Economic Growth In 2013 Just Half Of What The President Said His Policies Would Deliver
In 2009, President Obama predicted his policies would produce 4.2 percent growth in 2013—more than double the actual, anemic growth rate of 1.9 percent. Since making that projection, President Obama has had much of his economic agenda implemented: the $870 billion stimulus bill, Dodd-Frank financial regulations, Obamacare, restrictions on American energy, $1.7 trillion in higher […]
CBO: Interests Costs To Dwarf Virtually Every Federal Expense
The U.S. gross federal debt currently stands at $17.548 trillion, and net interest payments to our creditors are the fastest-growing item in the budget.
Murray Discusses the 21st Century Worker Tax Cut Act on the Senate Floor
(Washington, D.C.) – Today, Senate Budget Committee Chairman Patty Murray (D-WA) delivered remarks on the Senate floor, discussing the 21st Century Worker Tax Cut Act. In her speech, Murray highlighted how policies like the Earned Income Tax Credit have succeeded in helping millions of households lift themselves out of poverty, and noted that too many […]
SENATOR PATTY MURRAY INTRODUCES THE 21st CENTURY WORKER TAX CUT ACT
(Washington, D.C.) – Today, Senate Budget Committee Chairman Patty Murray (D-WA) introduced the 21st Century Worker Tax Cut Act, a bill that would update the tax code to help today’s workers and families keep more of what they earn. Complementing critical reforms like raising the minimum wage, the 21st Century Worker Tax Cut Act would update […]
ICYMI: Chairman Murray Holds Budget Committee Hearing on The Economic and Budget Outlook for Individuals, Families, and Communities
Chairman Patty Murray and the Senate Budget Committee held a hearing on the economic and budget outlook for individuals, families, and communities. At the hearing Murray heard stories from Americans on how decisions made in Congress affect their lives. Chairman Murray highlighted that the recovery isn’t reaching people fast enough, and investments must be made […]
ICYMI: Chairman Murray Holds Senate Budget Committee Hearing on The President’s Fiscal Year 2015 Budget Proposal
Chairman Murray and the Senate Budget Committee held a hearing with Office of Management and Budget Director Sylvia Mathews Burwell to discuss the President’s Fiscal Year 2015 Budget Proposal. Murray explained that the President’s budget is a strong proposal that can build on the two year bipartisan budget agreement. “The President’s budget is a strong […]
ICYMI: Chairman Murray Holds a Hearing on the President’s Fiscal Year 2015 Budget and Revenue Proposals
Chairman Patty Murray (D-WA) and the Senate BudgetCommittee held a hearing with Treasury Secretary Jacob J. Lew to discuss the President’s Fiscal Year 2015 budget and revenue proposals. At the hearing, Lew also answered questions from Murray and members of the committee on the situation in Ukraine. Chairman Murray called for bipartisanship on encouraging economic […]
BUDGET HEARING: Murray Calls for Bipartisanship on Encouraging Economic Growth and Job Creation Through the Tax Code
Washington, D.C—Today, Chairman Patty Murray (D-WA) and the Senate Budget Committee held a hearing on the President’s Fiscal Year 2015 Budget and Revenue Proposals with Treasury Secretary Jacob J. Lew. At the hearing, Murray addressed revenue proposals in the President’s budget and discussed ways to encourage job creation and economic growth through the tax code, […]
SBC Summary And Analysis Of President Obama’s FY 2015 Budget
Spending in 2015 would total $3.901 trillion under the President’s spending policies, an increase of nearly 8 percent ($279 billion) above today’s levels. This is $114 billion more than the OMB baseline, which assumes compliance with the Budget Control Act (BCA) as revised by the Ryan-Murray spending agreement. The President’s budget recommends $1.759 trillion in […]
Sessions Delivers Opening Remarks At Hearing Examining President’s Budget With Secretary Lew
WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, delivered the following prepared remarks today at a Budget Committee hearing on the President’s FY 2015 budget proposal with testimony from Treasury Secretary Jack Lew: “Thank you, Secretary Lew, for appearing before us today. In 2009, the Administration wagered America’s financial future on […]