Administration Calls for $450 Billion War Funding Cap

By: Thursday February 16, 2012 1:38 pm

Did you know that the federal government expects to spend $450 billion on fighting wars over the next decade? This, despite the removal of all troops fron Iraq, and the transition of combat missions over to the Afghans by 2014, if not a year earlier? That’s what we can take from the numbers in the [...]

Plan to Pay for Doc Fix with War Funding Savings Rejected

By: Wednesday February 8, 2012 10:18 am

House Republicans have decided against using savings from war funding to offset a permanent “doc fix,” which means that Medicare doctors could see their reimbursement rates fall as much as 27% by the end of the month. In addition, this only extends the cost of a permanent doc fix over time, because the cost of [...]

Payroll Tax Cut Conference Committee on Brink of Failure, Needs Lifeline

By: Tuesday February 7, 2012 8:55 am

The conference committee for the payroll tax cut is on a road to nowhere, and it’s clear that the House and Senate leadership will have to step in if the payroll tax cut, unemployment insurance and the doctor’s fix will get extended beyond the end of the month. House Ways and Means Committee Chairman Dave [...]

Republicans Consider Using War Funding to Finance Doc Fix

By: Wednesday January 25, 2012 2:42 pm

Sahil Kapur has an important report on how that accounting gimmick on war funding may finally get put to use. Unfortunately, it’s not on funding more infrastructure, as the President suggested in the State of the Union. Instead, it would fund a permanent doc fix, reversing the reduction in Medicare reimbursement for doctors. House Republicans [...]

Other Bits and Pieces on the State of the Union

By: Wednesday January 25, 2012 1:16 pm

Let’s briefly go through a few of the other proposals in last night’s State of the Union Address, none of which will come to pass this year if they include an act of Congress, but which offer some insights regardless: • The broader mortgage refi plan: HARP 2 is already operative, and Fannie and Freddie [...]

Democrats Vow to Block Policy Rider Attachments to Payroll Tax Cut Package

By: Saturday December 3, 2011 8:58 am

Democrats signaled that they would not acquiesce to Republican demands for poison-pill policy changes as a condition for passing an extension of the payroll tax cut, and that they would keep Congress in session through the holidays if they didn’t get the extension done. First, Nancy Pelosi spoke about riders to Brian Beutler. Republicans have [...]

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