Mostrando entradas con la etiqueta Presupuesto. Mostrar todas las entradas
Mostrando entradas con la etiqueta Presupuesto. Mostrar todas las entradas
miércoles, enero 15, 2014
miércoles, diciembre 25, 2013
Cuba: Cuentapropistas incrementan aporte al presupuesto en un 18%
La Habana, 25 dic.- Las contribuciones del sector privado en Cuba al presupuesto del Estado aumentaron un 18 por ciento en los últimos tres años, después de que el Gobierno impulsara la apertura del trabajo autónomo en 2010, informó hoy la agencia estatal Prensa Latina.
El director de Ingresos del Ministerio de Finanzas y Precios, Vladimir Regueiro, dijo a la agencia que ese sector "crece y sus contribuciones aumentan" ya que desde octubre de 2010 hasta igual mes de 2013 "su aporte al presupuesto del Estado creció 18 por ciento".
Regueiro indicó que el impacto económico de los llamados "cuentapropistas" en la isla "está en correspondencia con las previsiones que se hicieron sobre la expansión y crecimiento del sector", si bien sus aportes sólo representan por ahora el 2 por ciento del presupuesto estatal.
Según precisó, las empresas estatales se mantienen como las mayores contribuyentes al Estado.
La previsión oficial, no obstante, es que los "cuentapropistas" y otras formas no estatales de trabajo, como las nuevas cooperativas de servicios aprobadas este año, continuarán su crecimiento.
Como resultado de esa expansión, el ministerio de Finanzas y Precios proyecta para 2014 ingresos superiores en un 12 por ciento a los recibidos por concepto tributario este año.
Cifras oficiales divulgadas por esa cartera a la Asamblea Nacional del Poder Popular (parlamento unicameral) la semana pasada señalan que los tributos del sector privado aportarán en 2014 un 4 por ciento del presupuesto del Estado.
La apertura y desarrollo del llamado "trabajo por cuenta propia" forma parte del plan de reformas del Gobierno del presidente Raúl Castro para la "actualización" económica de la isla.
En la actualidad 444.109 cubanos ejercen el trabajo privado, en un país donde la fuerza laboral asciende a 4,8 millones de trabajadores y la tasa de desempleados es del 3,5 por ciento.
En enero de este año el Gobierno implementó una nueva Ley Tributaria con el objetivo de acompañar su "actualización" socialista.
En un país sin cultura fiscal después de que la revolución de 1959 eliminara prácticamente la política de impuestos, la nueva ley tributaria busca revertir esa situación para respaldar los gastos sociales.
(Agencia EFE)
sábado, diciembre 21, 2013
Choteo: Cuba emitirá bonos del "tesoro" para financiar déficits presupuestarios
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| Bonos de la República de 1905 emitidos para pago de haberes del Ejército Libertador firmados por Tomás Estrada Palma presidente y Juan Rius Rivera Secretario de Hacienda./ www.futurodecuba.org |
la emision de bonos del tesoro es un mecanismo financiero normal de amplia practica internacional para lograr equilibrios macroeconomicos y financiar deficits presupuestarios. sin embargo se requiere que la tesoreria nacional que no queda claro en el caso de cuba donde reside, cuente con la credibilidad minima indispensable para que inversores y no asociaciones de "amistad" o socios politicos consideren conveniente comprar bonos a 20 anos con solo un 2.5% de interes anual. el comportamiento del regimen cubano respecto a honrar la deuda externa indica que la plaza antillana no es altamente riesgosa sino que no disfruta de absolutamente ninguna credibilidad. rusia acaba de hacerle un write off al 90% [29 billones de dolares, hecho del cual los "entendidos" no han acabado de enterarse] a la deuda heredada de cuba con la union sovietica y los socios del club de paris aun esperan por una renegociacion seria y responsable por parte de la habana.
