BPC Blog

President Obama proposes a significant expansion of the Earned Income Tax Credit for childless workers

President Obama released his Fiscal Year 2015 budget on Tuesday. As we said in our earlier statement, the Bipartisan Policy Center believes that from a fiscal standpoint, this budget essentially constitutes a holding pattern.

Failure to reach a compromise on Medicare reform has placed significant pressure on domestic discretionary spending

On Tuesday, President Obama released his proposed federal budget for Fiscal Year 2015. Unsurprisingly, with a divided Congress and mid-term elections in the offing, there is not much in the way of new initiatives to signal a shift in the status quo of partisan gridlock over reform of the Medicare program.

The budget request includes a modest increase in funding for the agencies that implement immigration policy, totaling about $500 million

On Tuesday, the Office of Management and Budget released the president’s Budget for Fiscal Year 2015. Notably, the proposal’s projected costs and savings include estimates of the fiscal impact of immigration reform, which presupposes passage of immigration reform this year.

Last month, Senator Mary Landrieu (D- LA) became the chair of the Senate Committee on Energy and Natural Resources. The committee’s jurisdiction spans the gamut of key issues, including national energy policy, international energy affairs, emergency preparedness, nuclear waste policy, privatization of federal assets and territorial policy among others.

A monthly roundup of events featuring Bipartisan Policy Center founders, senior fellows, project leaders and staff

Wednesday, March 5 and Thursday, March 6
Who: Lisel Loy, Director of the Nutrition and Physical Activity Initiative
What: Lisel Loy will be speaking at the CafeWell Health Optimization Leadership Summit in Denver, Colorado.

Common Core is not a curriculum, nor does it dictate exactly what children will learn

As governors we were concerned that the next step in what appeared to be the federalization of education policy was federal standards. While we shared concerns about American academic competitiveness, as governors, we knew our constituents would not want the federal government deciding what their children learned. Thus, Common Core was born.

The proposal, like the Domenici-Rivlin plan, flattens the tax code by reducing the number of brackets and removing loopholes

House Ways and Means Chairman Dave Camp (R-MI) released his comprehensive tax reform plan yesterday. It has been a long time since a sitting member of Congress was bold enough to propose a plan that includes enough detail to be scored by the Joint Committee on Taxation.

The Bank Rescue, Five Years Later
By Phillip Swagel, Co-chair, Financial Regulatory Reform Initiative

“… the program sketched out by Mr. Geithner both came to pass and made a difference. Five years later, the United States financial sector is in much better condition. Banks have absorbed losses from loans made during the bubble and rebuilt their capital, and investor confidence has returned. Mr. Geithner’s proposals did not all work right away or in the scale initially envisioned. In the end, however, Secretary Geithner deserves credit for making good on what he promised.”

House Ways and Means Chairman David Camp (R-MI) released a proposal that aims to overhaul and simplify the tax code. One of the proposal’s provisions would limit unauthorized immigrants’ eligibility for the Additional Child Tax Credit.

Despite their similarities, the two proposals differ in critical ways

The tax reform plan released by the Chairman of the House Ways and Means Committee, Representative Dave Camp (R-MI), included a new excise tax on some systemically important financial institutions (SIFIs). Under the Camp plan, bank and non-bank companies designated as SIFIs under the Dodd-Frank Act would be subject to a quarterly excise tax equivalent to 0.035 percent of their total consolidated assets in excess of $500 billion. The excise tax, which would take effect in January 2015, would produce estimated revenues of $86.4 billion over a ten year period.

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