President's Budget
Results per page: 50 | 100
Results by year: 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006
-
Non-Defense Discretionary Programs Will Face Serious Pressures Under Current Funding Caps
Revised December 6, 2012
President Obama and Congress achieved $1.5 trillion in discretionary program cuts over the next ten years primarily by setting tight caps on annual discretionary funding in the Budget Control Act (BCA) of 2011.[1] Congress adhered to those caps in 2012 in writing its appropriations bills for that year, but has yet to enact final … -
Statement of Robert Greenstein, President, in Response to Republican Budget Offer
December 4, 2012
House Republican leaders portray the deficit-reduction offer that they issued yesterday as a fair middle ground. It isn’t. On the crucial issue of revenues, the new Republican offer proposes $800 billion over ten years. Contrast that with the plan that Erskine Bowles, Alan Simpson, and some members of their commission issued in December 2010, … -
$2 Trillion in Deficit Savings Would Achieve Key Goal: Stabilizing the Debt Over the Next Decade
November 1, 2012
Some budget watchers are urging the President and Congress to enact $4 trillion in savings over the next ten years in order to address the deficit problem. The $4 trillion figure has assumed something of a life of its own. In fact, there is no single magic number. For example, policymakers could achieve the most essential … -
Misguided “Fiscal Cliff” Fears Pose Challenges to Productive Budget Negotiations
Updated September 24, 2012
The sooner policymakers enact legislation to put the budget on a sustainable long-term path without threatening the vulnerable economic recovery, the better. But, as they prepare for an almost certain post-election "lame duck" session of Congress, policymakers should not make budget decisions with long-term consequences based … -
Joint Tax Committee: Raising Threshold for Bush Tax Cuts from $250,000 to $1 Million Would Lose $366 Billion — Nearly Half the Revenue
May 30, 2012
House Minority Leader Nancy Pelosi's proposal to extend President Bush's income tax cuts for households making up to $1 million a year would lose nearly half of the revenue that President Obama's proposal to extend the tax cuts only for households making up to $250,000 would raise, according to new estimates from Congress' Joint Committee on … -
House Budget Bills Would Target Programs for Lower-Income Families While Breaking Last Summer's Bipartisan Deal
Updated May 10, 2012
The House Budget Committee approved on May 7 a package of two bills that would alter the bipartisan deal between President Obama and congressional leaders that was reflected in last summer’s Budget Control Act (BCA). It would eliminate the “sequestration” (automatic cuts) in discretionary programs scheduled for 2013 as … -
Toomey Budget Similar to House-Passed Ryan Budget
May 9, 2012
The Senate may take up, as early as this week, a budget proposal from Senator Patrick J. Toomey (R-PA)[1] that is similar in most important respects to the budget resolution from House Budget Committee Chairman Paul Ryan (R-WI), which the House passed on March 29. [2] Like the Ryan budget, the Toomey plan (S. Con. Res. 37) would protect and extend tax cuts that … -
A Closer Look at Chairman Ryan's "Sequestration" Proposal
May 8, 2012
On May 7, the House Budget Committee approved a bill designed by Chairman Paul Ryan to alter three aspects of the debt-limit agreement that the President and congressional leaders reached last summer. The bill would produce a total funding level for discretionary programs in fiscal year 2013 that exactly matches the amount in the … -
President's Budget Would Reduce Pell Grant Shortfall; Ryan Budget Would Nearly Triple It
April 26, 2012
Even though its costs are expected to remain flat over the next decade,[1] the Pell Grant program, which helps students from low-income families pay for college, faces an $8 billion funding gap in fiscal year 2014 and a $58 billion shortfall through 2022 because the way Congress has funded it in recent years has made its cost appear … -
President's Proposal to Raise Rents on Some of the Nation's Poorest Households Would Cause Serious Hardship
March 20, 2012
The President’s budget proposes to raise the rents charged to more than 500,000 of the nation’s poorest families. It would do this by raising to $75 a month the “minimum rent” charged to the poorest families in the rental assistance programs that the Department of Housing and Urban Development administers and eliminating state … -
President’s Budget Not Sufficient to Renew Rental Assistance Fully for Low-Income Households
March 14, 2012
The President's fiscal year 2013 budget request for the Department of Housing and Urban Development (HUD) is at least $1.7 billion below the amount needed to fully renew rental assistance provided this year under HUD's three major rental assistance programs for low-income households: the Housing Choice voucher, public housing, and Section 8 … -
Administration’s Corporate Tax Reform Framework a Promising Start but Falls Short on Raising Revenue
Revised February 28, 2012
The Administration has advanced a coherent framework for corporate tax reform that could lead to a more efficient corporate tax regime. [1] The framework's main weakness is that it seeks no deficit-reduction contribution from corporate tax reform, aiming only for revenue neutrality. Given the nation's serious long-term budget problems and the … -
President’s Budget Would Eliminate Separate Funding Caps for Defense and Nondefense Discretionary Programs
February 17, 2012
The President's budget proposes to alter the structure, although not the overall level, of the "discretionary caps" that limit annual appropriations bills. It would combine the existing caps — which separately constrain total defense and total nondefense appropriations — into a single overall cap on all discretionary … -
How Does the Obama Budget Do In Meeting Deficit Reduction Goals?
Revised February 16, 2012
The President’s budget would, if enacted, make significant progress in reducing deficits, although policymakers would have to take further steps, especially for future decades. Under its economic assumptions, it would achieve what most budget analysts, and all recent bipartisan commissions or panels, have identified as the crucial fiscal goal …
