India's New Government Messiah - EconoMonitor (blog)

45 min 25 sec ago

India's New Government Messiah
EconoMonitor (blog)
A tired, ineffective and dysfunctional Congress led government had conceded defeat a long time ago, unwilling to waste political capital in what they saw as a lost battle. ... There is a promise to reduce the budget deficit while maintaining current ...

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4 Reasons Social Security Is In Trouble - Will You Be, Too? - DailyFinance

1 hour 22 sec ago

NBCNews.com

4 Reasons Social Security Is In Trouble - Will You Be, Too?
DailyFinance
For one thing, the program's 75-year actuarial deficit increased to 2.88 percent of payroll, up from 2.72 percent last year. For another, the ... Security will be. The chart below from the Congressional Budget Office shows how the population of those ...
Dangerously Demagoguing EntitlementsNational Review Online (blog)
Medicare hospital trust fund solvency extended by 4 years: 6 things to knowBecker's Hospital Review
Medicare, Social Security march toward insolvencyThe Hill
InvestmentNews (blog) -Yahoo Finance (blog) -Insurance News Net
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Michael Hiltzik - Los Angeles Times

Tue, 07/29/2014 - 5:37pm

Michael Hiltzik
Los Angeles Times
Peterson has made a name for himself as a deficit hawk, and even though the federal deficit as a share of the economy has come down sharply over the last six or seven years, he's damned if he's going to give up a good issue, even if he has to fake ...

Monday's news summary, July 28, 2014 - Poughkeepsie Journal

Mon, 07/28/2014 - 10:31pm

Monday's news summary, July 28, 2014
Poughkeepsie Journal
COMING TOMORROW: A bill that would change tax law to encourage the protection of open space by creating deductions for charitable donations of conservation easements has passed the House of Representatives but faces a battle in the Senate. The bill ...

Trying to talk with IRS can be taxing - Los Angeles Times

Mon, 07/28/2014 - 9:27pm

Trying to talk with IRS can be taxing
Los Angeles Times
IRS Commissioner John Koskinen said in April that budget cuts probably will mean that about a third of people calling the agency simply won't get through. Above, the IRS' headquarters in ... But with a projected deficit of nearly $600 billion this year ...

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An unbalanced idea from the governor - Norwalk Reflector

Mon, 07/28/2014 - 3:35pm

An unbalanced idea from the governor
Norwalk Reflector
He argues that if Congress won't act to advance the amendment, the necessary 34 states should call for a constitutional convention. Predictably enough, the ... The result is larger budget deficits. If anything, most economists advise running deficits ...

Is Paul Ryan Still Paul Ryan? - New York Magazine

Mon, 07/28/2014 - 2:07pm

New York Magazine

Is Paul Ryan Still Paul Ryan?
New York Magazine
We're talking about the Ryan Budget, the chairman's grandiloquent vision statement outlining the next several decades of public policy, hailed by the entire Republican Party, Ryan included, as a manifesto of civilizational rescue. Hmm, "Ryan Plan," you ...
Will any liberals support Paul Ryan's plan to address poverty?Creative Loafing Tampa
Paul Ryan's swing and miss on poverty: EditorialNJ.com

all 71 news articles »

Long-Term Budget Deficits - Seeking Alpha (registration)

Mon, 07/28/2014 - 1:36pm

Reuters India

Long-Term Budget Deficits
Seeking Alpha (registration)
This "extended baseline" forecast is based on existing law, including any ways in which the law requires future changes: for example, if current law requires a tax to be changed a few years in the future, that future change is included in this forecast ...
Growth pessimists have it wrongKorea JoongAng Daily

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Tackle problem now - Insurance News Net

Mon, 07/28/2014 - 6:44am

Christian Science Monitor

Tackle problem now
Insurance News Net
The Congressional Budget Office released its "2014 Long-Term Budget Outlook" this month, projecting Social Security and health- care spending to result in "unsustainable" federal deficits through the next quarter-century. "Unsustainable" might be an ...
In our opinion: The long-term outlook for Social Security isn't good, so begin ...Deseret News
Medicare, Social Security march toward...The Hill
Medicare finances improve as healthcare inflation slows, trustees sayLos Angeles Times
Valley News -MarketWatch -Washington Examiner
all 254 news articles »

WILLIAMS / One of the hardest parts of my job is telling friends 'no' - Blackshear Times

Sun, 07/27/2014 - 11:19pm

WILLIAMS / One of the hardest parts of my job is telling friends 'no'
Blackshear Times
... weak economy, and other changes to tax and spending laws have caused the deficit to shrink this year to its smallest size since 2007: roughly 3 percent of GDP, compared with a peak of almost 10 percent in 2009. — Source: Congressional Budget Office.

