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Recently on our blog…- 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
- Tax conference committee avoids cuts to renters’ property tax refunds, passes tax bill April 30, 2012 Nan Madden
Category Archives: Federal Budget
Unemployment Insurance, tax credits for working families, boost economy much more than high-income tax cuts
The federal legislation that extends Unemployment Insurance for people looking for work, along with the extension of improvements to tax credits for low-income working families, are expected to produce far more “bang for the buck” in terms of economic growth … Continue reading
Posted in Federal Budget
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Repeal of health care reform law would add $230 billion to federal deficit
The nonpartisan Congressional Budget Office (CBO) has informed Congress that repealing the Patient Protection and Affordable Care Act would add approximately $230 billion to the federal budget deficit over the next ten years (from 2012 to 2021). CBO’s letter to Speaker John Boehner provides a preliminary … Continue reading
Posted in Federal Budget, Health Care
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Unemployment Insurance makes up only a small piece of federal legislation
Now that Congress has passed the “framework agreement” on extending tax cuts and unemployment benefits, it’s a good time to understand the relative size of the various components of that package. The Center on Budget and Policy Priorities has released … Continue reading
Posted in Federal Budget
Tagged child tax credit, earned income tax credit, estate tax, unemployment insurance
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Weatherization spending primes economic pump, cuts family expenses
A fierce, cold winter wind has been blowing into Minnesota, but here is the good news. Expanded weatherization assistance in the state has created a triple benefit – boosting state economic activity, reducing pollution and lowering energy bills for low- … Continue reading
Posted in Economy, Environment, Federal Budget
Tagged hiring equity, recovery act, stimulus, weatherization
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Compromise would extend Unemployment Insurance, improvements to tax credits for working families
The Obama administration and Congressional Republican leaders have announced a “framework agreement” for a compromise that includes good news for low- and moderate-income working families and some bad news in the struggle for fair and responsible tax policies. First, the good … Continue reading
Posted in Federal Budget, Taxes
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Lame duck Congress facing key decisions on tax policies, unemployment insurance
The “lame duck” Congress is preparing to vote on whether or not to extend some or all of the expiring 2001 and 2003 tax cuts. Sharp divisions in both the House and Senate, however, have made the outcome of these … Continue reading
Posted in Federal Budget, Taxes
Tagged child tax credit, earned income tax credit, Federal Tax Cuts, unemployment insurance
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Call on Congress to make fair and responsible tax decisions
Our nation faces two critical challenges: a fragile economic recovery and long-term budget deficits. As Congress faces important tax votes this fall, they should choose a path that supports our economic recovery by helping families who are struggling today and … Continue reading
Posted in Action Opportunity, Federal Budget
Tagged child tax credit, earned income tax credit, estate tax
1 Comment
Let high-income tax cuts expire, redirect money to stimulate economy
The Center on Budget and Policy Priorities makes a strong case for letting $40 billion in Bush tax cuts for high-income households expire as scheduled at the end of this year. That $40 billion could instead be redirected to help stimulate … Continue reading
Posted in Economy, Federal Budget, Taxes
Tagged Congress, federal stimulus, income tax, low-income, Taxes, unemployment, unemployment insurance
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Governor Pawlenty should OK Minnesota’s share of additional federal funding
We recently reported that Minnesota will receive an additional $263 million in federal Medicaid funding. Minnesota policymakers have been waiting since January for Congress to approve this funding, but there is one last step: Governor Tim Pawlenty must certify that … Continue reading
Posted in Budget Proposals, Federal Budget, Health Care
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Minnesota to receive $430 million for health care and education
Congress has approved and President Obama has signed into law a bill that will send $430 million to Minnesota to help pay for health care and to save public school teachers’ jobs. The breakdown is $167 million for education and $263 million in additional funding … Continue reading
