Report: Max Baucus To Retire In 2014

By: Tuesday April 23, 2013 8:29 am

Do you hear that? It is the sound of progressives across America giving each other high fives as Senator Max Baucus has, according to the Washington Post, decided not to run for re-election in 2014 and will retire. Senate Finance Committee Chairman Max Baucus (D-Mont.) is retiring rather than seek re-election in 2014, according to [...]

McConnell Gambit on Senate Floor Highlights Democratic Resistance to Some Tax Hikes on the Wealthy

By: Wednesday December 5, 2012 1:06 pm

Some skullduggery on the Senate floor today. If I can piece together what happened, Mitch McConnell up and requested unanimous consent for an immediate vote on the Geithner plan – the initial offer that the White House made to avert the fiscal slope. And Harry Reid, calling it a “stunt,” objected to the UC request. [...]

Baucus Wants Estate Tax Fixed at 2009 Levels

By: Tuesday November 27, 2012 8:30 am

There are so many moving parts to the expiring measures due at the end of the year that it’s often hard to assess them all. Republicans like to frame them solely as about taxes, which is untrue – the sequester and the change to Medicare reimbursement rates and the extended unemployment benefits make up a [...]

Geithner: Get Ready for Bowles-Simpson

By: Friday June 15, 2012 8:19 am

Treasury Secretary Timothy Geithner spoke in front of the Council on Foreign Relations Wednesday, and he gave what amounts to an endorsement of the Bowles-Simpson deficit reduction plan. Addressing the Council on Foreign Relations Wednesday afternoon, Treasury Secretary Timothy Geithner said that the debate about the path to fiscal responsibility “really began with Bowles-Simpson and [...]

Senate Tries Moving Tax Extenders Package Before Election

By: Thursday June 14, 2012 8:55 am

The fiscal slope has several component parts, but one of the more overlooked ones is the series of what is colloquially known as “tax extenders,” those one-year tax breaks, usually for businesses, that are habitually extended. There’s a very good reason that these are only extended one year at a time – if you want [...]

US Inks Prison Transfer Agreement With Afghanistan

By: Friday March 9, 2012 9:35 am

The United States and Afghanistan have signed a deal to transfer all prisoners in the military-run prisons at Bagram Air Force Base to the control of the Afghans, a move that paves the way for a long-term security arrangement. The Strategic Partnership Agreement, which Washington and Kabul have been discussing for over a year, will [...]

Four Weeks to Payroll Tax Cut/UI Expiration, and Little Movement on Extension

By: Thursday February 2, 2012 8:55 am

The payroll tax cut and extended unemployment benefits expire on February 29. And though the House-Senate conference committee charged with figuring out a year-long extension met yesterday, there really isn’t a lot of movement toward a solution. Pay-fors seem to be the biggest stumbling block. On Wednesday, the House approved one of the GOP’s favored [...]

Republicans Avoiding Payroll Tax Cut/UI Bill for Keystone XL Poison Pill

By: Monday January 30, 2012 7:35 am

The House GOP caucus definitely wants to try to force the issue on the Keystone XL pipeline with another vote. What’s not yet clear is where they want to place the rider. If they choose to attach it to payroll tax cut/UI legislation, that’s an indicator that they really want it to pass. If not, [...]

Super Committee Holds Perfunctory First Meeting

By: Thursday September 8, 2011 10:26 am

The Super Committee, what we’ve been calling Catfood Commission II, held its first meeting today. There wasn’t much on the agenda, just the internal governing rules of how the committee will proceed, under the direction of co-chairs Patty Murray (D-WA) and Jeb Hensarling (R-TX). Both sides are talking about compromise and the need for action, [...]

Kerry, Not Baucus, Weakest Link on Catfood Commission II

By: Thursday August 11, 2011 9:35 am

I was on the radio yesterday and I explained that Max Baucus is probably to the left of all the announced members of the Catfood Commission II, something the interviewer could hardly believe. But I think the available evidence shows this to be the case. He dissented from the original Catfood Commission because of Social [...]

Forget Personalities, the Catfood Commission Is Its Own Problem

By: Wednesday August 10, 2011 10:54 am

Alan Simpson has a problem with Max Baucus. He talks too damn much about “balance.” “He’s chairman of the Finance Committee and feels a competition with Kent Conrad, which is not good, because Conrad moves and does things, and Max is just holding back,” Simpson said. “He didn’t come to many of our meetings. And [...]

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