Debt To Surpass GDP At Record Level Over Next Decade
The Congressional Budget Office Released Its Economic Outlook For The Next Decade And Projected Record High Debt Levels Compared To The Nation’s Gross Domestic Product.
Read more
Congressional Budget Office
Biden’s ‘Build Back Better’ Plan Could Add $3 Trillion To National Debt
President Joe Biden Has Repeatedly Touted That His “Build Back Better” Spending Bill Would Not Add To The National Debt, But The Nonpartisan Congressional Budget Office Analysis Released Friday Countered That Claim.
Read more
Blackburn Demands Answers On Biden Administration’s Attack On State Medicaid Programs
U.S. Senator Marsha Blackburn Sent A Letter Requesting The Congressional Budget Office (CBO) Disclose The Impact Of President Biden’s Federal Overreach On State Medicaid Programs Through The “Build Back Broke” Budget.
Read more
House Passes Democrats’ Social Spending Bill After CBO Score
Congressional Democrats Passed A $1.75 Trillion Social Spending Plan Friday, Putting The Bill’s Fate In The Hands Of A Deeply Divided Senate.
Read more
Blackburn, Hagerty Vote Against $1.2T Infrastructure Bill
The U.S. Senate Passed A $1.2 Trillion Infrastructure Bill Tuesday Despite The Objection Of Both Of Tennessee’s U.S. Senators. The Bill, Which Passed 69-30, Would Add $256 Billion To The Federal Debt, According To The Congressional Budget Office.
Read more
Bipartisan Infrastructure Bill Fails First Vote
The Bipartisan Infrastructure Bill Failed A Procedural Vote In The Senate As Both Sides Look To Go Back The Negotiating Table To Finalize Details.
Read more
House To Consider $250B For Subsidies, Research To Compete With China
The U.S. House Will Consider A Wide-Ranging Bill Aimed At Accelerating American Technological Innovation In An Effort To Keep Pace With China, But Critics Have Raised Concerns About How To Pay For It.
Read more
Progressives Continue Push For $15 Minimum Wage
Progressive Lawmakers And Left-wing Groups That Championed An Effort To Raise The Federal Minimum Wage To $15 Through Budget Reconciliation Aren’t Accepting Defeat.
Read more
Biden Corporate Taxes Will Send Jobs Overseas
Biden has proposed $4 trillion in tax increases on American families and businesses. While Biden touts his tax hike plan as a way to ensure corporations “pay their fair share,” the proposal will harm the U.S. economy at a time that it is recovering from the coronavirus pandemic. These tax hikes will make America a more uncompetitive place to do business, send jobs overseas, trigger a return of corporate inversions, and make it easier for foreign businesses to acquire U.S. companies.
Read more
The ‘Fight For $15’ Myth Returns
$15 isn’t a magical pay rate that fixes poverty. Even the Congressional Budget Office’s latest report suggests a $15/hour minimum wage would lift about 900,000 Americans out of poverty. More importantly, the CBO acknowledges that such a wage mandate would be the root cause of the elimination of about 1.4 million jobs. In short, even if you’re not so hot at math, you can see that it’s not a great tradeoff against any set of circumstances.
Read more