By Jay Sekulow
The left's outrage over the IRS turns to a plea to 'move on'
The Senate immigration bill will be a major boost to the federal budget but does relatively little to clamp down on illegal immigration — cutting the future flow by only about 25 percent — according to the Congressional Budget Office analysis of the bill, released Tuesday afternoon.
The immigration amnesty under consideration in Congress would come at an enormous cost: more than $5 trillion over the lifetime of immigrants who are legalized. The bill is structured, though, to hide most of those costs from voters.
Over the next decade, Medicaid expansion under Obamacare will add millions more people to the program, doubling its current cost and bringing the number of enrollees to 84 million by 2022, according to the Congressional Budget Office.
The federal government will dole out more than $900 billion in the top 10 tax breaks this year, according to a report Wednesday from the Congressional Budget Office that found the benefits go disproportionately to the poor and the rich.
For many investors, the more than halving of the deficit from a high of $1.55 trillion during the depths of the recession is the latest sign that the economy finally has turned the corner and is on a solidly upward path.
The guest Commentary "Cracking Big Egg" (May 21) was disingenuous if not outright misleading about the egg bill. The bill is supported by egg farmers nationwide, by voters, by consumer groups, by veterinarians, by animal welfare groups, by religious groups, by grocers and food-service companies and by many others.
The deficit is shrinking, but it's too soon to celebrate a return to sanity. America is still sinking more into debt by the minute and is still on a path to ruin.
Despite all the promises of frugality in Washington, the newest version of the farm bill passed by the House boasts a pricetag near $1 trillion and manages to send plenty of subsidies back to influential special interests in lawmakers' home states.
The federal deficit this year will be $642 billion, according to an estimate Tuesday from the Congressional Budget Office that marks the first time President Obama will have overseen a deficit of less than $1 trillion.
America's abnormally extended period of high unemployment threatens to generate ever-widening circles of pain throughout the U.S. economy.
Top federal lawmakers say the time has come to overhaul the way physicians are paid under Medicare, a long-standing problem that encourages medical providers to offer more procedures instead of seeking to improve the quality of care.
The health care law has the look of a plan that isn't coming together, and the administration appears unable to foresee the outcome and stay a step ahead of the potential mess.
Federal tax revenues are up 16 percent this year compared to 2012, helping power a major drop in the federal deficit, according to the latest estimate Tuesday from the Congressional Budget Office.
It could end up being taxpayer money going down the drain.
The Congressional Budget Office said Thursday it will use a type of "dynamic scoring" to evaluate the new Senate immigration bill, dealing a major victory to the legislation's backers.
