President Biden revealed an aspect of his administration’s March 9 budget proposal to the U.S. Congress on Tuesday, saying there will be tax jumps for the rich. Biden gave a speech in Virginia, saying his budget plan is to protect the Affordable Care Act and raise taxes on those earning $400,000 or more, saying that…
LIVE 12:15 PM ET: Democratic Senators Release a Report to Criticize Republican Budget Proposals
March 1, 2023
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U.S. Senate Majority Leader Chuck Schumer (D-NY) and Democratic Senators hold a media availability at 12:15 p.m. ET on March 1 to release a report on the Republican budget proposals that the Democrats allege support the wealthy and well-connected while hurting American families. …
Democrat Senators Release Report Criticizing Republican Budget Proposals
March 1, 2023
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U.S. Senate Majority Leader Chuck Schumer (D-N.Y.) and other Democrat Senators hold a media availability at 12:15 p.m. ET on March 1 to release a report on the Republican budget proposals that the Democrats allege support the wealthy and well-connected while hurting American families. …
California Legislative Analyst Discovers ‘Seiler’s Law’ on Budget Spending Limit
February 24, 2023
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Commentary Back in 2003, I was perusing some state budget documents and found an interesting correlation. When state general-fund spending rose above 6.2 percent of the income of Californians, inevitably the state would run deficits, get into budget trouble, and end up having to make sharp budget cuts and tax increases. The data came from…
LIVE 2:30 PM ET: Senate Majority Leader Schumer and Other Democrat Senators Discuss House Republican Budget Proposal
February 15, 2023
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Senate Majority Leader Chuck Schumer (D-N.Y.), Sens. Debbie Stabenow (D-Mich.), Patty Murray (D-Wash.), and Sheldon Whitehouse (D-R.I.) hold a media availability at 2:30 p.m. ET on Feb. 15 to discuss a Democrat report on the impact of the House Republican proposal to cut funding back to FY22 levels for discretionary appropriations. The Epoch Times will…
Senate Majority Leader Schumer and Other Democrat Senators Discuss House Republican Budget Proposal
February 15, 2023
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Senate Majority Leader Chuck Schumer (D-N.Y.), Sens. Debbie Stabenow (D-Mich.), Patty Murray (D-Wash.), and Sheldon Whitehouse (D-R.I.) hold a media availability at 2:30 p.m. ET on Feb. 15 to discuss a Democrat report on the impact of the House Republican proposal to cut funding back to FY22 levels for discretionary appropriations. The Epoch Times will…
Oklahoma Rep. Brecheen Holds 4 Town Halls on Key Issues
February 14, 2023
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Republicans have no plans to cut Medicare or Social Security, said freshman Rep. Josh Brecheen (R-Okla.), but cuts are inevitable if spending is not controlled. He pointed out that both programs are expected to be insolvent before 2033 if nothing is done. “Nobody is talking about cutting Medicare and Social Security. The cuts are coming…
Cuts to Reduce IRS Agent Expansion Possible, But True Spending Reform Unlikely: Analyst
Despite political posturing from both sides and calls for “real structural spending reform that reduces deficit spending and brings fiscal sanity back to Washington” from 24 Senate Republicans, Washington such change is unlikely at this time, Ryan Yonk explained in an interview that aired on Newsmakers by NTD and The Epoch Times on Feb. 1. But, Yonk added, one…
Gov. Newsom’s Fantasy Budget
January 18, 2023
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Commentary Gov. Gavin Newsom’s new budget proposal (pdf) for fiscal year 2023-24, which begins on July 1, is more a wish list than an actual budget proposal. It projects $297 billion in spending, but also anticipates a $22.5 billion deficit unless certain programs are cut or delayed. But one of the things former state Sen….
Record $33 Billion Budget Surplus Fuels Talk of ‘Largest Property Tax Cut in Texas History’
January 11, 2023
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Texas registered a record budget surplus during 2022–23 that topped earlier estimates by $5 billion and has triggered discussions on how best to utilize the excess funds, including using it for potential tax cuts and boosting the state’s infrastructure. The $32.7 billion budget surplus is higher than the $27 billion estimate which state Comptroller Glenn…
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