Budget Matters Blog

Category: Debt & Deficit


What the Bush Tax Cuts Cost

$1,034,401,772,556. That’s the cost to the U.S. Treasury since 2001 from Bush tax cuts for the wealthiest 5 percent of Americans—as of the moment I started writing this blog post. National Priorities Project and Citizens for Tax Justice today released CostOfTaxCuts.com, a site that has a real-time ticker showing the ...


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 ...

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 ...

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 ...

Our Latest Webinar: Hitting the Debt Ceiling

Our latest webinar Hitting the Debt Ceiling is a 45-minute presentation (with Q&A) that will introduce people to the current debate in Washington related to raising the legal limit on the U.S. national debt, which will shortly reach $14.3 trillion.The government is set to officially reach the debt limit by ...

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 ...

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 beenshrinking began to grow again. After nearly 2 years of job losses, America’s businesses added morethan one million jobs. Our capital and credit markets are functioning and strong. Manufacturing ...

The President Speaks

Tuesday night, the President delivered his annual State of the Union address before a joint session of Congress. Article II, Section 3 of the US Constitution requires the President to “from time to time give to the Congress Information of the State of the Union, and recommend to their Consideration ...

DC Speak: The Biggest Credit Card Bill Ever

The United States has been borrowing its way out of mounting obligations and lowered revenues for some time. We rely on the federal government to provide a variety of services across the country, including healthcare for veterans, special education programs, and energy grants for those with lower incomes. When tax ...

Forecast: Mostly Cloudy with a Chance of Shut Down

p { margin-bottom: 0.08in; }a:link { } By Samantha DanaWith the clock ticking away on the last session of the 111th Congress, the Democratic leadership in the House and Senate have a few bills they still need to get passed. The largest, most important one is the budget for the ...