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Raising Threshold for Bush Tax Cuts from $250000 to $1
820 First Street NE, Suite 510 Washington, DC 20002 Tel: 202-408-1080 Fax: 202-408-1056 [email protected] www.cbpp.org May 30, 2012 JOINT TAX COMMITTEE: RAISING THRESHOLD FOR BUSH TAX CUTS FROM $250,000 TO $1 MILLION WOULD LOSE $366 BILLION — NEARLY HALF THE REVENUE Revenue Loss Would Worsen Deficits and Increase Threats to Low-Income and Other Programs By Chuck Marr and Chye-Ching Huang House Minority Leader Nancy Pelosi’s proposal Raising Threshold for Extending to extend President Bush’s income tax cuts for Bush Tax Cuts Would Cost $366 Billion households making up to $1 million a year would Over First Decade lose nearly half of the revenue that President Obama’s proposal to extend the tax cuts only for households making up to $250,000 would raise, according to new estimates from Congress’ Joint Committee on Taxation (JCT). The higher threshold would raise 44 percent — or $366 billion — less in revenue over the coming decade than the lower threshold. Citizens for Tax Justice has released estimates showing a virtually identical percentage revenue loss. This means that policymakers ultimately would need to find $366 billion more in deficit savings to offset the cost. That would make key programs ranging from Medicare to Medicaid and other low-income programs to education, basic research, food safety, defense, and homeland security significantly more vulnerable to deep cuts. *Excludes additional savings from reduced interest on the The Obama proposal to extend income tax cuts debt. Savings exclude any reductions in estate tax cuts. only for those with incomes up to $250,000 would Source: Joint Committee on Taxation achieve $829 billion in much-needed deficit reduction over the next ten years, according to JCT (and $965 billion in total deficit reduction when debt-service savings are included). -
The Bush Tax Cuts and the Economy
The Bush Tax Cuts and the Economy Thomas L. Hungerford Specialist in Public Finance December 10, 2010 Congressional Research Service 7-5700 www.crs.gov R41393 CRS Report for Congress Prepared for Members and Committees of Congress The Bush Tax Cuts and the Economy Summary A series of tax cuts were enacted early in the George W. Bush Administration by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA; P.L. 107-16) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA; P.L. 108-27). These tax cuts, which are collectively known as the Bush tax cuts, are scheduled to expire at the end of 2010. Beginning in 2011, many of the individual income tax parameters (such as tax rates) will revert back to 2000 levels. The major tax provisions in EGTRRA and JGTRRA that are part of the current debate over the Bush tax cuts are the reduced tax rates, the reduction of the marriage penalty (and increase in the marriage bonus), the repeal of the personal exemption phaseout and the limitation on itemized deductions, the reduced tax rates on long-term capital gains and qualified dividends, and expanded tax credits. This report examines the Bush tax cuts within the context of the current and long-term economic environment. The U.S. economy entered into a recession in December 2007. Between the fourth quarter of 2007 and the second quarter of 2009, the economy shrank with real gross domestic product (GDP) falling by 4.1%. The unemployment rate increased from 4.9% in December 2007 to 10.1% by October 2009, and is currently still over 9%. -
USAF Counterproliferation Center CPC Outreach Journal #725
USAF COUNTERPROLIFERATION CENTER CPC OUTREACH JOURNAL Maxwell AFB, Alabama Issue No. 725, 30 June 2009 Articles & Other Documents: Russia, U.S. to Sign Military Cooperation Deal during U.S. SouthCom Head Warns of Iranian Influence in Obama Trip Region Defence Black Hole 'May Finish Trident' West Hopes for Restart of Multilateral Talks with Iran on Nuke Issue Soon: Solana £20billlion Plan to Replace Britain's Nuclear Missile Ahmadinejad Role Downplayed System Faces the Axe US-Russia Report on Scrapping Nuclear Weapons to Be Britain Gets Ready for Cyber-War Unveiled Mullen "Encouraged" by Progress in START New Cyber-Security Unit for GCHQ, Young