment extension costs less than half of the total bill at $66 billion, with the rest going to tax breaks that expired at the [...]

House Passes $15BN Micro-Jobs Bill

By: Thursday March 4, 2010 12:35 pm

The House of Representatives passed a $15 billion dollar jobs bill which the House passed last week, but not before including an amendment sought by Blue Dogs to comply with paygo rules. The vote was 217-201. The major components of the bill include a job creation tax credit, $2 billion for Build America Bonds, a [...]

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