Topic: Center on Budget and Policy Priorities
Top galleries, list articles, quizzes
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Briefing After the 'sequester,' now what?
$85 billion in across-the-board cuts to defense and social programs took effect March 1. The cuts must occur this fiscal year, which ends Sept. 30. Here's how things look.
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Briefing Who are the '47 percent'?
Half don't earn enough to pay federal income taxes; many pay other ways.
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The Paul Ryan budget: 5 go-to sources for understanding it
Looking for in-depth analysis of the Paul Ryan budget plan? D.C. Decoder has compiled a list of excellent sources to help you sort out truth from fiction.
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US tax time: A later deadline and other tax facts
Thanks to a holiday in Washington, D.C., the federal tax-filing deadline this year is April 17, two days later than usual. The extra time provides an opportunity to peruse some random tax-related facts.
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Top 5 states for business
All Content
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Focus Unpacking 'Romneyomics': how Mitt would adjust dials on the US economy
MItt Romney offers a prescription for the ailing US economy that hews to Republican principles. But it also has some unorthodox differences. Well-off Americans could get fewer government benefits and pay more for Medicare.
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Briefing D.C. Decoder 101: How Washington spends your money
There's a lot of talk about cutting the US deficit but very little actual cutting of deficit. One reason? There's not much easy to cut. Decoder explains the six ways Washington spends money.
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Robert Reich Why we have to end the Bush tax cuts and raise taxes on the rich
America has a huge budget deficit hanging over our heads. If the rich don’t pay their fair share, the rest of us have to pay higher taxes — or do without vital public services like Medicare, Medicaid, Pell grants, food stamps, child nutrition, federal aid to education, and more.
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Tax VOX Is the GOP tax reform strategy a fiscal trap?
As a matter of pure tax policy, our tax analyst analyzes the different option on the table. Ideally, Congress should build the best possible tax base and then adjust the rates to meet an agreed-upon revenue target. But in a partisan Congress, few things are 'ideal.'
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US tax time: A later deadline and other tax facts
Thanks to a holiday in Washington, D.C., the federal tax-filing deadline this year is April 17, two days later than usual. The extra time provides an opportunity to peruse some random tax-related facts.
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Tax VOX Will 'Obamacare' add to the deficit?
One study predicts health care reform would add billions to the deficit, while another predicts just the opposite. Which is right?
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Robert Reich The downward mobility of the American middle class.
January’s increase in hiring is good news, but most of the new jobs being created are in the lower-wage sectors of the economy. The middle class, meanwhile, is becoming poorer and poorer.
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Rising child poverty rates could be a 'taste' of what's ahead
A new Census report shows child poverty up since 2007. With many benefits for the poor – such as the Earned Income Tax Credit – expiring at the end of the year, things could get worse.
11/29/2011 07:00 pm -
Absent a super committee, now who'll lean on Congress to cut US deficit?
Global markets or deadlines for extending tax breaks may yet force Congress to try again for a 'grand bargain' to shrink the US deficit. But big action before the 2012 election is unlikely.
11/29/2011 10:33 am -
Deficit super committee fails: Who's to blame?
The members of the super committee tasked with cutting $1.2 trillion from federal budgets announced that it failed to reach a deal. Polls and newspapers chime in on why that happened.
11/21/2011 05:59 pm -
Super committee failure threatens key tax breaks
Super committee deal would have made it easier for Congress to extend temporary tax breaks that are buoying the economy. The likely debacle of the super committee could trim growth by ending those tax breaks.
11/21/2011 09:01 am -
Balanced budget amendment falls 23 votes short in House
The House's bid to pass a balanced budget amendment failed to get the two-thirds majority it needed to proceed. All but four Republicans voted to make federal deficits unconstitutional.
11/18/2011 05:19 pm -
States' bottom line improves, but can the good news last?
States' 2011 budgets are heading in the right direction as tax revenue increases, new indicators report. But with federal support waning and local demand on programs like Medicaid up, will the good news last?
08/23/2011 01:27 pm -
Fewer cops, more potholes: How debt deal could hit states hardest
Federal spending cuts mean fewer dollars will flow to the states for unemployment benefits, education, health care, and other state-run programs. Many states will have to cut services or raise taxes.
08/02/2011 08:09 pm -
Washington deadlocked? States lead in cutting deficits
New Jersey, Ohio, and others have tackled tough budget deficits. They're addressing deficits by cutting spending, not hiking taxes, and looking at the long term.
07/29/2011 12:45 pm -
GOP intensifies push for a balanced budget amendment. Why now?
Republicans in Congress want a vote on a balanced budget amendment to the US Constitution by mid-July. It would precede any vote to raise the national debt limit.
06/29/2011 08:24 pm -
Top 5 states for business
The economy may be looking better for some states this year, but budget woes are a challenge from east to west. In its fifth annual ranking of America’s Top States for Business, CNBC for the first time took into account state budget gaps among the 43 metrics that go into its rankings. That made for some interesting changes this year, with last year's Nos. 1, 3, and 5 states falling while other states climbed in rank. Here are the Top 5 states for business:
06/28/2011 07:48 pm -
White House insists taxes must be part of the debt and deficit solution
As debt talks shift to Obama, GOP Speaker John Boehner, and Democratic Senate leader Harry Reid, taxes remain the logjam. No one wants to be seen as giving ground on that issue too quickly.
06/27/2011 08:16 pm -
Tax VOX Should everybody pay income taxes?
A broad swath of Americans don't pay taxes. Do they have 'skin in the game' in America's success?
06/26/2011 03:00 pm -
Many industries reap tax breaks. Is picking on Big Oil unfair?
The oil industry is under fire from congressional Democrats for reaping big tax breaks even while amassing huge profits. Executives from major oil companies testified Thursday on Capitol Hill.
05/12/2011 08:03 pm -
Robert Reich The Republican plan with lipstick
Republicans have disguised a plan to reduce the deficit with caps and procedures
05/02/2011 05:32 pm -
Budget stalemate: Why America won't raise taxes
Budget stalemate has many on Capitol Hill crunching numbers. With any new budget, taxes may be the real third rail of politics. Can the U.S. solve its fiscal woes without more revenue?
04/07/2011 09:59 am -
Ohio poised to limit collective bargaining. Will such moves save money?
The Ohio House passed collective-bargaining legislation on Wednesday, and the bill heads back to the Senate for another vote. Gov. John Kasich promises to sign the bill into law.
03/30/2011 10:53 pm -
Did Wisconsin Senate choose nuclear option in collective-bargaining fight?
Republicans in the Wisconsin Senate vote to strip key public-sector unions of collective bargaining rights, despite the fact that no Democrats were present. The vote is a bid to protect core budget cuts to public-employee benefits, Republicans say. But is that necessary?
03/09/2011 09:44 pm -
Slightest signs of compromise emerge in Wisconsin labor fight
The warring factions could be taking note of voter restlessness over the long standoff between the governor and Wisconsin's state workers – or they could simply be wearing down. Either way, hint of compromise is in the air.
03/04/2011 08:06 pm
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