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This Week on Capitol Hill
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Press Release

This Week on Capitol Hill

Deficit Numbers On July 15th, the White House released the Mid-Year Budget Review of the U.S. Budget. The news that the budget deficit is spiking dramatically this year to $455 billion appeared to shock the Washington media, but it wasn't a surprise to CSE members who have watched the spending orgy of the past four years.

07/17/2003
The Red Ink Capital
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Press Release

The Red Ink Capital

This week the White House budget office released the “Mid-Session Review” of the federal budget. As expected the new figures point to higher deficits. For fiscal year 2003, the deficit jumps from $304 billion to $455 billion. Federal spending now consumes $2.2 trillion dollars, and the budget report increases the estimate of 2003 spending by $71 billion. While a slow economy and the Iraqi war have much to do with the deficit, the report is indicative of a larger systemic problem—a lack of fiscal discipline and excessive federal spending.

07/16/2003
From Pennsylvania With Love?
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Press Release

From Pennsylvania With Love?

On Saturday July 19, the Pennsylvania House of Representatives passed a bill that will allow for the creation of eleven slot machine casinos across the state. Some casino hopefuls in the House estimate that the slot machines will draw roughly $1 billion dollars in revenues. But is $1 billion in state expansion what Pennsylvania really needs? Of course not. Pennsylvanians are in dire need for lawmakers to propose a budget that will cut spending and prevent tax increases that will protect the taxpayers’ economic freedom.

07/15/2003
This Week on Capitol Hill
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Press Release

This Week on Capitol Hill

Official Washington is focused on equatorial Africa this week, but we'll try to avoid making banana republic references to America's current fiscal management. The latest installment of the U.S. fiscal meltdown is the new "Supplemental Appropriation" heading towards quick adoption by the Senate this week. The bill is already more than $2 billion in new spending that is not budgeted. It is not clear how this new spending squares with the President's public commitment to only 4 percent growth in discretionary spending this year.

07/10/2003
CSE Urges YES Vote on Sessions Amendment to FY04 Legislative Branch Appropriations
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Press Release

CSE Urges YES Vote on Sessions Amendment to FY04 Legislative Branch Appropriations

July 10, 2003 Dear Senator: On behalf of the 280,000 members of Citizens for a Sound Economy (CSE), I urge you to vote YES on the proposed Sessions Amendment to the “FY04 Legislative Branch Appropriations Bill”.

07/10/2003
Can Spending Commissions Succeed Where Politicians Fail?
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Press Release

Can Spending Commissions Succeed Where Politicians Fail?

Despite widespread anger at high taxes and bloated government spending, cutting government programs continues to be a near-impossible political task. Why can’t the political system transfer broad popular support for cutting wasteful spending into real action?

07/09/2003
Texas Gov. Perry Opens Special Session
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Press Release

Texas Gov. Perry Opens Special Session

Gov. Rick Perry announced the addition of 28 issues to the call of the current legislative session. The governor’s action allows the Texas House and Senate to consider legislation relating to these issues during the special session.

07/03/2003
North Carolina Budget Vote Passes $14.8 Billion Plan
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Press Release

North Carolina Budget Vote Passes $14.8 Billion Plan

North Carolina Legislature passed a $14.8 billion budget for 2003-04, which included the continuation of the sales and income taxes ($384 million). Click to see how your representative voted on the NC 2003-04 budget. House VotesSenate Votes

07/02/2003
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
It's Time to Pay Attention to Spending
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Press Release

It's Time to Pay Attention to Spending

Recently, Congress passed the “Jobs and Growth Tax Relief Reconciliation Act of 2003,” a tax cut that addresses a number of flaws in the current tax code. Importantly, the tax bill focused on incentives, with across-the-board tax cuts, reductions in the cost of capital, and changes in depreciation that would foster investment by small business. In addition, it sought to remove punitive elements of the code, such as double taxation and the marriage penalty. The bill that finally passed was less than half of what President Bush initially proposed. Using the deficit for leverage, the Senate capped the tax cut. Interestingly, they also added $20 billion in new spending to bail out debt-ridden states, which raises questions about whether they were concerned about the deficit or what was left for them to spend.

06/18/2003

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