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PERS Deal Blends Elements of 401(k), Standard Pension
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PERS Deal Blends Elements of 401(k), Standard Pension

BY James Mayer

SALEM Summary: State lawmakers compromise on a plan for new hires that would be the last part of an overhaul of the public retirement system. After months of touchy negotiations, lawmakers announced a compromise Thursday that would create a less expensive public employee pension plan for new hires. It's considered one of the most critical elements to reforming Oregon's Public Employees Retirement System, which had been roughly $17 billion short of meeting its financial commitments for the next 25 years.

06/27/2003
PERS DEAL BLENDS ELEMENTS OF 401(K), STANDARD PENSION
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PERS DEAL BLENDS ELEMENTS OF 401(K), STANDARD PENSION

BY JAMES MAYER

Summary: State lawmakers compromise on a plan for new hires that would be the last part of an overhaul of the public retirement system After months of touchy negotiations, lawmakers announced a compromise Thursday that would create a less expensive public employee pension plan for new hires. It's considered one of the most critical elements to reforming Oregon's Public Employees Retirement System, which had been roughly $17 billion short of meeting its financial commitments for the next 25 years.

06/27/2003
Letter to Secretary Snow on Regulatory Reform
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Press Release

Letter to Secretary Snow on Regulatory Reform

Secretary John Snow Secretary of the United States Treasury 1500 Pennsylvania Avenue, NW Washington, D.C. 20220 Dear Secretary Snow, A few weeks ago, you had asked for our ideas on the next round of tax cuts. I hope what we provided was helpful. I am writing today to suggest an additional front that the administration could open on the economy: regulatory reform.

06/27/2003
Fires Rip Though Unhealthy Forests
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Press Release

Fires Rip Though Unhealthy Forests

Everybody knows Smokey the Bear’s famous saying: "Only you can prevent forest fires." As fires blaze through the Arizona national forests, it seems like it is time for Smokey to visit the US Senate and deliver that message to our Senators who have yet to move on the President’s Healthy Forests Initiative.

06/26/2003
Texas Budget is One for the History Books
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Press Release

Texas Budget is One for the History Books

The state budget recently passed by the Texas Legislature is historic! This is the first time in 20 years that state spending has been cut. Yet those cuts did not preclude the legislature from providing more than $1 billion in new money to both education as well as to health and human services. The following are highlights of the budget as well as of the Gubernatorial vetoes!

06/26/2003
Born on the Fourth of July
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Press Release

Born on the Fourth of July

In the haunting movie Born on the Fourth of July, Tom Cruise was gripping as a patriotic young soldier turned crippled and disillusioned after Vietnam.

06/26/2003
Regulatory Reform Will Also Kickstart the Economy
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Press Release

Regulatory Reform Will Also Kickstart the Economy

In response to a slow economy and criticisms of abandoning domestic policy, President Bush unveiled an economic growth package with more than $700 billion in tax cuts as its centerpiece. Congress eventually settled on a tax package of only $320 billion, but this was an important step toward a stronger economy with lower marginal tax rates and a fairer tax code. Unfortunately, the hidden taxes imposed by regulation have not received the same attention. Today, Americans face an annual regulatory burden of more than $800 billion http://www.sba.gov/advo/research/rs207tot.pdf —more than $8,000 per household. Unnecessary and ineffective regulations thwart investment and run counter the administration’s vision of economic growth.

06/26/2003
KEY VOTE: CSE Urges NO Vote on the "Prescription Drug and Medicare Modernization Act"
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Press Release

KEY VOTE: CSE Urges NO Vote on the "Prescription Drug and Medicare Modernization Act"

06/26/2003
Pass H.R. 1117 to Level the Health Care Playing Field
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Press Release

Pass H.R. 1117 to Level the Health Care Playing Field

Citizens for a Sound Economy (CSE) today praised H.R. 1117, the Health Care Freedom of Choice Act. This bill, introduced by Congressman Chris Cox (R-CA), corrects a significant distortion in the tax code. The code currently exempts health care costs for workers covered by employer-provided health plans, but not those expenses incurred by people outside of these systems, unless they spend 7.5 percent of their gross income on health care and medical costs. CSE President and CEO Paul Beckner commented:

06/26/2003
CSE Urges NO Vote on S.1 , the "Prescription Drug and Medicare Improvement Act"
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Press Release

CSE Urges NO Vote on S.1 , the "Prescription Drug and Medicare Improvement Act"

Dear Senator, On behalf of the 280,000 members of Citizens for a Sound Economy (CSE), I urge you to vote NO on S 1, the “Prescription Drug and Medicare Improvement Act of 2003”. In 2020, Medicare’s spiraling costs are projected to eat up 20 percent of all income tax revenue. The current fee-for-service Medicare program is unsustainable, and the Senate proposal will accelerate the Medicare crisis.

06/26/2003

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