Ex-hackers Negotiations to be Staff S. Korea to Bolster Assets against N. Korean Nuclear, U.S. and Russia Differ On a Treaty for Cyberspace Missile Threats N. Korea yet to Change Behavior despite Pressure: U.S. Documents Back Saudi Link to Extremists Official N. Korea Threatens to Shoot Down Japanese Obama Officials Fight Saudi-Qaida-9/11 Revelation Surveillance Planes Uranium Gives N Korea Second Way to Make Bombs N. Africa Qaeda Says it shot American in Mauritania DPRK's Nuclear Weapons Not to Threaten Others: Turks Increasingly Turn to Islamic Extremism Newspaper South Korea Getting U.S. Missiles to Boost Defences: Nuclear Hide and Seek Report N Korea Criticizes US Missile Defense for Hawaii Our Decaying Nuclear Deterrent N. Korea Enriching Uranium as Leader's Health May be Target: Hawaii Relapsing: S. Korea Welcome to the CPC Outreach Journal. As part of USAF Counterproliferation Center’s mission to counter weapons of mass destruction through education and research, we’re providing our government and civilian community a source for timely counterproliferation information. -
DONNA LEINWAND: (Sounds Gavel.) Good Afternoon and Welcome to the National Press Club. My Name Is Donna Leinwand. I'm a Repor
NATIONAL PRESS CLUB LUNCHEON WITH JEFF IDELSON SUBJECT: JEFF IDELSON, PRESIDENT OF THE NATIONAL BASEBALL HALL OF FAME, IS SCHEDULED TO SPEAK AT A NATIONAL PRESS CLUB LUNCHEON MAY 11. HALL OF FAME THIRD BASEMAN BROOKS ROBINSON WILL BE A SPECIAL GUEST. MODERATOR: DONNA LEINWAND, PRESIDENT, NATIONAL PRESS CLUB LOCATION: NATIONAL PRESS CLUB BALLROOM, WASHINGTON, D.C. TIME: 1:00 P.M. EDT DATE: MONDAY, MAY 11, 2009 (C) COPYRIGHT 2009, NATIONAL PRESS CLUB, 529 14TH STREET, WASHINGTON, DC - 20045, USA. ALL RIGHTS RESERVED. ANY REPRODUCTION, REDISTRIBUTION OR RETRANSMISSION IS EXPRESSLY PROHIBITED. UNAUTHORIZED REPRODUCTION, REDISTRIBUTION OR RETRANSMISSION CONSTITUTES A MISAPPROPRIATION UNDER APPLICABLE UNFAIR COMPETITION LAW, AND THE NATIONAL PRESS CLUB. RESERVES THE RIGHT TO PURSUE ALL REMEDIES AVAILABLE TO IT IN RESPECT TO SUCH MISAPPROPRIATION. FOR INFORMATION ON BECOMING A MEMBER OF THE NATIONAL PRESS CLUB, PLEASE CALL 202-662-7505. DONNA LEINWAND: (Sounds gavel.) Good afternoon and welcome to the National Press Club. My name is Donna Leinwand. I’m a reporter at USA Today and I’m president of the National Press Club. We’re the world’s leading professional organization for journalists and are committed to a future of journalism by providing informative programming, journalism education and fostering a free press worldwide. For more information about the National Press Club, please visit our website at www.press.org. On behalf of our 3,500 members worldwide, I’d like to welcome our speaker and our guests in the audience today. I’d also like to welcome those of you who are watching us on C-Span. We’re looking forward to today’s speech, and afterwards, I’ll ask as many questions from the audience as time permits. -
Testimony to the Joint Economic Committee Hearing on “How The
Testimony to the Joint Economic Committee hearing on “How the Taxation of Labor and Transfer Payments Affect Growth and Employment,” Wednesday, May 16, 2pm (embargoed until the hearing begins). Submitted by Simon Johnson, Ronald Kurtz Professor of Entrepreneurship, MIT Sloan School of Management; Senior Fellow, Peterson Institute for International Economics; co-founder of http://BaselineScenario.com; member of the CBO’s Panel of Economic Advisers; and member of the FDIC’s Systemic Resolution Advisory Committee.1 A. Main Points 1) The US faces a serious medium-term budget deficit problem – realistic forecasts show a rising trajectory for US government debt over the next two decades. 2) The primary drivers of the large increase in public debt over the past decade were: the George W. Bush-era tax cuts; wars in Iraq and Afghanistan; Medicare Part D; and the financial crisis that began in the fall of 2008. This is the sixth surge in national debt in US history; the previous 5 surges were all caused by war (see Chapters 1 and 2 in White House Burning by Simon Johnson and James Kwak, on the history of U.S. national debt). 3) The current nature of our financial sector generates system risk that has negative macroeconomic implications in the United States, including for our public finances. a. To assess just the fiscal impact of the recent finance-induced recession, consider changes in the CBO’s baseline projections over time. In January 2008, the CBO projected that total government debt in private hands—the best measure of what the government owes—would fall to $5.1 trillion by 2018 (23% of GDP). -
