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Recently on our blog…- Constitutional budget amendments kept on the sidelines May 17, 2012 Nan Madden
- Tax debate ends with one bill signed, one pocket veto May 14, 2012 Nan Madden
- A few pieces from vetoed tax bill find a home in House File 2690 May 9, 2012 Nan Madden
- Scaled-back tax bill still raises unanswered questions about the future May 9, 2012 Nan Madden
- Tax cuts are a risky way to try to stimulate state’s economy May 4, 2012 Nan Madden
Category Archives: Federal Budget
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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Federal spending cuts would mean lower economic growth and less job creation
Moody’s Analytics chief economist Mark Zandi is out with new analysis warning that a House Republican proposal to cut approximately $61 billion in federal spending this year below current levels would create drag on an economy struggling to recover. Warning against cutting … Continue reading
Posted in Federal Budget
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U.S. House bill would mean millions lost to Minnesota
The U.S. House passed a bill on February 19 that would cut non-security discretionary spending for the current year (Federal Fiscal Year 2011) by 14.3 percent. An analysis by the Center on Budget and Policy Priorities finds that just a … Continue reading
Posted in Federal Budget
1 Comment
President Obama’s budget would cut spending, raise revenue to reduce deficits
President Obama’s proposed budget for Fiscal Year 2012 represents a good-faith effort to take a balanced approach to deficit reduction by proposing a mix of significant spending cuts, some increased investments as well as raising revenues by allowing high-income tax cuts to … Continue reading
Posted in Federal Budget
1 Comment
Congress looking at drastic cuts to services
House Speaker John Boehner is proposing to freeze federal non-defense discretionary spending for the rest of fiscal year 2011 at 2008 levels, which would mean a 21 percent cut in discretionary programs compared to the 2010 level adjusted for inflation. … Continue reading
Posted in Federal Budget
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