Budget Matters Blog

Health

The Pentagon Battles Health Care Costs

As the Pentagon scrambles to find ways to save money, the Defense Department has included in its fiscal year 2013 budget request a bombshell – increasing beneficiary contributions to its health care programs.The Defense Department’s health care network – known as TRICARE – provides a range of benefit plans to active duty military personnel, their dependents and survivors and military retirees. And like private health insurance programs, the costs of these benefits have skyrocketed in recent years, creating a significant financial burden for the military.

According to former Defense Secretary Robert Gates, "health care costs are eating the Defense Department alive ...


You Ask, We Answer: How Is Medicare Funded?

Last week we received numerous questions about how Medicare is funded. The questions were brought on by the launch of Tax Day and confusion over why Social Security and Medicare showed up in charts on how your income taxes were spent in 2011. 

As many of you pointed out, there are special taxes taken out of our paychecks specifically to fund the Medicare program, and those taxes are separate from your income taxes. To be specific, you and your employer each pay 1.45 percent of your wages as Medicare taxes. (That's part of your payroll taxes, also known ...


Coloradans Pay Hefty Taxes, Reap Considerable Benefits

Colorado residents will caucus today to decide their pick for the Republican nominee for president. Choosing a presidential candidate in part means caucus-goers will consider how they want the government to spend their federal tax dollars. National Priorities Project took a look at how much Colorado residents currently pay in federal taxes, and what they get in return.

On average Colorado residents each paid $7,003 in federal taxes in 2010. Federal taxes include income and payroll taxes as well as estate taxes and the federal excise tax on gasoline, cigarettes, and other goods. Coloradans pay more in taxes than ...


The Scoop on the American Jobs Act of 2011

President Obama presented the American

Jobs Act of 2011 on September 8th and sent it to Congress

on September 12th. Want to know what it's all about?

Here’s the rundown.

How does it help…

the unemployed? It makes it

illegal for employers to discriminate against unemployed job

applicants because of their unemployed status, and would extend

unemployment benefits, among other provisions.

employers? It cuts the payroll tax

in half for 98 percent of companies. It also gives a $4,000 bonus to

employers who hire the long-term unemployed.

veterans? It creates a “Returning

Heroes” tax credit to employers ...


White House Holds State Calls About Budget Deal

The

White House Office of Public Engagement has scheduled a series of ten

state calls (see list and specific invitation below). Note there are

two calls today (Wednesday) for folks in California and Colorado and

the rest through the end of this week. You are welcome to forward

this invitation far and wide.

White

House staff want to speak with constituents about the federal budget

deficit/debt deal. There will be an opportunity to ask questions. NPP

hopes you will be able to join in and ask a question and/or make a

comment. (Tip: Call facilitators often give instructions ...


Mainers Want Their Federal Income Taxes Spent on Education, Health Care

In

the midst of Congressional debates about debt, budget cuts, and tax

increases, a “penny poll” was held in every

Maine county asking participants, “How would you like your federal tax

dollars spent?” Mainers Larry Dansinger and Lisa Savage were among the leading coordinators of this effort.Education, health care, and veterans’ benefits were the top choices

for federal spending among the1,552 Mainers participating in polls conducted in each of Maine's 16 counties.The

results -- determined after counting 15,377 pennies -- diverge considerably from

the actual spending by Congress, but were relatively consistent in

different parts of the ...


Field Notes: Creating Change in Washington

Earlier this week I went to Washington, D.C. for the international conference of RESULTS, a nonpartisan organization working to end hunger and poverty by empowering individuals to exercise their personal and political power. The goal of RESULTS is captured in this quote by former Oregon Republican Senator Mark Hatfield:“We stand by as children starve by the millions because we lack the will to eliminate hunger. Yet we have found the will to develop missiles, capable of flying over the polar cap and landing within a few hundred feet of their target. This is not innovation. It is a ...


What the heck does the federal budget have to do with Michigan?

I had the real privilege of

speaking at the Michigan Forum on Jobs and Human Needs on Saturday,

March 6, 2001. Sponsored by a great mix of labor, faith, peace and

student groups, the event was held in Lansing, Michigan, the state's

capital, which is located within Ingham County.

Many of the conference organizers

are affiliated with Our Nation's Checkbook (ONCB), a national budget

priorities organizing campaign run amazingly well out of Friends

Committee on National Legislation and supported by NPP's information.My task was to answer the

question: What the heck does the federal budget have ...


President Obama's 2012 Budget

NPP

Provides State-Level Analysis of the President'sFiscal

Year 2012 Budget RequestToday

the White House released the Obama Administration's budget request

for Fiscal Year 2012, which begins on October 1, 2011.

As

expected, the estimated $3.7 trillion FY2012 request contains a

number of critical policy and fiscal goals, including:

Reducing

the government's annual deficit by placing a five-year freeze on

so-called "non-security" discretionary spending, while

eliminating a series of fossil fuel-related tax breaks and projecting

an end to the Bush-era tax cuts for the wealthiest Americans in 2012;

Investing

in education, with a goal of training more ...


The FY2012 Budget Message of the President

To the Congress of the United States:America is emerging from the worst recession in generations. In 2010, an economy that had been shrinking began to grow again. After nearly 2 years of job losses, America’s businesses added more than one million jobs. Our capital and credit markets are functioning and strong. Manufacturing is coming back. And after teetering on the brink of liquidation just 2 years ago, America’s auto industry is posting healthy gains and returning money to the taxpayers who helped it through a period of turmoil. The determination and resilience of the American people and ...


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