The House released their version of a year-end bill to extend unemployment benefits, a payroll tax cut and a “doc fix” to avoid a 27% cut in Medicare reimbursement. A look at the various elements of the bill make clear that Republicans have little interest in passing anything through Congress.
|By: David Dayen Sunday December 11, 2011 7:40 am|
|By: David Dayen Saturday September 17, 2011 12:40 pm|
The House GOP leadership has written a memo to their caucus picking and choosing what they would be willing to support in the American Jobs Act. The numbers come out to support for 1/44th of the overall price tag, about 2% of the total bill.
As you may know, the AJA is comprised of about 57% tax cuts and 43% spending initiatives. So in the main, House Republican leaders tossed out the spending and embraced a few of the tax cuts. They also rejected the tax hikes on corporations and the wealthy to pay for the bill.
|By: Jon Walker Friday December 10, 2010 2:15 pm|
President Obama seems remarkably proud of himself for the many “concessions” he won from Sen. Mitch McConnell (R-KY) as part of their deal to extend all the Bush tax cuts for two years. Yet, it seems almost all of the “concessions” Obama claims to have won were ideas actually promoted by Republicans. The amount of money allocated for things Obama wanted that didn’t have bipartisan support is much smaller.
|By: David Dayen Wednesday September 8, 2010 6:00 pm|
On a series of conference calls with reporters and bloggers, Jason Furman, Deputy Assistant to the President for Economic Policy, defended the series of tax breaks and infrastructure investments that make up the White House’s new jobs package as both a short-term way to boost the economy and draw contrast with a Republican platform stuck in the past, and a long-term way to create better modes for business investment in the future. But he still left nagging questions about the relative benefits of a policy which even some Democrats are way of, and which economists have found dubious in recent days.
|By: David Dayen Tuesday September 7, 2010 3:20 pm|
Today’s announcement of a $200 billion dollar program to allow businesses to write off their capital expenditures up front in 2010 and 2011 at full cost (which would only cost $30 billion in the long run) hasn’t received the widest reception from the economic profession.
|By: David Dayen Tuesday September 7, 2010 7:02 am|
Yesterday’s announcement by President Obama of $50 billion dollars in front-loaded infrastructure spending is a smart idea that moves things in the right direction in the short- and long-term, and instead of going back to the tax cut well, focuses on targeted spending for job creation.