Tag Archives: United States Congress

Congresssional Budget Office


Economic Effects of Reducing the Fiscal Restraint That Is Scheduled to Occur in 2013

Policymakers are facing difficult trade-offs in formulating the nation’s fiscal policies. On the one hand, if the fiscal policies currently in place are continued in coming years, the revenues collected by the federal government will fall far short of federal spending, putting the budget on an unsustainable path. On the other hand, immediate spending cuts or tax increases would represent an added drag on the weak economic expansion.

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CBO Analyzes Effects of Fiscal Restraint Scheduled Under Current Law

Policymakers face difficult trade-offs in deciding how quickly to implement policies to reduce budget deficits. On the one hand, cutting spending or increasing taxes slowly would lead to a greater accumulation of government debt; on the other hand, immediate spending cuts or tax increases would represent an added drag on the weak economic expansion.

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Senate Amendment 2122 in the Nature of a Substitute to S. 3187, the Food and Drug Administration Safety and Innovation Act

CBO Estimate of the Statutory Pay-As-You-Go Effects for Senate Amendment 2122 in the Nature of a Substitute to S. 3187, the Food and Drug Administration Safety and Innovation Act

 

 

 

President Obama Speaks …


May 19, 2012 by    

President Obama discusses the reforms to Wall Street that he put in place to protect consumers and make Wall Street play by the same set of rules — and calls on lawmakers to finish implementing these reforms so that we can prevent excessive risk-taking and help create an economy that is built to last.

May 18, 2012 by    

President Obama announces a new alliance between government leaders and private sector partners to reduce hunger and lift 50 million people out of poverty by investing in Africa‘s agricultural economy. May 18, 2012.

President Obama Speaks … Tax Credits


President Obama calls on Congress to pass a tax credit for small businesses that are hiring new employees or raising the wages and salaries of their existing employees to help spur economic growth, the third item on the President’s job-creating To Do List for Congress. May 16, 2012.More
 
 

Tell Congress to fix … The medical-device safety bill


Today's consumer action:

Fix the Flaw!The medical-device safety bill is coming up for a major vote, and it still has a gaping loophole! Tell your Senators to Fix the Flaw!Take action

You wouldn’t buy a new car with a known safety defect. You’d expect the problem to be fixed first.

So why is Congress planning to let medical device manufacturers keep selling implants – from hip replacements to heart defibrillators to surgical mesh – without having them fix the safety flaw first?

Tell your Senators and Representative: Fix the Flaw!

This week the Senate could vote on the bill that sets safety standards for the medical device industry. Lobbyists have managed to keep this gaping safety loophole from being fixed in the bill, and we need consumers to speak out today before it’s too late.

Manufacturers love the loophole because they can put an implant on the market just by showing that it’s ‘substantially equivalent’ to one already approved – even if the implant they’re modeling it on was recalled for safety problems! And the FDA can’t make the company prove they’ve fixed the flaw or do clinical safety testing before the device is sold to you!

The consequences are serious. Tens of thousands of women have various vaginal mesh implants inside them based on a 1999 recalled product. Last year the FDA warned about bleeding, infections and organ perforation from the mesh deteriorating, and many women require multiple surgeries to repair the damage. The FDA should have the authority to demand flaws like these be fixed before allowing the devices to be sold.

Congress: Fix the Flaw with medical devices, and hold industry responsible for safety!

It’s important you get your Senators’ attention on this matter, or the loophole might just slip quietly through. Consumers’ emails have already made the safety bills stronger, so please forward this to others so they can add their voice to this critical issue.

Sincerely,
Lisa McGiffert, SafePatientProject.org

Weekly Address: Congress Must Act on “To-Do List”


May 12, 2012 by    

President Obama calls on Democrats and Republicans to come together and act on his Congressional “to-do list,” which will create jobs and help restore middle class security.

  Good afternoon –Most Americans are concerned that all we’ll see from Congress this year is inaction. Count me as one of those Americans.

But the fact is we need Congress. President Obama is doing everything in his power to move our economy forward. Not surprisingly though, the proposals with the biggest impact require legislation.

So at this make-or-break moment for the middle class, the President has called on Congress to move forward with a concrete plan that creates jobs and helps restore middle class security. It’s so simple, we’ve boiled it down into a five item to-do list.

Learn more about these ideas and share them.

It matters when Americans stand up and make their voices heard. Last year, when you spoke out about extending the payroll tax cut, we changed the debate here in Washington. Over the past few weeks, you answered the President’s call to speak up about stopping student loan interest rates from doubling, and now we’re starting to see the gears turning in the House and Senate.

The members of Congress who refuse to act are betting that Americans across the country won’t pay attention. So we’ve got to stay focused on the work at hand, and that starts with President Obama, who will be raising awareness across the country. You can join him by speaking out and sharing the list with your networks.

These five ideas will help create jobs and protect the middle class.

There are homeowners throughout the country who have done everything right, made their mortgage payments on time month after month, but when they look for relief, they get the runaround. With interest rates as low as they are right now, Congress should cut red tape for responsible homeowners to refinance and keep a little more money in their pocket each month.

There are a set of tax credits that are helping American companies put people to work developing clean energy and reduce our dependence on foreign oil. Unless Congress takes action, those credits will expire. That’s an unforced error, both for our economy and our environment.

Small business owners play a central role in our economy. Congress should provide firms that create new jobs or increase wages with a 10 percent income tax credit.

Lawmakers need to do more to help the men and women who are returning from Iraq and Afghanistan find jobs once they come home. President Obama is asking Congress to create a Veterans Jobs Corps that will help them find work as police officers, firefighters, or as employees at our national parks.

We need to stop rewarding companies for sending jobs overseas. Congress needs to eliminate the loophole that allows corporations to deduct their expenses from outsourcing jobs and use that money to give a tax credit on moving expenses to companies that bring jobs back.

That’s it. It’s straightforward and entirely within Congress’s power to pass and send to the President for his signature.

So take a minute to learn more, then share this email and the list with folks in your network.

http://www.whitehouse.gov/todolist

Thanks,

David

David Plouffe
Senior Advisor to the President

P.S. — President Obama talked about why this plan is so important yesterday. Check out what he had to say.