en la breve nota no se precisa -como es costumbre- si la compra de bonos sera publica o solo podran acceder a ella personas juridicas [y ello requiere analisis complementarios muy rigurosos pues la inconvertibilidad del peso cubano o su posible convertibilidad arbitraria distorsionaria cualquier compra por parte de instituciones extranjeras e incluso en los casos en que se realizara por personas naturales y juridicas nacionales]. igualmente fijar que hasta el 70% del deficit presupuestario sera cubierto por esta via y el 30% por emision de dinero, no solo es una proporcion puesta "a dedo" que no se corresponde con la realidad economico-financiera de un pais que incumple en un 25% el discreto crecimiento planificado para el 2013 a pesar de las reformas y la inescrupulosa metodologia de cuentas nacionales, sino que la emision irresponsable de dinero generara inflacion -acentuada por el proceso de unificacion monetaria-, deteriora aun mas la menguada capacidad adquisitiva de los segmentos mas vulnerables de la ya estratificada sociedad cubana por una parte; mientras el escenario de una compra significativa de los bonos del tesoro excluyendo un putin que acaba de rescatar a ucrania de la union europea con un bill out de 15 billones, es tan improbable como que los dictadores de biran se conviertan en socialdemocratas.
luego, si toda la reforma financiera-fiscal del pais concluye con un incremento del deficit presupuestario, hara bien el general de hojalata en contratar a un tecnico del banco mundial para que le disene una politica financiera seria y sustentable.
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La Habana, 21 dic (PL) Cuba comenzará a emitir bonos soberanos para financiar la deuda generada por el déficit presupuestario, informó al Parlamento Lina Pedraza, Ministra de Finanzas y Precios.
Según explicó la titular, el país comenzará a financiar de esta manera hasta el 70 por ciento del déficit, el cual se prevé que alcance el 4.7 por ciento del Producto Interno Bruto (PIB) para el 2014.
La deuda restante se cubrirá con la emisión de dinero por el Banco Central. Así, según la ministra, se controlará la inflación de manera más eficiente.
Además, explicó que son títulos de deudas negociables y ante la necesidad de un banco de adquirir efectivo puede ponerlo a disposición de otra entidad del sistema financiero del país.
Los bonos tendrán un interés anual del 2.5 y vencerán a los 20 años.
En su intervención ante el foro con motivo de la presentación del anteproyecto de Ley de Presupuesto para el 2014, Pedraza explicó que se prevé que el déficit crezca más que el PIB.
Dicho fenómeno genera desequilibrio y una correlación desfavorable en la que se contraen deudas a un ritmo superior que el crecimiento de la economía, indicó.
El próximo año -adelantó- será sustantivo para la relación financiera de las empresas con el presupuesto.
A partir de enero, el sector empresarial estatal entregará el 50 por ciento de sus utilidades, mientras que tendrá a su disposición el resto de las ganancias, agregó la titular.
En esta misma jornada los diputados recibieron información sobre los resultados económicos del 2013 que registraron un crecimiento del PIB de 2.7 por ciento, inferior al 3,6 previsto.
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notas:
Según explicó la titular, el país comenzará a financiar de esta manera hasta el 70 por ciento del déficit, el cual se prevé que alcance el 4.7 por ciento del Producto Interno Bruto (PIB) para el 2014.
La deuda restante se cubrirá con la emisión de dinero por el Banco Central. Así, según la ministra, se controlará la inflación de manera más eficiente.
Además, explicó que son títulos de deudas negociables y ante la necesidad de un banco de adquirir efectivo puede ponerlo a disposición de otra entidad del sistema financiero del país.
Los bonos tendrán un interés anual del 2.5 y vencerán a los 20 años.
En su intervención ante el foro con motivo de la presentación del anteproyecto de Ley de Presupuesto para el 2014, Pedraza explicó que se prevé que el déficit crezca más que el PIB.
Dicho fenómeno genera desequilibrio y una correlación desfavorable en la que se contraen deudas a un ritmo superior que el crecimiento de la economía, indicó.
El próximo año -adelantó- será sustantivo para la relación financiera de las empresas con el presupuesto.
A partir de enero, el sector empresarial estatal entregará el 50 por ciento de sus utilidades, mientras que tendrá a su disposición el resto de las ganancias, agregó la titular.
