Federal Relations

FY14 Budget Release Today

President Obama will release his FY14 budget request today. Early reports indicate that the budget will focus on “education and infrastructure” issues, propose new taxes on the wealthy, and reduce the costs of Social Security and Medicare. We will report more details after the release.

Senate Approves Budget, Begins Two-Week Recess

Early this morning, the Senate passed its first budget in four years by a vote of 50 to 49 after a marathon session that began Friday morning and included 562 filed amendments. The Senate approved a budget resolution that relies heavily on $975 billion in new tax revenue to stabilize the growth of the national

Sequestration: The Bottom Line

While it may seem that the White House has been more focused gun control and immigration over the past several weeks, President Obama is expected to make the economy his central theme and renew his call to avoid sequestration when he delivers his State of the Union tonight. There are just 17 days until the

Another Short Term Sequestration Fix?

Senate Democrats plan to announce a short-term sequester replacement bill this week aimed at combining alternative spending cuts and new tax revenue to avert $85 billion in automatic spending reductions scheduled to begin taking effect March 1st. Republicans, who adamantly oppose any use of tax revenue to replace the sequester, are not part of the

Bill Introduced to Protect NIH from Sequestration

Today, Congressman Jim McDermott (D-WA) joined his colleagues to introduce a bill to stop the across-the-board budget cuts scheduled for March 1st with a balance of increased revenue and sensible investments. The Balancing Act will halt impending automatic federal budget cuts, known as “sequester,” which would threaten important national investments like those in medical research—a

Obama Calls for Balanced Approach to Deficit Reduction

Today President Obama called on lawmakers to quickly pass a package of limited spending cuts and tax changes that can head off the automatic, across-the-board reductions — or sequester — that are set to take effect on March 1st. Obama will acknowledge that a broader budget agreement is unlikely to be reached by next month’s

Tax Reform in 2013?

Tax reform has been discussed as a probable agenda item for Congress to tackle this year.  But with the recent deal to increase tax rates for higher earners and making certain tax breaks permanent, there now seems to be waning interest in a comprehensive rewrite of our nation’s tax system.  There are several reasons why:

White House White Board on Tax Deal

For those of you who love to “white board” ideas, this video is for you!  In this new White House White Board, Brian Deese, the Deputy Director of the National Economic Council, explains what the new agreement to extend tax cuts for the middle class means for the economy and how it meets our Nation’s

Today in Congress

Yesterday marked the first day of the 113th Congress. For the 84 freshmen members, including Suzan DelBene (D-1st), Derek Kilmer (D-6th), and Denny Heck (D-10th), the real work starts (even though DelBene is a 6-week veteran as she filled the remaining term in Jay Inslee’s old seat). They join Congress at a time when the

Fiscal Cliff Averted

Early this morning, the Senate rang in the New Year by approving legislation to avert the economic impacts of the fiscal cliff. The bipartisan agreement makes changes to tax policy by allowing for the first income tax rate increase in nearly two decades and also delays the sequester by offering $24 billion in other spending

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