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A Special 10/40
Read moreIn the spirit of Tax Day today the Bottom Line presents its own special “10/40” (don’t worry; we aren’t filing this with the IRS). Just saying the...
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Trouble Ahead? S&P Cuts US Ratings Outlook
Read moreToday, the S&P has cut the US ratings outlook from stable to negative, while maintaining our triple-A rating. While this does not represent a direct...
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‘Line’ Items: Tax Day Edition
Read moreHappy Tax Day – Today is about the consequences of procrastination for the great many waiting until the last minute to file their federal income tax...
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Actually, Comprehensive Tax Reform Can Be Progressive
Read moreCongressman Ryan has come under attack, recently, for the tax reform framework in the House Republican budget proposal. CBPP calls it "huge tax...
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Giving Taxpayers a Receipt
Read moreJust in time for Tax Day on Monday, the White House website has launched a taxpayer receipt. By entering what one has paid in federal taxes, the new...
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Rep. Cooper Withdraws Amendment, but Effort Was Not in Vain
Read moreLast night, Congressman Jim Cooper (D-TN) withdrew from consideration his substitute amendment to the FY 2012 budget resolution that will be voted on...
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Finally, We Have a Budget for This Year
Read moreThe House and Senate today approved of legislation funding the federal government for the rest of the fiscal year, ratifying the agreement reached...
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Rep. Van Hollen and the Congressional Black Caucus Unveil FY 2012 Budgets
Read moreRep. Chris Van Hollen (D-MD), the ranking member of the House Budget Committee, has released his own budget proposal to counter that of Committee...
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Congressional Progressive Caucus Releases Their Budget
Read moreToday, the Congressional Progressive Caucus (CPC), a liberal group of Democrats in the House, released its own FY 2012 budget, "The People's Budget,"...
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President Gives Major Fiscal Policy Speech Today
Read moreToday, President Obama outlined his plan for putting our country back on a firm fiscal path to deal with our long-term debt problem. This is a huge...