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Keyword: 2014budget

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  • Obama seeks deal, proposes cuts to Social Security

    04/06/2013 1:10:26 AM PDT · by Olog-hai · 46 replies
    Associated Press ^ | Apr. 5, 2013 5:40 PM EDT | Jim Kuhnhenn and Andrew Taylor
    Seeking an elusive middle ground, President Barack Obama is proposing a 2014 budget that embraces tax increases abhorred by Republicans as well as reductions, loathed by liberals, in the growth of Social Security and other benefit programs. The plan, if ever enacted, could touch almost all Americans. The rich would see tax increases, the poor and the elderly would get smaller annual increases in their benefits, and middle income taxpayers would slip into higher tax brackets despite Obama’s repeated vows not to add to the tax burden of the middle class. His proposed changes, once phased in, would mean a...
  • House Passes Ryan Budget, 221-207

    03/21/2013 2:22:50 PM PDT · by Kaslin · 11 replies
    Townhall.com ^ | March 21, 2013 | Guy Benson
    The Republican-held House of Representatives has passed Paul Ryan's FY 2014 budget, as well as the final version of a "continuing resolution" that will fund the federal government through the end of the current fiscal year.  The latter item locked into place the reduced spending baseline established by the sequester.  It does not defund Obamacare, although the GOP FY 2014 budget does.  As I wrote earlier, the House rejected a trio of Democratic alternative budgets yesterday, including the Senate Democrats' offering -- which raises taxes by $1.5 trillion, increases overall spending, adds $7 trillion in new deficits and never balances....