The president’s budget counts on economic growth to reach a balance, but his tax cut plan also relies on that growth to remain revenue-neutral. Tax and budget experts say that’s double-counting the same money.
A pro-Rand Paul super PAC cherry picks two fiscal votes to label Sen. Ted Cruz as a “phony” conservative. In fact, fiscal conservative groups that score congressional votes rank both presidential candidates as among the most conservative in the Senate.
Republicans claim the federal government will “collect more revenue in 2013 than ever before.” But that’s only true in raw dollars, not as a percentage of gross domestic product, which accounts for growth in population, inflation and earnings.
In a Web video, President Barack Obama leaves out some key facts about the fiscal cliff deal, possibly leaving the wrong impression about its impact on taxpayers and the deficit: […]
President Obama says Mitt Romney has embraced a budget that could throw hundreds of thousands of children out of Head Start classrooms, eliminate air traffic control services in some places, and “ultimately end Medicare as we know it.” Romney says that’s just “rhetorical excess” and …
Washington’s spending has recently been higher as a percentage of the nation’s economic output than at any time since World War II. But by the same measure, Washington’s revenues are the lowest in more than 60 years. …