In Case You Missed It...

Camp: Tax Plan Aims for 25% Cap

March 17, 2011 — In Case You Missed It...

The chairman of the House Ways and Means Committee wants to cut the top U.S. tax rate to 25% for individuals and corporations, and cut or eliminate many popular deductions.The odds of quick action appear slender. But the move, from Rep. Dave Camp (R., Mich.), is significant as a marker in what will likely be a multiyear debate over revamping the tax code. The plan ...

Krauthammer: Et tu, Jack Lew?

March 11, 2011 — In Case You Missed It...

Everyone knows that the U.S. budget is being devoured by entitlements. Everyone also knows that of the Big Three - Medicare, Medicaid and Social Security - Social Security is the most solvable.Back-of-an-envelope solvable: Raise the retirement age, tweak the indexing formula (from wage inflation to price inflation) and means-test so that Warren Buffett's check gets ...

The Trade Equivocator

March 08, 2011 — In Case You Missed It...

Pennsylvania Senator Pat Toomey stopped by our offices Monday, and along the way he had a question: Why won't President Obama go for a quick and relatively easy bipartisan victory by moving the trade deals with Colombia, Panama and South Korea through Congress?We'll get to our answer in a moment, but Mr. Toomey isn't the only one asking. Late last ...

The Hill: Number of healthcare reform law waivers climbs above 1,000

March 07, 2011 — In Case You Missed It...

In case you missed it, please see the article from The Hill detailing evidence from the Administration that it has granted more than 1,000 waivers from various portions of the Democrats’ health care law.  Of particular interest is that the title on the Department of Health and Human Services (HHS) website that describes those who have received the waivers -- “

The Hill: Crunching the numbers on 1099 repeal

March 03, 2011 — In Case You Missed It...

For all the partisan fighting about the House Republican proposal to pay for repealing 1099, the GOP proposal is very similar to the one Democrats supported and approved last year.In last year's healthcare law, Democrats themselves proposed a system that offers subsidies to people for buying healthcare, and then allows overpaid subsidies to be recaptured based on how much a ...

Fact Check: Democrats Deny Social Security’s Red Ink

February 28, 2011 — In Case You Missed It...

SummarySome senior Democrats are claiming that Social Security does not contribute "one penny" to the federal deficit. That’s not true. The fact is, the federal government had to borrow $37 billion last year to finance Social Security, and will need to borrow more this year. The red ink is ...

AP: Medicare official doubts health care law savings

January 26, 2011 — In Case You Missed It...

WASHINGTON – Two of the central promises of President Barack Obama's health care overhaul law are unlikely to be fulfilled, Medicare's independent economic expert told Congress on Wednesday.The landmark legislation probably won't hold costs down, and it won't let everybody keep their current health insurance if they like it, Chief Actuary Richard Foster told the House ...

Obama’s Free Trade Opportunity

January 24, 2011 — In Case You Missed It...

Much has been written about Bill Daley's selection as White House chief of staff, a position sometimes called "Chief Javelin Catcher" (a title whose accuracy one of us strongly affirms). Most agree that Mr. Daley is the perfect choice to help President Obama set a new tone for his presidency. He is a moderate, strongly rooted in Democratic principles and politics. ...

Dave Camp’s plan: Taxes made simple

December 23, 2010 — In Case You Missed It...

Many parents have heard FICA Screams. Indignant children, holding in trembling hands their first paychecks, demand to know what FICA is and why it is feasting on their pay.FICA (the Federal Insurance Contributions Act tax) is government compassion, expressed numerically: It is the welfare state; it funds Social Security and Medicare. Sometimes it makes young people ...

Washington Post Editorial: Losing out in Latin America

December 21, 2010 — In Case You Missed It...

At last, the Obama administration has cut a deal with South Korea, paving the way for congressional approval of a long-stalled free-trade agreement with that crucial Asian ally. Now, what about Colombia and Panama? Alas, the administration's answer still appears to be "not yet." White House spokesman Robert Gibbs announced Friday that the president would not be submitting the Colombia or ...