All posts tagged "Economicpolicy"

TALLAHASSEE — Gov. Ron DeSantis is proposing more than $4.6 billion in cuts from the state’s $119 billion budget while continuing to provide billions in popular tax cuts and putting more into the state’s rainy day fund. The slashing starts with more than $1 billion to healthcare services, largely because of federal Medicaid money that has gone away with the end of the pandemic state of emergency. And the cuts continue as other one-time funds dry up, usually projects backed by federal grant programs that have been discontinued. Those deep cuts include education, commerce, environmental protecti......

KANSAS CITY, Mo. — Top Kansas Republicans will try topass a flat income tax when lawmakers return to Topeka in January, but Democratic Gov. Laura Kelly calls the idea a “non-starter.” As Kansas sits on a budget surplus of more than $2 billion, many Republican lawmakers want to again advance a flat tax after the governor blocked the proposal this spring. House and Senate GOP leaders even spent the fall touring the state promoting the idea. But Kelly, who first won election as governor in 2018 promising to steer Kansas away from the fiscal woes of Republican Gov. Sam Brownback’s administration, ......

WASHINGTON — Rep. Hillary Scholten, D-Grand Rapids, said Sunday that she would be open to helping save Republican Speaker of the House Kevin McCarthy's position in leadership if Republicans put "some concessions in place." Congress passed a short-term budget bill Saturday night that will extend existing funding levels through Nov. 17, avoiding a government shut down shortly before the deadline. Florida Rep. Matt Gaetz, one of several hardline Republicans who had been pushing McCarthy not to support a short-term bill, said Sunday he plans to try to remove McCarthy from leadership this week over......

PHILADELPHIA — Before President Joe Biden got into the substance of his budget speech in Philadelphia on Thursday, he had a warm personal message for Sen. John Fetterman. “John, if you can hear this at all, we’re with you, pal. We’re with you,” Biden said as he began his address, drawing cheers from the Democrats and laborers in the audience. The moment came at the start of Biden’s visit to the Finishing Trades Institute in Northeast Philadelphia, where the president laid out his budget and tried to set the stage for both his coming clash with Republicans over the national debt limit and his o......

PHILADELPHIA — President Joe Biden is heading to Philadelphia Thursday to unveil his latest budget proposal and plans to protect Medicare, according to the White House. He’ll visit a union hall where workers are benefiting from his economic plans, the White House said late Sunday, and plans to deliver a speech that outlines his proposals “to invest in America, continue to lower costs for families, protect and strengthen Social Security and Medicare, reduce the deficit, and more.” The budget proposal would cut the federal deficit by more than $2 trillion over 10 years and extend the life of Med......

CHICAGO — Sounding like a potential presidential candidate, former Vice President Mike Pence contended Monday that the nation’s economic woes were almost entirely the result of Democratic President Joe Biden’s policies, and told an audience at the University Club of Chicago that without a turnaround, Americans will “change leadership very soon.” Speaking for nearly 40 minutes before a few hundred people in an ornate hall, Pence touted the economic successes of the “Trump-Pence administration,” but made no direct reference to the man he served under, former President Donald Trump. Nor did he sa......