Most of the increase since the mid-1990s in the number of people who owe no income taxes is the result of the child tax credit. This policy was created by Congressional Republicans and expanded with Republicans in the lead.
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Tag Archives: children
Understanding the House Democrats' health care bill
9 June 2009 
218 Comments
Yesterday I posted and described the draft Kennedy-Dodd health care bill. Today I would like to do the same for an outline produced by House Democrats. Here is a three-page outline of “Key Features of the Tri-Committee Health Reform Draft Proposal in the House of Representatives,” dated yesterday (June 8, 2009). The three committees are: […]
Read more Understanding the Kennedy health care bill
8 June 2009 383 Comments
Over the weekend a draft of Senator Kennedy’s (D-MA) health care bill leaked. After playing with Adobe Acrobat, here is the text of the draft Kennedy bill as a text file (173 K), and as a single Acrobat file (3.4 MB). Update: I fixed the broken link to the PDF. Unlike the leaked version, both of […]
Read more Health spending fallacy
27 March 2009 17 Comments
There are two problems driving future deficits: rising health care costs, and the aging of the population. To fix our long-term deficit problem, we need to address both factors, and spending trends in all three programs.
Read more The President's speech on financial markets and the world economy
13 November 2008 Comments Off
President Bush spoke at the Manhattan Institute today on financial markets and the world economy. This speech is a prelude to the financial summit the President will host this weekend. I’ll write separately about the Summit, and about the elements of today’s speech that talk about principles for reform. I want to draw your attention […]
Read moreAddress by President Bush on financial markets
24 September 2008 Comments Off
President Bush gave a major policy address on the State Floor of the White House this evening. THE WHITE HOUSE State Floor 9:01 P.M. EDT THE PRESIDENT: Good evening. This is an extraordinary period for America’s economy. Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand […]
Read moreFood prices & food aid
1 May 2008 Comments Off
The President spoke this afternoon about high food prices and food aid. If you’d like more detail, here’s our “fact sheet.” And if you really want to dive down deep, here is a transcript of a press briefing done by three senior administration officials after the announcement: OMB Deputy Director Steve McMillin, CEA Chairman Ed […]
Read moreEnacting President Bush’s growth proposal
13 February 2008 Comments Off
About three hours ago, the President signed into law H.R. 5140, The Economic Stimulus Act of 2008 , less than four weeks after he first proposed Congressional action. We are enormously pleased with this rapid and bipartisan legislative success. The final bill passed the House 380-34, and the Senate 81-16. Here is a one-page summary […]
Read moreA bipartisan economic booster shot
24 January 2008 Comments Off
Last Friday the President spoke about the need for additional Congressional action on the economy. Outsiders are referring to this as fiscal stimulus. We’ve been calling it a growth package. There’s a lot to say, so I’m going to break this up into three big parts. what the President proposed; why the President proposed it; […]
Read more Health insurance for poor kids
2 October 2007 Comments Off
This past weekend the President signed a short-term extension of a program that finances health insurance for children, called SCHIP: the State Children’s Health Insurance Program. We expect the Congress today will send the President H.R. 976, a bill that reauthorizes SCHIP for five years. The President has said he will veto this bill, and […]
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