Two seek Libertarian slot for District 4 - Sedalia Democrat

Sun, 07/27/2014 - 4:04pm

Two seek Libertarian slot for District 4
Sedalia Democrat
“The first thing we need to do is to freeze all of congress's pay. The biggest thing on spending is the ... Prior to graduation from Central Missouri State University in Warrensburg, he opened tax and bookkeeping offices in Warrensburg and Concordia ...

Letter: Frustration over US corporations' tax dodges - The State Journal-Register

Sun, 07/27/2014 - 12:45am

Letter: Frustration over US corporations' tax dodges
The State Journal-Register
It is no wonder there is a perpetual national budget deficit, given the gaming of federal tax law by a growing number of major multi-billion dollar U.S. corporations that are shedding their American jerseys for those of other countries. For example ...

Obama: Offshore 'Tax Inversions' Are Unpatriotic - Huffington Post

Sat, 07/26/2014 - 10:40am

Obama: Offshore 'Tax Inversions' Are Unpatriotic
Huffington Post
It adds to the deficit. It makes it harder to invest in the things that will keep America strong, and it sticks you with the tab for what they stash offshore. Right now, a loophole in our tax laws makes this totally legal – and I think that's totally ...

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House votes to boost child tax credit for some - Sandusky Register

Sat, 07/26/2014 - 6:41am

Sandusky Register

House votes to boost child tax credit for some
Sandusky Register
Dave Camp R-Mich., chairman of the tax-writing House Ways and Means Committee. The White House said the bill favors high-income taxpayers over the poor, while adding $90 billion to the budget deficit over the next decade. Five million of the poorest ...

House votes to boost child tax credit for some - Washington Observer Reporter

Fri, 07/25/2014 - 11:09pm

SFGate

House votes to boost child tax credit for some
Washington Observer Reporter
WASHINGTON – More families with higher incomes could claim the popular child tax credit under a bill that won approval Friday in the House. But in a dispute that divides Republicans and Democrats, millions of the poorest low-income families would still ...
House votes to limit tax credit for immigrantsBloomington Pantagraph

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House votes to limit tax credit for immigrants - News 10NBC

Fri, 07/25/2014 - 4:29pm

SFGate

House votes to limit tax credit for immigrants
News 10NBC
WASHINGTON (AP) — The House passed a bill Friday that would gradually increase the popular child tax credit and make it available to more families with higher incomes. However, millions of low-income families would lose the $1,000-a-child credit in ...
House votes to boost child tax credit for someKansas City Star

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House votes to boost child tax credit for some - Fox News

Fri, 07/25/2014 - 4:09pm

House votes to boost child tax credit for some
Fox News
Dave Camp R-Mich., chairman of the tax-writing House Ways and Means Committee. The White House said the bill favors high-income taxpayers over the poor, while adding $90 billion to the budget deficit over the next decade. Five million of the poorest ...

House votes to boost child tax credit for some - Kansas City Star

Fri, 07/25/2014 - 3:38pm

SFGate

House votes to boost child tax credit for some
Kansas City Star
The White House said the bill favors high-income taxpayers over the poor, while adding $90 billion to the budget deficit over the next decade. Five million of the poorest low-income families would lose the credit in 2018, the White House ... These ...
House votes to limit tax credit for immigrantsSalon

all 131 news articles »

House votes to boost child tax credit for some - News 10NBC

Fri, 07/25/2014 - 3:34pm

89.3 KPCC

House votes to boost child tax credit for some
News 10NBC
The White House said the bill favors high-income taxpayers over the poor, while adding $90 billion to the budget deficit over the next decade. Five million of the poorest low-income families would lose the credit in 2018, the White House ... These ...
House votes to limit tax credit for immigrantsSalon

all 91 news articles »

House Votes To Boost Well-Off Kids, Cut Out Poor Kids - Huffington Post

Fri, 07/25/2014 - 1:52pm

House Votes To Boost Well-Off Kids, Cut Out Poor Kids
Huffington Post
chairman of the House Budget Committee, who vowed to make a new GOP push to reduce poverty. ... So far during this session of Congress, the House has passed permanent tax cuts that would add some $721 billion to the deficit over the next decade.

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