En esta misma jornada los diputados recibieron información sobre los resultados económicos del 2013 que registraron un crecimiento del PIB de 2.7 por ciento, inferior al 3,6 previsto.
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notas:
- los bonos tendran caracter de deudas negociables y ante la necesidad de un banco de adquirir efectivo puede ponerlo a disposición de otra entidad del sistema financiero del país, con lo que todo quedara en "casa".
- de acuerdo con juventud rebelde "A diferencia de años anteriores, el ciento por ciento del déficit fiscal se financiará mediante la emisión de bonos soberanos. El 70 por ciento correrá a cargo de instituciones bancarias cubanas, y el 30 por ciento por el Banco Central de Cuba". con esta "novedad" de terrateniente feudal y absoluto, raul castro subordina el sistema bancario nacional a los marasmos de su politica economica, donde ahora solo bastara darle la "orden" correspondiente al banco que se considere para que "pague" por los descalabros economico-financieros de la finca.
viernes, noviembre 29, 2013
Cuba: Autoridades estiman que el 92% de los cuentapropistas subdeclararon sus ingresos
segun el reportaje de granma solo el 8% de los cuentapropistas ha declarado a la onat [oficina nacional de administracion tributaria] la totalidad de sus ingresos. la "evasion" fiscal se estima en unos 4.7 millones de pesos, en tanto ascienden a unas 7,800 las licencias que han sido retiradas por esa razon.
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| www.desdelahabana.net |
la evasion y el fraude fiscal son fenomenos presentes en todos los paises pero en cuba por la ausencia de una cultura tributaria, las deformaciones estructurales de un incipiente mercado mayorista y minorista, el bajo nivel de vida, las excesivas regulaciones por un lado y la debilidad de instituciones que emplean mecanismos de control represivos antes que indirectos del tipo economicos-fiscales y el natural temor de la poblacion entre otros factores contribuyen a la reticencia generalizada.
pero ante todo porque la gente afectada por el sindrome del neocastrismo aplica al pie de la letra aquello que "ladron que roba a ladron tiene 100 anos de perdon".
el reporte del granma aqui >>
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pd/ en economias como la cubana donde el mercado informal representa un sector importante de los ingresos personales, los mecanismos de control publicos son limitados. en paises institucionalmente estructurados con economias de mercado funcionales, la declaracion de impuestos [balance de ingresos y gastos o income statement] se sustenta en dos documentos primarios: facturas de compra emitidas por los proveedores y recibos de venta de la caja registradora programada para desglosar el precio del bien o servicio plus los diferentes taxes que se aplican a cada uno de ellos independientemente del instrumento de pago que se emplee. en la mayoria de los paises "ordenados" se regula por ley la conservacion de esos documentos por un periodo de 7 anos y el fisco esta facultado para hacer cualquier auditoria retroactiva en ese plazo. "todo" los demas es a cuenta y riesgo.
un elemento de peso significativo en la contencion del fraude tributario reside en la aplicacion para creditos personales o de negocios, donde la institucion bancaria toma como referencia sustancial la declaracion de ingresos de al menos los dos ultimos anos. luego la gente que corre por 3ra tiene que ejecutar cierto volumen de sus operaciones en cash y ello enciende alertas cuando alcanza ciertos niveles.
miércoles, noviembre 13, 2013
Obamacare: Running Out of Money
In 2010, the U.S. Department of Health and Human Services was set up with a slush fund of one billion dollars to support the implementation of Obamacare. If we go by the department's summary of its Fiscal Year 2014 budget proposal, it would appear to have already burned through $811 million through 30 September 2013, the end of the federal government's 2013 fiscal year:
That would leave the department with just $189 million left to spend. It was planning to spend $163 million in the federal government's Fiscal Year 2014, which began on 1 October 2013.
Instead, the problems that have plagued both the department's Healthcare.gov web site and the back end systems that support its operation are forcing the agency to spend this money on fixing its problems.
