paygo

The Senate tossed its paygo problem back to the House last night, passing a fix to the alternative minimum tax without a tax increase or anything else to offset the $50 billion cost.

The Senate is still stalled on fixing the alternative minimum tax, a deadlock that could, at a minimum, mean that next year’s tax refunds will be delayed for millions of people.

The Washington Post examines one key reason why the Senate isn't likely to raise taxes on hedge fund managers to make up the money lost by "patching" the alt

Let's reverse the usual order and start with the bad news: Senate Majority Leader Harry Reid says he's willing to waive "pay as you go" rules to get a one-year fix for the alternative minimum tax.

The House Ways and Means Committee voted yesterday to "fix" the alternative minimum tax, but from my perspective the most important thing is how they did it.

One of the big lessons the Facing Up partners have drawn from our opinion research is that one of the key elements in the budget debate is trust --

A couple of items worth noting:

The Concord Coalition puts out its analysis of today's Democratic budget resolution. The good news: pay-as-you-go rules. The bad news: the handling of war costs, entitlements and spending caps.

Democratic leaders say they want to have a budget resolution by next Friday.