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Tag: federal budget

Capitol building

Major Tax Increases Proposed in Biden’s 2024 Budget

  • March 15, 2023
President Joe Biden submitted his proposed fiscal year 2024 federal budget to Congress on March 9. It contains numerous tax increases that repeatedly failed to clear the House of Representatives and Senate even when these chambers were controlled by Democrats. But the president’s budget submission makes sense if you acknowledge that its primary purpose is as a political messaging document, meant to provide a contrast between his administration and Republicans in advance of the 2024 presidential election.
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Capitol building in the fall

After Surprise Midterms, Leadership Races and Lame Duck Begin

  • November 16, 2022

The 2022 midterm congressional elections certainly did not turn out as many had expected. With President Joe Biden’s approval ratings stuck in mid-40 percentile range, inflation being the top issue for the largest number of voters, and with the president’s party historically losing seats, the conventional wisdom was the Republicans would ride a red wave […]

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Capitol building

Congress Returns, But Focus Will Be on Midterms

  • September 7, 2022

The Senate is back in session this week, and the House of Representatives returns from its summer recess next week. But with the exception of a continuing budget resolution that needs to be passed by both chambers before an Oct. 1 deadline to prevent a government shutdown, the primary focus of both parties will be […]

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Capitol Hill illustration

What’s in the Infrastructure Bill

  • November 17, 2021

Finally, after months of political gamesmanship between progressives and moderates in the Democratic party, the House of Representatives on Nov. 5 passed H.R 3684, the Infrastructure Investment and Jobs Act, which President Joe Biden signed into law this Monday. The Senate passed the bill on Aug. 10, and moderate Democrats in the House had been […]

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U.S. Treasury Department

State and Local Governments Receive Federal Recovery Funds Under Interim Rule

  • August 18, 2021

The federal government has provided additional support for state and local governments in response to the COVID-19 pandemic. President Joe Biden signed the American Rescue Plan Act (ARP) into law on March 11, which established the Coronavirus State and Local Fiscal Recovery Funds. The new federal funds provide $350 billion to support state, local, territorial, […]

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Capitol building

Keep Your Eyes On The Calendar

  • June 16, 2021

In the movie Apollo 13, there is moment when NASA engineers are arguing over what they need to do to save the lives of the astronauts in their capsule, which had been damaged by an explosion. In that scene, NASA engineer John Aaron realizes that the crew will not make it back safely because they […]

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White House

White House Budget Provides Details for Biden Tax Proposals

  • June 2, 2021

Last week, President Joe Biden submitted his proposed fiscal year 2022 budget to Congress, providing lawmakers with additional details regarding the major infrastructure and social spending initiatives comprising his American Jobs Plan and American Families Plan. In times of divided government in Washington, a White House budget is oftentimes described as “dead on arrival” as […]

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Roads and bridges

To Pass the Senate, Biden’s Infrastructure Package Will Need Changes

  • April 7, 2021

Last week in Pittsburgh, President Joe Biden unveiled his long-awaited infrastructure proposal, an approximately $2.3 trillion initiative dubbed the American Jobs Plan. While infrastructure development is traditionally a bipartisan issue, the sheer scope of the plan and the Biden administration’s expansive definition of the term, plus the method adopted to pay for the effort, prompted immediate opposition from the Republican caucus in the Senate.   This, and a […]

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