9/11 Families for a Safe & Strong America Www
9/11 Families for a Safe & Strong America www.911familiesforamerica.org The Honorable Tom Coburn, M.D United States Senate February 9, 2012 Dear Senator Coburn: As family members of the victims of the September 11, 2001 attacks, we are deeply disappointed with your decision to put a procedural hold on the National September 11 Memorial & Museum Act of 2011 (S.1537), effectively killing the proposed legislation that would provide federal funding to this vital organization. We understand that over the years you have consistently taken such action on so-called earmarks which are not accompanied by budget off-sets. We sincerely appreciate and share your concern about the country's alarming debt problem and agree that our children and grandchildren shouldn't have to foot the bill for the spending we engage in today. However, the 9/11 memorial and museum is not a local extravagance aimed at benefiting a few today at the expense of the many tomorrow. The attacks of September 11, 2001 may have centered in New York, Virginia and Pennsylvania, but they were experienced by all Americans and were viewed as an attack on the entire country. The 9/11 memorial and museum is a national project which will tell the comprehensive story of 9/11 and commemorate the victims of the three attack sites, as well as the victims of the 1993 World Trade Center bombing. Those of us who lost loved ones on 9/11 feel an urgent duty to our children, grandchildren and future generations to preserve the history of that day, to faithfully convey the catastrophic nature and emotional impact of the attacks--witnessed in real time--on the nation and the world. -
Thomas Byrne Edsall Papers
http://oac.cdlib.org/findaid/ark:/13030/kt4d5nd2zb No online items Inventory of the Thomas Byrne Edsall papers Finding aid prepared by Aparna Mukherjee Hoover Institution Library and Archives © 2015 434 Galvez Mall Stanford University Stanford, CA 94305-6003 [email protected] URL: http://www.hoover.org/library-and-archives Inventory of the Thomas Byrne 88024 1 Edsall papers Title: Thomas Byrne Edsall papers Date (inclusive): 1965-2014 Collection Number: 88024 Contributing Institution: Hoover Institution Library and Archives Language of Material: English Physical Description: 259 manuscript boxes, 8 oversize boxes.(113.0 Linear Feet) Abstract: Writings, correspondence, notes, memoranda, poll data, statistics, printed matter, and photographs relating to American politics during the presidential administration of Ronald Reagan, especially with regard to campaign contributions and effects on income distribution; and to the gubernatorial administration of Michael Dukakis in Massachusetts, especially with regard to state economic policy, and the campaign of Michael Dukakis as the Democratic candidate for president of the United States in 1988; and to social conditions in the United States. Creator: Edsall, Thomas Byrne Hoover Institution Library & Archives Access The collection is open for research; materials must be requested at least two business days in advance of intended use. Publication Rights For copyright status, please contact the Hoover Institution Library & Archives. Acquisition Information Acquired by the Hoover -
Recent Reactions WHAT’S INSIDE DETOUR to Religious Debate a Look Into the Soul-Search- Ing Memoir Eat Pray Love Collection of Facts and Opinions Regarding the
