Senate

Senate Republicans Introduce Medicaid Block Grant Legislation

Yesterday, Senators Tom Coburn (R-OK), Richard Burr (R-NC), and Saxby Chambliss (R-GA) released a proposal to reform the Medicaid program. Their proposal is in some ways similar to the Medicaid changes incorporated in the House Republican budget.

Between the ‘Line’s: Meetings, Plans, Halfsies and One Cent

No Deficit of Talk – At least there no longer is a deficit of discussion when it comes to our fiscal situation. House Speaker John Boehner (R-OH) gave a major address Monday night to the Economic Club of New York where he said that increasing the statutory debt limit should be accompanied by spending cuts greater than the amount of the debt limit increase.

‘Line’ Items: May Flowers Edition

What Will Bloom This Month? – In April we were showered with fiscal policy developments: namely, a last-minute FY 2011 budget deal; a deluge of budget plans from across the political spectrum (see here, here, here and here ); House passage of a FY 2012 budget resolution; a major fiscal policy speech from President Obama along with a new fiscal framework; and a steady stream of budget process ideas.

Senate Finance Committee Discusses Enforcement Mechanisms

Since President Obama put the idea of a debt trigger in the public's mind, it has become a hot topic. Third Way recently put out a piece detailing different types of triggers, including the recommendation from Peterson-Pew Commission on Budget Reform.

‘Line’ Items: Two Weddings and a Burial Edition

Wedding Vows and Vows Kept – Last week the royal wedding in England between William and Kate garnered a great deal of attention on this side of the pond. Meanwhile another union seemed to blossom in this country – the pairing of a debt limit increase with some type of trigger mechanism. Now, the word that Osama Bin Laden has been killed and buried at sea puts an end to the quest for the man most responsible for the 9/11 attacks and finally fulfills a promise to bring him to justice that spanned two administrations.

‘Line’ Items: Tax Day Edition

Happy Tax Day – Today is about the consequences of procrastination for the great many waiting until the last minute to file their federal income tax returns. It is also the time when the most consideration is given to the costs and benefits of the federal government.

Giving Taxpayers a Receipt

Just in time for Tax Day on Monday, the White House website has launched a taxpayer receipt. By entering what one has paid in federal taxes, the new tool allows users to view where their tax dollars go, with results broken down by category.

Finally, We Have a Budget for This Year

The House and Senate today approved of legislation funding the federal government for the rest of the fiscal year, ratifying the agreement reached late last week that averted a government shutdown. For good measure, lawmakers flirted with one more deadline as the “bridge CR” that has been financing government operations since last Friday night’s last-minute deal was set to expire tomorrow.

Sens. Wyden and Coats Introduce Tax Reform Legislation

Today, Senators Ron Wyden (D-OR) and Dan Coats (R-IN) introduced bipartisan legislation to comprehensively reform the existing U.S. tax system in a revenue-neutral manner. The "Bipartisan Tax Fairness and Simplification Act of 2011" fundamentally reforms the U.S.

The Unlikely Fiscal Pair

If the current budget drama in Washington ever becomes the stuff of a feature film--yes, a real stretch, but we've seen worse from Hollywood--maybe it could be a buddy film. Senators Tom Coburn (R-OK) and Dick Durbin (D-IL) could be cast as the main protagonists--unlikely partners thrust into a difficult quest.

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