Jim Kessler News
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A bipartisan group of U.S. senators is closing in on an agreement to expand background checks for gun purchases, a test of how far lawmakers may go to address gun violence after the shootings in Newtown, Connecticut.
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They’re U.S. ZIP codes to be coveted. Just 140 exist, places where at least a quarter of tax filers report adjusted gross incomes of $200,000 or more.
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President Barack Obama embraced much of the business community’s agenda last night, calling for progress on stalled trade pacts, investments in roads and education, reworking the corporate tax code, and freezing discretionary spending to cut the deficit.
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Jim Kessler, co-founder and senior vice president for policy at Third Way, talks about the U.S. budget, taxes and the "fiscal cliff." (Source: Bloomberg)
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The blueprint for a deal to avoid a fiscal nightmare early next year may be found in the failed debt negotiations between President Barack Obama and House Speaker John Boehner in mid-2011.
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Senator Saxby Chambliss said the U.S. House’s 2012 budget proposal by fellow Republican Paul Ryan is “not going to work” because it relies too heavily on spending cuts and doesn’t raise tax revenue to help cut the deficit.
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Almost 15,000 federal retirees, including former leaders of Congress, a university president and a banker, are receiving six-figure pensions from a system that faces a $674.2 billion shortfall.
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Vice President Joe Biden set a goal of at least $1 trillion in budget cuts from negotiations with congressional leaders on the federal debt as talks turned to Medicare, a contentious issue that risks replicating a partisan divide on Capitol Hill.
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With the U.S. government on the verge of a historic default, the country’s largest business lobbying group took to the halls of Congress last week to press lawmakers to support the Panama Free-Trade Agreement.
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A Democratic-led policy group is defying party history by proposing changes to Social Security to pave the way for recommendations this week by President Barack Obama ’s deficit-cutting commission.
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