Keeping in mind that HHS was burning through money at an average rate of $871,233 per day during the federal government's 2013 fiscal year, it is very likely that it is now spending much more than that amount per day as the Obama administration is desperate to keep President Obama's signature achievement from becoming an unmitigated failure.
Something has to give, because they cannot both repair Obamacare's IT systems and web site and spend what they were planning to spend to do other things in FY2014. HHS is running out of money and cannot do both.
Oh, by the way, we described how we could have eliminated HHS' technical problems within a very short period of time for just $47 million back on 22 October 2013. And as far as we're concerned, the hardest part of implementing our solution is already done. And yet, the Obama administration would appear to be more concerned with funneling money to its crony corporate partners than it does in actually making it possible for regular Americans to shop for and buy health insurance as they might choose.
Perhaps a good question for a mainstream media reporter to ask is why does the Obama administration insist on doing those things? And a really good question for a skeptical U.S. Congress member to ask is why they should throw even more money to repair the Obamacare web site when our solution is already proving to be a much more viable and a much more affordable option?
Data Sources
U.S. Department of Health and Human Services. Fiscal Year 2012 Budget in Brief. Advancing the Health, Safety, and Well-Being of Our People. [PDF Document]. 2011.
U.S. Department of Health and Human Services. Fiscal Year 2013 Budget in Brief. Strengthening Health and Opportunity for All Americans. [PDF Document]. 2012.
U.S. Department of Health and Human Services. Fiscal Year 2014 Budget in Brief. Strengthening Health and Opportunity for All Americans. [PDF Document]. 2013.
viernes, noviembre 01, 2013
'Panicking' families brace for billions in cuts to food-stamp benefits
Benefit cuts to food stamp recipients kick in Friday, a move by Congress that will siphon $5 billion
As president of the Food Bank for New York City, Margaret Purvis expects those cuts will draw even more people to organizations that already provide 400,000 meals a day to hungry city folks.
"Our members are panicking," she said as time wound down before the benefit decreases go into effect. "We're telling everyone to make sure that you are prepared for longer lines."
Needy Americans who receive food stamps through the Supplemental Nutrition Assistance Program are expected to suffer an average loss of $36 a month from a $275.13 per household benefit. There are a near-record 47.6 million Americans, representing 23.1 million households, on the program. The cost of the program will hit $63.4 billion in 2013.
Keep reading on nbcnews >>
sábado, abril 27, 2013
House Dems Want 45% Taxes on $1M Incomes
On Thursday, House Democrats proposed a new bill that would create a minimum 45 percent tax rate on income more than $1 million, and a rate of 49 percent on income more than $1 billion. Rep. Jan Schakowsky (D-IL) is the mastermind behind this notion; she calls it the Fairness in Taxation Act. “Our country faces an inequality crisis,” she said. “While the amount of earned income – and accumulated wealth – by the top one percent of earners continues its dramatic rise, most Americans have seen little or no gain in take-home pay for decades. We need increased revenue to eliminate the sequester.” Other sponsors of the bill include the most liberal members of the Congress: John Conyers (D-MI), Donna Edwards (D-MD), Luis Guttierez (D-IL), Barbara Lee (D-CA), Betty McCollum (D-MN), and John Yarmuth (D-KY).
Of course, the Obama administration rammed through a tax increase at the beginning of 2013, and focused largely on measures designed to redistribute income to low-income earners throughout President Obama’s first term. The result: the weakest and most lopsided recovery in American history. In California, where taxes have been consistently increased for years, more and more businesses and high-income earners are leaving the state for greener pastures.
Our country does not face an inequality crisis. It faces a growth crisis. Cuba has no inequality crisis, but the people are still miserable. The same holds true of most socialized societies, where income gaps are smaller but growth is similarly minute.
Obama's Debt Per Household Greater than Median Household Income
breitbart
How exponentially has the national debt grown under Barack Obama? Since he took office, the annual amount of debt per household in the United States is greater than the annual median household income.