Vol. 88 Issue 5 September 9, 2010 Recent reactions WHAT’S INSIDE DETOUR to religious debate A look into the soul-search- ing memoir Eat Pray Love Collection of facts and opinions regarding the ........................................4 constructions of the Islamic community center near ground zero. OPINION See RESPONSES, page 3 How to tell he is not that into you ........................................6 SPORTS Wrestling program receives second wind ........................................8 dailytitan.com The Student Voice of California State University, Fullerton TOLERANCE IN QUESTION Controversy raised regarding the construction of an Islamic community center as the ninth anniversary of the Sept. 11 attacks approaches Islamic holy day Tension escalates over building of center smoking, sex, alcohol, etc. It ALYSSA WEJEBE was previously called Cordoba House in hon- ing the cultural center, said in an Op-Ed for the Muslims impose dis- teaches you patience and helps Staff Writer or of the city that was ruled by Muslims from New York Times that the construction of the you understand the pain that the eighth to 13th centuries. Now it is named community center would continue. cipline, seek spiritual those who are less fortunate Park51, after the project’s location two blocks “Our broader mission — to strengthen rela- reflection may have to endure.” The United States has been embroiled in a from the old World Trade Center. tions between the Western and Muslim worlds Amiwala attends her mosque controversial debate over plans to build an Is- Imam Feisal Abdul Rauf, the leader advocat- and to help counter radical ideology — lies not ALLY BORDAS in Corona on a daily basis. -
Barbecue of the Vanities
UCLA UCLA Women's Law Journal Title Barbecue of the Vanities Permalink https://escholarship.org/uc/item/8d4789h6 Journal UCLA Women's Law Journal, 10(1) Author Anonymous, Anonymous Publication Date 1999 DOI 10.5070/L3101017718 Peer reviewed eScholarship.org Powered by the California Digital Library University of California ESSAYS BARBECUE OF THE VANITIES Anonymous* IT WAS AGAIN GETTING CLOSE TO BUDGET COMMITTEE SEA- son, and the law school gossip-mill was awash in rumors concern- ing which guys would be appointed in the annual Chairs sweep- -stakes. The betting money was on, and the game players were out covering their bases. The leading Alpha-male strategists had been avidly funneling tons of self-promoting information, through rumor and back channels, in the hallways, in the lounge, at lunch, and through buddies and stooges on the Committee. Rumor had it that what counted were frequent law review and newspaper citations (the Who factors); a top spot on at least one Lighter ranking list (the Lighter factor); teaching awards re- ceived, the number of students in advanced courses, the number of casebooks, treatises, and study-aids sold, conferences at- tended, bar review courses given, bar lectures given, consultant appointments, meetings and telephone calls with attorneys to dis- cuss legal issues (the Stratosphere factors); time spent abroad, building a house, participation in car shows, and frequenting the Broken Spoke (the Hans Christian factors). Professor Sally Certifiable (also known as "Sally No-Smile") was now in her twenty-fourth or twenty-fifth year of teaching. From her office, exiled in the law school's designated loony-ward, she watched helplessly as her male colleagues went through their annual preening and puffery routines, positioning themselves for a CHAIR appointment. -
The Value of Claiming Torture: an Analysis of Al-Qaeda's Tactical Lawfare Strategy and Efforts to Fight Back, 43 Case W
Case Western Reserve Journal of International Law Volume 43 | Issue 1 2010 The alueV of Claiming Torture: An Analysis of Al- Qaeda's Tactical Lawfare Strategy and Efforts to Fight Back Michael J. Lebowitz Follow this and additional works at: https://scholarlycommons.law.case.edu/jil Part of the International Law Commons Recommended Citation Michael J. Lebowitz, The Value of Claiming Torture: An Analysis of Al-Qaeda's Tactical Lawfare Strategy and Efforts to Fight Back, 43 Case W. Res. J. Int'l L. 357 (2010) Available at: https://scholarlycommons.law.case.edu/jil/vol43/iss1/22 This Article is brought to you for free and open access by the Student Journals at Case Western Reserve University School of Law Scholarly Commons. It has been accepted for inclusion in Case Western Reserve Journal of International Law by an authorized administrator of Case Western Reserve University School of Law Scholarly Commons. File: Lebowitz 2 Created on: 1/9/2011 9:48:00 PM Last Printed: 4/5/2011 8:09:00 PM THE VALUE OF CLAIMING TORTURE: AN ANALYSIS OF AL-QAEDA’S TACTICAL LAWFARE STRATEGY AND EFFORTS TO FIGHT BACK Michael J. Lebowitz* I. INTRODUCTION ..................................................................................... 