Economy & Budget

Extending tax cuts would help stabilize the economy (Rep. J. Gresham Barrett)

For months, American families and small businesses have been struggling to survive. High unemployment rates and lack of economic growth have hampered our nation's financial recovery. At a time when so many Americans are struggling to find work, I believe our government should be making tough spending decisions and finding ways to decrease the economic uncertainty currently facing our country.

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The Big Question: Would tax breaks for the rich hurt the U.S.?

Some of the nation's top political commentators, legislators and intellectuals offer insight into the biggest question burning up the blogosphere today.

Today's question:

Would allowing the Bush tax cuts to expire only for the rich help or hurt the economy?

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President Obama: Reducing the deficit won't be easy

Good afternoon, everybody.  It is good to be back in Ohio. You know, in the fall of 2008, one of the last rallies of my presidential campaign was right here in the Cleveland area.  It was a hopeful time, just two days before the election.  And we knew that if we pulled it off, we’d finally have the chance to tackle some big and difficult challenges that had been facing this country for a very long time.

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Why U.S. companies should get involved in Chinese markets

No one can deny the significant opportunities that exist in the Chinese market. With average growth rate of 10% in the past 30 years, China, the world’s fastest growing major economy has just surpassed Japan as the world’s second largest economy.

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Putting small business first (Rep. Chris Van Hollen)

Small businesses are the engine of our economy.  They employ half of all private sector workers and have been responsible for nearly two-thirds of net job creation over the past fifteen years.  Last week’s jobs report was an encouraging sign, as we gained private sector jobs for the eighth straight month. But more needs to be done to keep the economy moving in the right direction after years of Bush administration policies that severely weakened our economy and cost us millions of jobs here at home. That is why the Senate’s first order of business when Congress reconvenes should be overcoming Republican resistance and sending the Small Business Jobs and Credit Act to President Obama’s desk.

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The Big Question: Is Obama's infrastructure plan a good idea?

Some of the nation's top political commentators, legislators and intellectuals offer insight into the biggest questions burning up the blogosphere today.



Today's question:

Is President Obama's $50 billion infrastructure plan a good idea? Why or why not?

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Simpson is right on agent orange

White House fiscal commission member Sen. Alan Simpson is drawing fire from veterans groups for objecting to the Obama administration decision to expand Agent Orange benefits to Vietnam vets. Simpson is right and the vets wrong.

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Cutting veteran benefits is not the way to cut the deficit (Rep. John Hall)

This week Mr. Simpson blamed disabled veterans for adding to our nation's budget deficit. His comments came just days after a Veterans Administration announcement that it is expanding eligibility for disability compensation to veterans suffering from three diseases associated with exposure to Agent Orange, correcting a long running injustice.

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