Since Obama took office, the federal debt has climbed $6,167,472,778,984.22 (at the time of this writing). Divided by the 115,031,000 households in the country, that means Obama has borrowed $53,616 for each household, compared to the latest recorded median household income of $50,502 (for 2011).
The federal debt on Jan. 20, 2009, was $10,626,877,048,913.08. On April 25, 2013, it was $16,794,349,827,897.30.
jueves, abril 25, 2013
jueves, abril 18, 2013
Welfare Programs Now One-Sixth Of Federal Budget
Federal welfare programs now account for one-sixth of the federal budget ($588 billion), a figure that does not even include unemployment benefits, Social Security, and Medicare, reports Bill Frezza of Forbes.
The bleak Obama economy, however, is only factor driving welfare's growth, says Frezza. Corporate cronyism that profits from poverty programs has helped fuel a welfare industry that uses taxpayer dollars to generate corporate profits in ways that grow government:
Today, agricultural interests are still among the biggest advocates for these programs, but other industries are learning that they too can make a buck by promoting America’s war on poverty… Details are hard to come by as they are not broken out in earnings reports, but a 2012 study from the Government Accountability Institute “Profits From Poverty” indicates that since 2004, 18 of the 24 states that contract with J.P. Morgan to provide welfare benefits have paid over half a billion dollars in fees. That may not sound like much relative to the size of some of these firms, but it provides a nice steady income for an industry happy to shower members of the House and Senate Agricultural Committees with annual campaign donations now exceeding $300,000 per year.
The result, says Frezza, is the distortion of genuine competition that drives free market capitalism.
“What could be better for the myriad civil servants and wing-tipped bankers who dole out benefits as ever more ‘clients’ join the ranks of the poor and unemployed?”
lunes, abril 15, 2013
Ninety days of destruction from the Obama White House
The economic news in America has gone from bad to worse.
First, we found out the jobs numbers are collapsing. Then retail sales figures were released- they show across the board contraction.
Next, we found out U.S. business inventory figures were a disappointment.
Finally, consumer confidence not only collapsed, but it was the largest miss from expectations in U.S. economic history. 2 words explain it all: "Ninety days."
Creating jobs in Obama's America is like trying to grow healthy plants in a nuclear blast zone.
Ninety days is all it took to put the U.S. economy into a coma, to destroy any chance of recovery. 90 days defined by the Obama "Axis of Evil” -- Taxation, regulation, unionization, litigation, IRS intimidation, demonization, and government strangulation. The last 90 days of this Axis of Evil have sealed our fate.
There are no new jobs. There will be no new jobs. Creating jobs in Obama's America is like trying to grow healthy plants in a nuclear blast zone. Obama has turned the U.S. economy into a “Hostile Work Environment.” I call it Obamageddon.
Look at the toxic results of what has happened in the last deadly 90 days. Last month we added a miserable 88,000 jobs. 660,000 Americans dropped off the job rolls...in one month.
Ninety million working-age, able-bodied Americans are no longer in the workforce. The workforce participation rate is the lowest since 1979. For men it’s the lowest since 1948 (when record keeping began). Disposable income in January was the lowest since 1959 (since record-keeping began). Under Obama we’re truly back to the future.
Twenty-percent of eligible adults are on food stamps. Fourteen million on disability. Record-setting numbers of Americans are breaking into their own retirement accounts just to survive. Student loan debt is a disaster -- with defaults up 36% from a year ago. 16.4 million Americans live in poverty…in the suburbs.
You’re on your own as the American economy descends into darkness, overwhelmed by debt and entitlements.
Obama and the mainstream media have been blowing smoke for months, but the gig is up. No recovery is coming.
Let’s take a look at what Obama did to “save us” in the past 90 days:
- Federal income taxes went up dramatically on business owners (ie jobs creators).
- Payroll taxes went up.
- Exemptions and deductions were taken away.
- ObamaCare taxes took effect. State and local taxes went up across the USA.
- Gas prices went up drastically -- even as we learned Obama’s EPA wants new gas taxes.
- Grocery prices soared.
- Health insurance soared. For many small businesses we learned it will double next year.
