The Washington Post reports that its most recent joint poll with ABC News found that nearly two-thirds of respondents support a combination of raising taxes and cutting federal spending in order to tackle the deficit. Less than a third of those polled said that the government should cut spending alone More…
Earlier this week, Defense Secretary Robert Gates announced a series of Pentagon spending cuts, designed to trim the military’s budget by $100 billion over five years by slowing the rate of spending growth. Initial criticism, if any, came from deficit hawks who view the cuts as too small, and More…
Mike Allen at Politico reports that President Barack Obama will unveil the Reduce Unnecessary Spending Act of 2010, a presidential check on Congressional bills.
Under this new expedited procedure, the president would submit a package of rescissions shortly after a spending bill is passed. Congress would be required to
Today, an Economist/YouGov poll making the rounds shows that Americans would vastly prefer budget cuts to new taxes — by 62 percent to 5 percent. The poll goes on to ask Americans which government spending programs they would choose to cut: “If government spending is reduced in order to More…
During an interview with MSNBC’s Andrea Mitchell a short time ago, Sen. John McCain’s senior economic adviser, Doug Holtz-Eakin, said a nonpartisan tax analysis found McCain’s tax plan would better promote economic growth than that of Sen. Barack Obama.
“You go to the independent, quote, Tax Policy Center, a group
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