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WASHINGTON — Senate Republicans will press this week to extend tax cuts for affluent families scheduled to expire Jan. 1, but the same Republican tax plan would allow a series of tax cuts for the working poor and the middle class to end next year. Republicans say the tax breaks for lower-income families — passed with little notice in the extensive 2009 economic stimulus law — were always supposed to be [...] The Washington Times
For Congress, the outlines of the pending fiscal crisis are clear: Don’t do a thing, and watch the economy slip into a double-dip recession early next year. Or cancel the looming tax increases and spending cuts, watch the deficit rise, and push the government ever closer to a European-style debt crisis. That decision was put in stark terms Tuesday by the Congressional Budget Office, which in a new analysis said the [...] WASHINGTON — Medicare is wasting more than $8 billion on an experimental program that rewards providers of mediocre health care and is unlikely to produce useful results, federal investigators say in a new report. The report, to be issued Monday by the Government Accountability Office, a nonpartisan investigative arm of Congress, urges the Obama administration to cancel the program, which pays bonuses tohealth insurance companies caring for millions of Medicare beneficiaries. Administration officials, however, defended the project and [...] Paul Kane Two years ago, Sen. Orrin G. Hatch looked like a sure goner. Tea party conservatives were after him and it was only a matter of time before they got him. But the six-term Republican from Utah enters the state Republican convention Saturday as the heavy favorite with the real possibility of securing enough support to win the Senate nomination outright, forgoing the need for a statewide primary. His [...] Senate Minority Leader Mitch McConnell (right), Kentucky Republican, speaks to reporters on Capitol Hill in Washington on Wednesday, June 29, 2011, about balancing the budget as Sen. Orrin G. Hatch, Utah Republican, looks on. (AP Photo/Manuel Balce A day after President Obama persuaded senators to cancel their Independence Day vacation to make headway on debt negotiations, the chamber’s Republican leader said there’s no better time to get started [...] More than 100 employees of the Internal Revenue Service cheated the government by fraudulently claiming a first-time homebuyer tax credit included in the 2008 and 2009 economic stimulus packages, according to federal investigators. The Treasury Department’s inspector general for tax administration, in several reports over the past few years, has identified a total of 128 IRS employees who claimed the credit but who also made [...] Congress on Tuesday passed the first major changes to last year’s health care law, undoing both a burdensome paperwork requirement for small businesses and rewriting part of the way the health exchange subsidies are paid for. The changes are complex and don’t affect the fundamental operations of the health law, but Republicans said they are symbolic nonetheless because they mark the [...] The Washington Time: Congress on Tuesday passed the first major changes to last year’s health care law, undoing both a burdensome paperwork requirement for small businesses and rewriting part of the way the health exchange subsidies are paid for. The changes are complex and don’t affect the fundamental operations of the health law, but Republicans said they are symbolic nonetheless because they [...] |
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