26 results for search: Adams


News Briefing for Friday, April 10

HEALTHCARE: Obamacare spending leads to a higher budget deficit so far in 2015 “The Congressional Budget Office reported Wednesday that the federal government saw a higher budget deficit in the first half of fiscal year 2015 compared to 2014, and said higher spending due to Obamacare is part of the reason. CBO said the budget deficit was $430 billion in the first half of fiscal year 2015, a $17 billion increase. While there were several contributing factors to that increase, CBO said spending on Obamacare was a significant change from 2014 to 2015. First, CBO said Medicaid spending rose by $31 billion from October 1 through March 31 compared ...

News Briefing for Thursday, April 9

TEA PARTY PATRIOTS: The Speaker strikes back (Op-ed by Jenny Beth Martin) “House Speaker John Boehner’s latest volley in his petty war against conservatives in the GOP conference – while saying much more about himself than the men he’s targeting – provides a great opportunity for a discussion about Congress’ stewardship of taxpayer dollars. In the aftermath of the failed attempt to displace him in January, Boehner moved into recrimination mode with considerable dispatch.  For his sin of allowing colleagues to place his name in nomination for speaker, Rep. Dan Webster (R-Fla.) was bounced from the Rules Committee, along with his ...

News Briefing for Thursday, March 19

HEALTHCARE: GOP aims to sink Obamacare with reconciliation But first they have to strike a difficult deal on an overall budget “Senate Republicans want to use a powerful budget maneuver known as reconciliation to go after President Barack Obama’s health care law — particularly if the Supreme Court strikes down key provisions of Obamacare this June. Using the fast-tracking procedure offers some advantage for Republicans, largely because a reconciliation package can’t be filibustered. But it’s not going to be easy. First, House and Senate Republicans need to agree on a budget resolution, which could be difficult with fiscal conserva...

News Briefing for Wednesday, March 11

HEALTHCARE: CBO: Obamacare Premiums Will Increase Faster Than Private Plans “Obamacare health insurance premiums will grow faster than either private policies or the federal government in coming years, according to the Congressional Budget Office. In a report released Monday, the CBO issued updated budget projections showing that “premiums for policies sold through the exchanges are expected to increase more rapidly than the underlying trend in spending” between 2016 and 2018. The CBO projects that the average premium for Obamacare policies will increase by 8.5 percent annually in those years, while federal spending is expected to grow by ...

News Briefing for Friday, March 6, 2015

TEA PARTY PATRIOTS: Unions Rally In Support Of ObamaCare Tax Credit (Quote by Kevin Broughton) “Kevin Broughton, the communications director for the Tea Party Patriots, is suspicious that organized labor is paying much of the crowd for their attendance. “The other folks over here, they mind their manners, which you would expect if you were being paid to come out and protest,” Broughton claims. “They either don’t have jobs or their being paid by the SEIU or some of the other folks that have a vested interest in having their neighbors pay for their own health care.” Broughton also contends that their argument is all emotion and that ...

News Briefing for Tuesday, March 3, 2015

HEALTHCARE: We all win if Supremes gut ObamaCare “…If the high court reins in the subsidies, here’s what’s likely to happen: --People with ObamaCare subsidies will still be helped - No matter how the justices rule, it will have no impact on the poor. Nine out of every 10 people who are newly insured because of ObamaCare are on Medicaid, which will be unaffected. Yes, close to 6 million middle-class Americans get the questionable subsidies and so pay a fraction of their plan’s actual cost, while taxpayers pick up three-quarters of the bill. If the court nixes those subsidies, these people will be facing huge premium hikes — and the ...

News Briefing for Saturday, February 7, 2015

HEALTHCARE: Affordable Care Act? Try 'Aggravating Challenge for Accountants' “Two of the most complicated facets of American life have just collided: health care and the federal income tax form. As set out in the Affordable Care Act, starting now health insurance has been woven into every individual federal tax form. Let’s ignore the effect on the ibuprofen market (investment tip?). For the IRS and for thousands of accountants, the result is a once-in-a-generation challenge: a new tax requirement for every American that could be violated accidentally, with ease. “This is a very very big change,” says tax accountant Poonam Bansal. “It ...

News Briefing for Saturday, February 7, 2015

HEALTHCARE: Affordable Care Act? Try 'Aggravating Challenge for Accountants' “Two of the most complicated facets of American life have just collided: health care and the federal income tax form. As set out in the Affordable Care Act, starting now health insurance has been woven into every individual federal tax form. Let’s ignore the effect on the ibuprofen market (investment tip?). For the IRS and for thousands of accountants, the result is a once-in-a-generation challenge: a new tax requirement for every American that could be violated accidentally, with ease. “This is a very very big change,” says tax accountant Poonam Bansal. “It ...

News Briefing for Friday, January 16, 2015

HEALTHCARE: Burwell urges GOP to 'move beyond' ObamaCare arguments “Health and Human Services (HHS) Secretary Sylvia Mathews Burwell on Thursday promised a "vigorous" defense of ObamaCare this Congress as she outlined policy priorities she said could receive bipartisan support, such as addressing prescription drug abuse and accelerating the development of medical cures. "I hope we can move beyond the back and forth of the Affordable Care Act," Burwell said at the New America Foundation. She also downplayed Republican plans to target pieces of the healthcare law now that the GOP is in control of both chambers on Capitol Hill.  "We want to find ...

News Briefing for Tuesday, January 6, 2015

TEA PARTY PATRIOTS: Boehner in line for 3rd term as speaker; GOP readies agenda “House Speaker John Boehner's prospects for a new term appeared secure Monday despite grumblings from tea party-aligned dissidents on the eve of a Republican takeover of Congress, while GOP leaders in both houses pointed toward a swift veto showdown with President Barack Obama over the long-stalled Keystone XL pipeline. Senate Republicans, winners of a majority in last fall's elections, began laying down markers for legislative battles ahead. "Tax reform should not be used as an excuse to raise taxes on the American people," wrote Sen. Orrin Hatch of Utah, who will ...