- Electric rates went up -- as we learned that Obama’s EPA doubled biofuel taxes, while also trying to eradicate the coal industry and ban oil drilling.
- IRS audits went up dramatically on business owners (which means higher accountant and legal bills).
Add it up: There’s no money left. Even “the rich” feel poor. The middle class is drowning. Small business is under attack. How can anyone spend if they have no money left after Obama's relentless taxes? Where is the money coming from to start a business?
But it gets even worse. In those same 90 days, the government created 6,118 new rules and regulations. That’s 68 per day.
To produce that many job-killing regulations, Obama must have sweatshops populated with slave labor, whipped and kept in chains, working in shifts 24 hours per day. Obama is literally killing the spirit of business owners and taxpayers.
Obama is like a drug addict with giant bills to pay and no income. He has to find a way to pay for his food stamps, disability and unemployment society.
The bill to keep this Ponzi scheme going gets bigger by the hour. But with 90 million adults no longer working, and everyone who is willing to work being robbed to pay for a nation of deadbeats, who is left to jump-start the economy? Who is left to create jobs? The answer is…clearly…no one.
Even more shocking and depressing are Obama’s priorities. He claims we desperately need to raise all these taxes.
Yet, our president had no problem giving away $250 million to the Muslim Brotherhood in Egypt, $500 million to the Palestinians, $1.5 million in grant money to study why lesbians are fat (I’m not kidding), and billions of dollars in income tax credits to illegal aliens (who never paid income taxes in the first place). And you wonder why people are angry and disillusioned?
This has been 90 days for the history books. Ninety days that have made an economic collapse much more likely than a recovery. Ninety days that has put capitalism and American exceptionalism on life support.
Ninety days of the Obama "Axis of Evil” showcasing what one man, supported by a blind, adoring liberal-biased media, can do to snuff out ambition, drive, work ethic, creativity, inspiration and enthusiasm -- all in the name of equality, fairness and social justice.
Ninety days that will live in infamy. My book "The Ultimate Obama Survival Guide" is out today. Just in time -- because now it's a fight for survival.
Wayne Allyn Root is capitalist evangelist, entrepreneur, and Libertarian-conservative Republican. He is a former Libertarian vice presidential nominee. Wayne's latest book will be published on April 15: "The Ultimate Obama Survival Guide: Secrets to Protecting Your Family, Your Finances, and Your Freedom." For more, visit his website: www.ROOTforAmerica.com
. Follow him on Twitter@WayneRoot.
. Follow him on Twitter@WayneRoot.miércoles, abril 10, 2013
The Obama Plan: More Spending + Tax Hikes + SS Cuts = Lots of Anger
President Obama found himself weathering bipartisan broadsides Wednesday as he sent Congress his 2014 budget proposal, which in its effort to please both sides of the aisle has ended up angering both.
The budget arrived on Capitol Hill Wednesday morning, delivered 65 days after the legal deadline. The $3.77 trillion spending plan, which is over 2,000 pages, tries to curb deficits by further raising taxes on top earners and reining in the growth of Social Security.
But Republicans argue they already consented to increased taxes as part of the fiscal crisis deal and have expressed little interest in negotiating another hike. And liberal Democrats -- particularly powerful advocacy groups -- have launched a series of campaigns to oppose the changes to Social Security.
The president's proposal being unveiled Wednesday includes an additional $1.8 trillion in deficit reduction over the next decade, bringing total deficit savings to $4.3 trillion, based on the administration's calculations. It projects that the deficit for the 2014 budget year, which begins Oct. 1, would fall to $744 billion. That would be the lowest gap between spending and revenue since 2008.
The president's plan tracks an offer he made to House Speaker John Boehner, R-Ohio, during December's budget negotiations, which Boehner ended up walking away from because of his opposition to higher taxes on the wealthy.
The Obama budget proposal will join competing budget outlines already approved by the Republican-controlled House and the Democratic-run Senate.
The most sweeping proposal in Obama's budget is a switch in the way the government calculates the annual cost-of-living adjustments for the millions of recipients of Social Security and other government benefit programs. The current method of measuring increases in the consumer price index would be modified to track a process known as chained CPI.
