Keyword: budget

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  • Wear: Explaining TxDOT’s sudden retreat on toll roads

    12/04/2017 7:11:42 PM PST · by Tolerance Sucks Rocks · 27 replies
    The Austin American-Statesman ^ | November 26, 2017 | Ben Wear
    People forgot the asterisk. Or maybe they never noticed it in the first place. The consequences of that oversight took full form about a week ago, and the result is that the prospects for several major highway projects in Central Texas and the state’s other urban centers are now uncertain. Back during the 2013 legislative session, when Texas Department of Transportation officials and their lawmaker allies began pushing for more money through a constitutional amendment, they said that TxDOT needed an extra $5 billion a year to fight traffic congestion. Just give us that much money and all will be...
  • More construction, fewer toll collectors in tollway's 2018 budget draft

    11/29/2017 5:56:23 AM PST · by Tolerance Sucks Rocks · 7 replies
    The Chicago Daily Herald ^ | November 13, 2017 | Marni Pyke
    Is that toll collector in the booth an endangered species? Not quite with 387 collectors working for the Illinois tollway in 2018, but the numbers are dwindling as the agency moves toward an automated system. Through attrition, toll collector jobs will drop by 32 next year, which accounts for nearly 60 percent of the 55 eliminated positions agencywide, according to the proposed budget recently released. Other budget highlights include an estimated $60 million spike in revenues and a $269.7 million increase in capital spending from 2017. Overall the operations and maintenance budget, which includes salaries and equipment, will rise by...
  • Schumer, Pelosi cancel meeting with Trump as shutdown showdown begins

    11/28/2017 8:50:24 AM PST · by rdl6989 · 76 replies
    Washington Times ^ | November 28, 2017 | Stephen Dinan
    The top two Democrats in Congress canceled a meeting with President Trump slated for later Tuesday, saying they didn’t see him as a viable partner in trying to strike an end-of-year spending deal. The stunning move attempts to further sideline Mr. Trump and portray him as at odds with his party’s own leadership in Congress. Senate Minority Leader Charles E. Schumer and House Minority Leader Nancy Pelosi announced their decision to skip the meeting hours after Mr. Trump said he doubted they could reach a deal on an end-of-year spending bill.
  • Is fiscal conservatism dead?

    11/27/2017 7:23:49 AM PST · by Oldeconomybuyer · 73 replies
    CBS "News" ^ | November 27, 2017 | By KATHRYN WATSON
    "The priority is spending," the energetic and newly minted congressman, sporting an American flag pin on his dark suit jacket, told the C-SPAN host, soon adding, "the size of the government is really what it comes down to." The year was 2010, and the congressman-elect was Mick Mulvaney, then a 43-year-old restaurateur and developer who rode the tea party wave during President Obama's first term to defeat 14-term incumbent Democrat John Spratt and be the first Republican to represent South Carolina's 5th Congressional District since 1883. Fast forward to 2017. The national debt has surpassed $20 trillion. The country's budget...
  • Pentagon headed for another stopgap budget in December

    11/21/2017 7:29:57 AM PST · by huldah1776 · 8 replies
    The Washington Examiner ^ | Nov 20, 2017, 2:43 PM | Travis J. Tritten
    The Pentagon is likely to be dealt another budget heartbreak in December. Military leaders have made it crystal clear for months that they want Congress to lift a Budget Control Act spending cap for defense and pass a 2018 budget that allows the services to start new programs, buy spare parts and contract for fighter jets and other hardware. snip A budget punt with another continuing resolution is not what the Pentagon wanted. “It's just a waste of money and we need to be able to plan in advance,” Chief Pentagon spokesperson Dana White said. White has been using her...
  • Defense Spending: Stopgap Measures No Longer?

    11/15/2017 10:02:19 AM PST · by Kaslin · 3 replies ^ | November 15, 2017 | Ed Feulner
    It’s not exactly “Man Bites Dog,” but “Congress Gets Defense Spending Right” is almost as surprising a headline. For too long now, we’ve been cutting corners when it comes to the military. Years of underfunding have given us a weakened force that, despite the hard work of our brave troops, is ill-equipped to handle the missions we keep throwing at it. Think the recent spate of ship collisions is a coincidence? Hardly. They’re a red flag -- a warning sign we ignore at our peril. That’s what happens when you shortchange our armed forces and fail to ensure that they...
  • Senate GOP to add repeal of Obamacare insurance mandate into tax bill

