federal budget Archives - Page 2 of 2

Boehner’s Revenue Reach

February 28, 2013

House Speaker John Boehner claimed the federal government will take in more revenue this year than any other year in history. That’s true in nominal dollars, but not as a percentage of gross domestic product — a measure preferred by most economists that accounts for growth in population, inflation and earnings.
In fact, as a percentage of GDP, revenues this year are actually lower than the historical average since World War II.
In an interview on CBS Evening News on Feb.

Fudging on the Fiscal Cliff Deal

January 4, 2013

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:

Obama boasts that “middle-class families” will not have to “pay upwards of $2,000 more in taxes this year.” That’s accurate for income taxes, but Obama doesn’t mention that the deal allowed a payroll tax cut to expire. About 77 percent of taxpayers will pay more in taxes this year —

Fall Preview: Obama vs. Romney (and Ryan)

April 6, 2012

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 …

Fiscal FactCheck

July 15, 2011

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. …

Misstatement of the Union

February 1, 2006

The President burnishes the State of the Union through selective facts and strategic omissions.