357 II. CLAIMING TORTURE TO SHAPE THE BATTLEFIELD .............................. 361 A. Tactical Lawfare ........................................................................... 362 B. Faux Torture ................................................................................. 364 C. The Torture Benchmark ............................................................... -
Interview with Joe Klein of the New Yorker in New York City July 5, 2000
Administration of William J. Clinton, 2000 / Oct. 10 Interview With Joe Klein of the New Yorker in New York City July 5, 2000 President’s Historical Perspective Mr. Klein. This happened too slowly for—— Mr. Klein. Do you essentially agree with my The President. But it happened over a long sense that you had—that the big issue has been period of time. Then, there was the trans- moving from the industrial age to the informa- formation from the—you know, it happened tion age, and that—I mean, the toughest over a long period of time as we slowly became thing—— a balanced society. But then, when we burst The President. Yes. The short answer to that onto the world scene as a major national indus- is yes. trial power, that process was basically defined Mr. Klein. ——to explain to people is, you by Theodore Roosevelt and Woodrow Wilson. take something like—how can being in favor And I sort of saw this period in parallel with of affirmative action and being in favor of wel- that. fare reform be part of the same vision? How The rest of the 20th century was mostly about can being in favor of free trade and being in dealing with the rise of—first, the Great De- favor of universal health insurance be part of pression; then the war and the need to defeat the same vision? There are people on the right totalitarian systems, which was part of the war or the left who would say, ‘‘You can’t do that.’’ and the cold war; and dealing with the specific And yet, I think that they are part of the same challenges at home, principally civil rights, the vision. -
Current Social Issues Reflected in the Characters of Sabaa Tahir's an Amber in the Ashes Series
SLEZSKA UNIVERZITA V OPAVE Filozoficko-přírodovědecká fakulta v Opavě Mgr. Silvie Novotná Obor: Angličtina pro školskou praxi Current Social Issues Reflected in the Characters of Sabaa Tahir's An Amber in the Ashes Series Bakalářská práce Opava 2021 Vedoucí práce: Mgr. Radek Glabazňa, Ph.D., M.A. Abstract This bachelor thesis will focus on the first three books of the planned tetralogy An Ember in the Ashes written by Sabaa Tahir. The aim of this work is to analyze how the current social issues are reflected in the characters of the books. Firstly, the author and her work will be introduced. Secondly, the main social issues that appear in the books will be identified. Lastly, the way these problems are reflected in the behavior of the characters and how they are subsequently addressed will be examined. Keywords: Sabaa Tahir, Young Adult literature, social issues, fantastical dystopian novel, discrimination, oppression, suppression of civil rights, regime brutality, violence, abuse, imprisonment, slavery, crimes against humanity. Abstrakt Tato bakalářská práce se bude zabývat prvními třemi knihami z plánované tetralogie An Ember in the Ashes spisovatelky Sabyy Tahirové. Cílem práce bude analyzovat, jak jsou prostřednictvím vybraných postav reflektovány současné společenské problémy. Nejprve bude krátce představena autorka a její dílo, následně pak budou identifikovány základní společenské problémy, které se v knihách objevují. Nakonec bude zkoumán způsob, jak se tyto problémy odrážejí v chování jednotlivých postav a jak se s nimi postavy vypořádávají. Klíčová slova: Sabaa Tahirová, literatura pro mládež, společenské problémy, fantastický dystopický román, diskriminace, útlak, potlačování občanských práv, brutalita režimu, násilí, zneužívání, věznění, otroctví, zločiny proti lidskosti.