Amgen Subsidy In “Fiscal Cliff” Deal Under Fire

By: Monday January 28, 2013 6:49 am

Buried within the “fiscal cliff” deal was a massive piece of Corporate Welfare for pharmaceutical giant Amgen. That’s not surprising given that the tax increases in the bill were completely offset by the Corporate Welfare stuffed into it – so a huge waste of time deficit wise. But the Amgen subsidy is causing consternation given [...]

DeMint: Obama Will “Get His Wish” on Taxes

By: Thursday December 13, 2012 6:58 am

Fiscal slope talks have basically stalled out, but leader in the conservative movement Jim DeMint cried uncle this morning, affirming that the President will get higher taxes, though he exaggerated it to mean higher taxes on everyone, not just on those earning over $250,000. “He’s going to get his wish,” DeMint said. “I believe we’re [...]

Debt Deal: Both Sides Included Late-Stage Changes

By: Saturday July 23, 2011 8:16 am

Reading the tick-tocks on how the debt limit deal imploded, it appears both sides fashioned some last-minute changes that the other side could not accept. First, on the Democratic side, my instinct that the Gang of Six proposal heightened the probabilities of default turned out to be correct. In this case, because the Gang of [...]

Both Parties Use Standard and Poor’s Downgrade Threat for Their Own Political Ends

By: Monday April 18, 2011 11:14 am

The reaction to S&P’s warning of a debt downgrade has been as predictable as it was swift. Paul Ryan responded that the debt “threatens not only the livelihoods of future generations, but also the economic security of American families today.” Eric Cantor described the S&P action as “a wake-up call.” House Majority Whip Kevin McCarthy, [...]

Unanswered Questions of the Tax Cut Deal

By: Monday December 13, 2010 2:02 pm

That cloture vote is still open at the moment, but the Senate will move to advance the health care bill today. They already have close to 70 votes in favor. With that kind of support, passage is assured. But while there’s no question of that, other questions abound: • Will the Senate allow amendments? As [...]

House Democrats Reject Tax Cut Deal “In Its Current Form”

By: Thursday December 9, 2010 8:57 am

House Democrats, after taking an internal vote, decided against bringing up the Obama-brokered tax deal in its current form. Defying President Obama, House Democrats voted Thursday not to bring up the tax package that he negotiated with Republicans in its current form. “This message today is very simple: That in the form that it was [...]

Tax Bill Gains Momentum as Democrats Grudgingly Move to Support

By: Thursday December 9, 2010 7:06 am

Chris Bowers had the best look at where things stand with the tax cut deal. Though the White House called it a “framework” previously, accounting for the possibility for some changes, they brought the hammer down yesterday. Republicans are saying that the deal is non-negotiable, and Joe Biden basically joined them in that assessment. He [...]

With Pressure on All Sides, White House Defends Tax Cut “Framework”

By: Monday December 6, 2010 5:33 pm

Senior Administration officials tried to cast their deal on the Bush tax cuts in a positive light, even as forces on the left and right were mobilizing against it. The deal is so shaky that the White House officials and the President would only call it a “framework.” Several Democrats and Republicans in the House [...]

House Attendees To Health Care Summit Include Jim Cooper

By: Tuesday February 23, 2010 1:55 pm

I’m taking the announcements of the House and Senate attendees for the health care summit in stride. The whole event is a kabuki dance anyway, so the players in that dance don’t seem like a pressing issue. Still, it’s amusing that Nancy Pelosi picked Jim Cooper, the dragon-slayer of the 1994 reform, as one of [...]

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