All posts tagged "Center On Budget And Policy Priorities"

President-elect Donald Trump's pick for Treasury chief, billionaire Scott Bessent, received blowback on social media after claiming that Trump's tax cuts for the wealthy would prevent "economic calamity."

Bessent testified Thursday before Congress for the position of Secretary of the U.S. Treasury. If confirmed, Bessent would join the long list of millionaires and billionaires who will be populating the new Trump administration.

"This is the single most important economic issue of the day — this is pass/fail," Bessent said. "If we do not fix these tax cuts, if we do not renew and extend, then we will be facing an economic calamity and, as always with financial instability, that falls on the middle and working-class people. ...

Wisconsin was first among 24 states in reducing state education aid since last year, according to a report by the Center on Budget and Policy Priorities, a Washington-based think tank.

WASHINGTON – A large coalition of pro-Social Security groups on Tuesday warned President Barack Obama against supporting cuts to the popular seniors program, as unconfirmed reports circulated that he may endorse his fiscal commission's proposals to reduce benefits.

As House Republicans prepare Tuesday to take up a bill repealing the sweeping health care overhaul, they face an awkward fact-check permeating the news wires that effectively dismantles their central argument against the reforms.