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Recently on our blog…- More details of tax portion of budget framework emerge May 17, 2013 Nan Madden
- Governor, House and Senate move forward with budget framework in place May 15, 2013 Minnesota Budget Project
- House and Senate make key investments in economic development and housing May 9, 2013 Caitlin Biegler
- Senate omnibus tax bill shares goals with Governor and House, but differs in the details May 1, 2013 Nan Madden
- Health and human services omnibus bills make good investments using wrong resources April 30, 2013 Christina Wessel
Category Archives: Federal Budget
A first look at sequestration’s impact on Minnesota
It’s April in Minnesota, which means many of us are caught up in the budget discussions brewing at the state Capitol. However, at the federal level, policymakers’ inability to reach a deficit-reduction deal has triggered a series of across-the-board federal … Continue reading
What’s at stake for low-income taxpayers in the fiscal cliff
I had the pleasure of speaking last week at an AccountAbility Minnesota public policy forum about what’s at stake for Minnesota’s low-income families in the federal and state tax policy debates. As you might expect, the fiscal cliff was a … Continue reading
Posted in Economy, Federal Budget, Taxes
Tagged AccountAbility Minnesota, child tax credit, deficit reduction, earned income tax credit, EITC, fiscal cliff
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Minnesota stands to lose millions under federal deficit-reduction plan
If federal policymakers fail to put forward a balanced deficit-reduction plan that includes significant revenues, Minnesota’s schools, roads and bridges, and communities would be substantially harmed, with serious implications for the state’s economy. New analysis by the Center on Budget … Continue reading
Posted in Budget Proposals, Federal Budget
Tagged Center on Budget and Policy Priorities, deficit reduction, deficit-reduction plan, federal funding
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Extending all Bush tax cuts is the wrong way to go
Extending the expiring 2001 and 2003 federal tax cuts would give the largest tax benefits to the highest-income Minnesotans and is a relatively ineffective way to spur economic growth, a new report from Citizens for Tax Justice (CTJ) finds. An … Continue reading
Posted in Federal Budget, Taxes
Tagged balanced approach, Bush tax cuts, Citizens for Tax Justice, Economic Growth, federal deficit, tax cuts, tax reform
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President Obama’s proposed jobs bill would support jobs, economic growth in Minnesota
The American Jobs Act proposed by President Obama could create or support more than 26,000 jobs and inject at least $1.5 billion into Minnesota, according to estimates by the Obama Administration. Those jobs include teachers, police, firefighters, engineers, construction workers and more. … Continue reading
Posted in Economy, Federal Budget, Taxes
Tagged American Jobs Act, Economic Growth, Economy, Federal Budget, jobs, Minnesota Jobs, Taxes
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Nobel laureates, leading economists oppose Balanced Budget Amendment to Constitution
Seven of the nation’s top economists, including five Nobel laureates, a former vice chair of the Federal Reserve System Board of Governors and a former chair of the Council of Economic Advisers, have come out in opposition to a Balanced … Continue reading
Join letter to Congress opposing Balanced Budget Amendment to Constitution
The fierce debate in Washington over how to reduce federal budget deficits has taken a dangerous new turn. Both the U.S. House and Senate are poised to vote as early as the week of July 18 on a Balanced Budget Amendment … Continue reading
Posted in Constitutional Amendments, Federal Budget
Tagged balanced budget amendment, Center on Budget and Policy Priorities, Congress, constitutional amendment, federal deficit, ryan budget
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Responsible federal budget choices must recognize the true contributors to deficits
Many in Congress are pursuing a radical deficit reduction strategy that would lead to massive cuts in education, affordable housing, environmental protection, law enforcement, services for people with disabilities, and other vital services. Such cuts would have a severe impact on … Continue reading
Posted in Action Opportunity, Federal Budget
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Deep cuts for education, housing, labor and health and human services in federal budget deal
A last-minute budget deal to avert a federal government shutdown on April 8 includes approximately $38 billion in spending cuts for the current fiscal year 2011 that ends on September 30. According to an analysis by the Washington Post, more than half … Continue reading
Posted in Federal Budget
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Make your voice heard in support of a responsible and balanced approach to federal deficit reduction
Our nation is starting to recover from the longest and deepest recession since the Great Depression. Yet many Minnesotans are still struggling with unemployment, underemployment and rising costs for energy, housing, health care and other basic needs. Right now, President … Continue reading
Posted in Action Opportunity, Federal Budget
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