    11/14/2017 1:47:00 PM PST · by Innovative · 61 replies
    Washington Post ^ | Nov. 14, 2017 | Mike DeBonis and Damian Paletta
    Senate Republican leaders are adding a provision to their tax bill that would repeal the Affordable Care Act’s individual mandate, a major change as they now try to accomplish two of their top domestic priorities in a single piece of legislation. “We’re optimistic that inserting the individual mandate repeal would be helpful” to the tax effort, Senate Majority Leader Mitch McConnell (R-Ky.) said Tuesday after meeting with party members during a closed-door lunch. President Trump and many GOP lawmakers have supported using the tax bill to repeal the mandate, a part of the health care law that creates penalties for...
  • McConnell 'misspoke' on claim that no one in middle class would get tax increase

    11/10/2017 12:56:39 PM PST · by Oldeconomybuyer · 45 replies
    The Hill ^ | November 10, 2017 | BY JORDAIN CARNEY
    Senate Majority Leader Mitch McConnell (R-Ky.) is walking back his claim that no middle class Americans will see a tax increase under the Senate GOP plan. "I misspoke on that. You can't guarantee that absolutely no one sees a tax increase," McConnell told The New York Times on Friday. McConnell added that "what we are doing is targeting levels of income and looking at the average in those levels and the average will be tax relief for the average taxpayer in each of those segments."
  • Rand Paul: 'Conservatives Get Outfoxed and Bamboozled by the D.C. Swamp'

    10/27/2017 7:36:40 PM PDT · by Michael van der Galien · 13 replies
    PJ Media ^ | 10-27-2017 | Michael van der Galien
    In a fiery column for The Hill, Rand Paul takes on the "swamp creatures" in Washington, D.C., who tried to pass "tax cuts" that would actually raise taxes for the middle and upper-middle classes. When Senator Paul first spoke against the Republican tax plan, his party's leadership attacked him for "not supporting tax cuts." Not true, Paul writes -- he was trying to make the plan better: "The D.C. swamp has paid-for toadies on the left and the right. From the right come cries that I am opposing the tax plan. Far from it. I am trying to make it...
  • Rep. Kevin Brady says lawmakers considering raising 401(k) contribution limit

    10/27/2017 12:11:06 PM PDT · by rb22982 · 21 replies
    CNBC ^ | 10/27/2017 | Christine Wang
    ...The chairman of the House Ways and Means Committee, said he has talked to President Donald Trump twice this week about 401(k)s. "He'd like to raise the limits so people can save more in those plans. So do I. I think that's a good start," Brady said....The amount workers can contribute to a 401(k) rises to $18,500 next year, up from $18,000 in 2017. People age 50 and older can tack on a so-called catch-up contribution of $6,000. But lawmakers are now looking at raising that limit to $20,000 or more.
  • House Passes the Budget, Now on to Tax Reform!

    10/26/2017 1:39:02 PM PDT · by davikkm · 7 replies
    IWB ^ | Robert Carbery
    The GOP are honing in on a legislative victory at last. Republicans are learning their lessons from the healthcare fight. They need a unified plan to achieve real, lasting tax reform. It has been a struggle just to get this far though. The September 27 tax framework released by the White House and GOP leaders included some clear goals, such as setting a corporate tax rate of 20 percent and cutting tax rates on businesses and individuals. However, it failed to offer answers to some looming questions, like where to set income brackets or which corporate tax breaks should be...
  • House adopts Senate budget, takes step toward tax reform

    10/26/2017 10:10:20 AM PDT · by SkyPilot · 68 replies
    The Hill ^ | 26 Oct 17 | Y NIV ELIS AND CRISTINA MARCOS
    House Republicans on Thursday narrowly adopted the Senate’s version of the 2018 budget resolution, overcoming a key hurdle for the party’s tax-reform plan. The budget will allow Republicans to pass a tax overhaul that adds up to $1.5 trillion to the deficit through a process known as reconciliation, which only requires 51 votes to pass in the Senate. Twenty Republicans voted against the budget in the 216-212 vote, more than the 18 who voted against the original House version earlier this month. Most of the 20 defectors were centrists hailing from populous states that could stand to lose from eliminating...
  • Trump urges House GOP to pass Senate budget, tax reform

    10/22/2017 8:25:26 PM PDT · by Innovative · 6 replies
    CNN ^ | Oct. 22, 2017 | Maegan Vazquez, Allie Malloy and Boris Sanchez
    President Donald Trump urged House members to adopt the Senate's budget this week and follow through on tax reform during a House GOP conference call Sunday. "We are on the verge of doing something very, very historic," Trump said, according to a Republican source speaking with CNN.
  • Trump Tax Cuts Gain Momentum as Senator Rand Paul Goes 'All In'

