Tax and Appropriations
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The President made clear when he took office that his Administration would be focused on restoring responsibility to all parts of government, including the budget.
Today, President Obama announced his full budget proposal, including $17 billion in spending cuts.
I commend Chairman Obey for completing work on the President’s supplemental request for 2009 quickly. I will bring the supplemental to the House Floor for a vote next week so that we can send a bill to the President for his signature as soon as possible.
House Majority Leader Steny Hoyer (D-Md.) stepped out of his role as the heavy lifter in the background on Wednesday, calling on Congress to tackle long-dreaded entitlement reform, criticizing Congress for “a long history of inaction on long-term fiscal issues” and breaking with key Democrats by endorsing a commission to do so should Congress fail to act.
In "National Health Care With 51 Votes" (op-ed, April 27), Republican Sen. John Sununu argues that a minority of 40 senators ought to stand in the way of the 45 million Americans without health insurance, and millions more struggling with skyrocketing health-care costs.
If I were to guess the single most lasting lesson of our economic crisis, and if I were to spell it out in just five words, I would say: this is what debt does.
Today, President Obama and Treasury Secretary Geithner announced components of the Administration’s plan to reform our nation’s international tax laws.
The proposal announced today by President Obama is a needed step to reform tax laws that currently give a competitive advantage to businesses that invest overseas rather than in our own nation, and that allow the wealthiest to avoid paying their fair share.
Today, the House pass the FY10 Conference Report on a vote of 233-193.
Today, the House has the rare opportunity to set America on a responsible course for the future, a course of lasting, broadly-shared prosperity.