February 13, 2012 |
Republicans on the Hill are scoffing at President Obama's budget, saying it's riddled with gimmicks and “fiscal fairy dust” that hide tax increases and inflate the amount of deficit reduction. The White House says the plan announced Monday achieves more than $4 trillion in deficit reduction over the next decade, through a combination of tax increases, Medicare cuts and a winding down of the war in Iraq and Afghanistan. But Republicans quickly dismissed the notion that money not spent on the wars should be counted as savings.
CALIFORNIA | LOCAL
March 5, 2010
Big changes to the budget California lawmakers approved midyear budget changes to address roughly $4 billion of the state's estimated $20-billion deficit. Among them: $1.1 billion Divert gas taxes from mass transit to reduce deficit. $811 million Cut prison healthcare budget. $580 million Cut 5% of state payroll and related costs. $60 million Cut 3% of funds for centers for the developmentally disabled. $182 million Commute sentences of illegal immigrant inmates and turn them over to the federal government.
March 20, 2013 |
WASHINGTON - Think of it as what could have been: Alternative visions of the federal budget from progressives, conservatives and other rank-and-file lawmakers that have little chance of passing but offer another view of priorities. As House Republicans prepared Wednesday to pass their 10-year austerity budget plan from Rep. Paul D. Ryan (R-Wis.), the chamber first dispatched with alternative proposals. The Congressional Progressive Caucus offered a plan that would increase income taxes on millionaires to 45% - and billionaires to 49% - while paying for infrastructure programs and more money to the states to hire schoolteachers, cops and firefighters.
April 24, 2013 |
WASHINGTON -- The Senate voted overwhelmingly Wednesday to approve President Obama's nominee for top White House budget expert, bringing a woman into a top post in an administration that critics say has been dominated by men. Sylvia Mathews Burwell was confirmed as director of the Office of Management and Budget by a vote of 96-0, a quick, bipartisan vote of support by a Senate that has strongly objected to several key White House nominations, including...
CALIFORNIA | LOCAL
April 3, 2013 |
Eric Garcetti dismissed a new proposal by Los Angeles mayoral rival Wendy Greuel to cut office budgets for City Council members and the mayor by 25%, saying such a reduction was inconsequential given the size of Los Angeles' deficit problem. “That's a drop in the bucket,” Garcetti told reporters after a campaign event at a community center in Echo Park. “What we have to be doing is not only leading by example, as we've done, but we need to look at pension reform, healthcare reform, those things that really give us bang for the buck, and most importantly, growing the economy.
March 13, 2013
New budget proposals this week from influential members of the House Republican and Senate Democratic leadership are the stuff of political caricatures. House Budget Committee Chairman Paul D. Ryan (R-Wis.), last year's Republican nominee for vice president, reprised the spending-cut talking points from his failed campaign with little change and no apparent irony. Senate Budget Committee Chairwoman Patty Murray (D-Wash.), meanwhile, offered the outlines of a budget that increases taxes and spending, while doing little more than buying time on the entitlement programs at the heart of Washington's long-term problems.