    10/20/2017 2:33:48 PM PDT · by drewh · 79 replies
    Reuters/AOL ^ | Oct 20th 2017 11:48AM
    U.S. Republican senator Rand Paul on Friday appeared to back the Trump administration's sweeping tax cut plan, saying he was "all in" for massive tax cuts even as the Senate passed a key budget measure without his support one day earlier. On Thursday, the Republican-controlled Senate approved the budget resolution for the 2018 fiscal year, with Paul casting the lone Republican vote against it. That approval paves the way for their tax-cut proposal that would add up to $1.5 trillion to the federal deficit over the next decade to pay for the cuts. U.S. President Donald Trump on Friday signaled...
  • Senate passes a budget, moving the GOP closer to tax reform (a $4 Trillion Budget Measure)

    10/20/2017 9:00:15 AM PDT · by SeekAndFind · 24 replies
    CNBC ^ | 10/20/2017 | Jacob Pramuk
    Senate Republicans approved a $4 trillion budget measure Thursday, taking a crucial step toward their goal of passing a tax plan this year. The chamber approved the budget resolution by a 51-49 vote. Sen. Rand Paul, R-Ky., was the only GOP senator to vote against it. Senators will now have to reconcile their budget resolution with a separate one passed by the House. The other chamber could simply choose to pass the Senate budget blueprint. Passing a budget unlocks reconciliation, which enables the GOP to pass a tax bill with a simple 51-vote majority in the Senate. Using the tool...
  • Rand wrecks GOP unity again

    10/18/2017 8:39:18 AM PDT · by C19fan · 31 replies
    Politico ^ | October 17, 2017 | Burgess Everett
    President Donald Trump and Senate GOP leaders are desperate for a show of legislative unity on tax reform after the collapse of Obamacare repeal. But they’re unlikely to get it thanks to Sen. Rand Paul of Kentucky. The frequent GOP contrarian is digging in against the budget as written — an ominous start to Republicans’ tax push at a time when leaders would like to soothe jittery donors and voters.
  • Senate GOP to Back Trump on Border Wall, Risking Shutdown Fight

    10/17/2017 7:30:51 PM PDT · by 11th_VA · 32 replies
    AG Web ^ | Oct 17, 2017
    Senate Republicans have drafted a Homeland Security spending bill that includes the full $1.6 billion President Donald Trump wants for a wall at the Mexican border, increasing the chances of a shutdown fight before current government funding runs out Dec. 8. Bill author Senator John Boozman of Arkansas told reporters Tuesday the border wall funds would be resolved in a giant trillion-dollar spending bill in December, along with the issue of whether to continue work permits for immigrants brought to the U.S. illegally as children, known as Dreamers. "That will be part of the negotiations," he said. "I think at...
  • Here’s what Norway’s new budget means

    10/12/2017 3:47:28 PM PDT · by Redmen4ever · 4 replies
    The Local (Norway) ^ | 10/12/17 | NA
    Norway’s government presented its proposal for the 2018 budget on Thursday, with finance minister Siv Jensen presenting the priorities of the current Conservative-Progress coalition government to the Stortinget parliament.
  • The Storm Gathers and America is Unready

    10/11/2017 10:17:36 AM PDT · by markomalley · 7 replies
    War on the Rocks ^ | 10/11/17 | Dakota L. Wood
    Winston Churchill summarized the theme of his seminal history of World War II as “[h]ow the English-speaking peoples through their unwisdom, carelessness, and good nature allowed the wicked to rearm.”His first volume, The Gathering Storm, recounted many instances of failure among the leading figures of the 1930s to appreciate the growing danger of Hitler’s rise to power. Churchill’s history highlighted how the good intentions and virtuous character of Britain, France, and the United States hindered them from taking actions that could very well have prevented a war that claimed the lives of some 60 million people. He marveled at [how]...
  • McConnell defends Corker amid Trump feud

    10/09/2017 7:13:31 PM PDT · by markomalley · 106 replies
    The Hill ^ | 10/9/17 | Jordain Carney
    Senate Majority Leader Mitch McConnell (R-Ky.) is offering support to Sen. Bob Corker (R-Tenn.) amid a war of words between the latter and President Trump. "Sen. Corker is a valuable member of the Senate Republican caucus and he’s also on the Budget committee and a particularly important player as we move to the floor on the budget next week and he’s an important part of our team,” McConnell said Monday in Kentucky, according to the Associated Press. Asked about whether he agreed with Corker's criticism of Trump, McConnell sidestepped, adding: "[Corker is] an important part of our team and he's...