The new method takes into account changes that occur when people substitute goods rising in price with less expensive products. It results in slightly lower annual reading for inflation.
The switch in the inflation formula would cut spending on government benefit programs by $130 billion over 10 years, although the administration said it planned to protect the most vulnerable, including the very elderly. The change would also raise about $100 billion in higher taxes because the current CPI formula is used to adjust tax brackets each year. A lower inflation measure would mean more money taxed at higher rates.
In the tax area, Obama would raise an additional $580 billion by restricting deductions for the top 2 percent of family incomes. The budget would also implement the "Buffett Rule" requiring that households with incomes of more than $1 million pay at least 30 percent of their income in taxes. Charitable giving would be excluded.
Obama's plan is not all about budget cuts. It also includes an additional $50 billion to fund infrastructure investments, including $40 billion in a "Fix It First" effort to provide immediate investments to repair highways, bridges, transit systems and airports nationwide.
Obama's budget would also provide $1 billion to launch a network of 15 manufacturing innovation institutes across the country, and it earmarks funding to support high-speed rail projects.
The president also is proposing establishment of program to offer preschool to all 4-year-olds from low- and moderate-income families, with the money to support the effort coming from increased taxes on tobacco products.
The administration said its proposals to increase spending would not increase the deficit but rather are paid for either by increasing taxes or making deeper cuts to other programs.
Among the proposed cuts, the administration wants to trim defense spending by an additional $100 billion and domestic programs by an extra $100 billion over the next decade.
The budget proposes cutting $400 billion from Medicare and other health care programs over a decade. The cuts would come in a variety of ways, including negotiating better prescription drug prices and asking wealthy seniors to pay more.
It would obtain an additional $200 billion in savings by scaling back farm subsidies and trimming federal retiree programs.
Congress and the administration have already secured $2.5 trillion in deficit reduction over the next 10 years through budget reductions and with the end-of-year tax increase on the rich. Obama's plan would bring that total to $4.3 trillion over 10 years.
It is unlikely that Congress will get down to serious budget negotiations until this summer, when the government once again will be confronted with the need to raise the government's borrowing limit or face the prospect of a first-ever default on U.S. debt.
As part of the administration's effort to win over Republicans, Obama will have a private dinner at the White House with about a dozen GOP senators Wednesday night. The budget is expected to be a primary topic, along with proposed legislation dealing with gun control and immigration.
Early indications are that the budget negotiations will be intense. Republicans have been adamant in their rejection of higher taxes, arguing that the $600 billion increase on top earners that was part of the late December agreement to prevent the government from going over the "fiscal cliff" were all the new revenue they will tolerate.
The administration maintains that Obama's proposal is balanced with the proper mix of spending cuts and tax increases.
Obama has presided over four straight years of annual deficits totaling more than $1 trillion, reflecting in part the lost revenue during a deep recession and the government's efforts to get the economy going again and stabilize the financial system.
The Obama budget's $1.8 trillion in new deficit cuts would take the place of the automatic $1.2 trillion in reductions required by a 2011 budget deal. That provision triggered $85 billion in automatic cuts for the current budget year, and those reductions, known as a "sequester," would not be affected by Obama's new budget.
The budget plan already passed by the GOP-controlled House would cut deficits by a total $4.6 trillion over 10 years on top of the $1.2 trillion called for in the 2011 deal. The budget outline approved by the Democratic-controlled Senate tracks more closely to the Obama proposal, although it does not include changes to the cost-of-living formula for Social Security.
miércoles, marzo 27, 2013
miércoles, marzo 13, 2013
martes, marzo 12, 2013
lunes, marzo 11, 2013
miércoles, marzo 06, 2013
martes, marzo 05, 2013
domingo, marzo 03, 2013
Boehner: ‘I don’t think anyone quite understands’ how sequester gets resolved
In an exclusive interview with NBC’s Meet the Press, House Speaker John Boehner said there is no easy way to stop the budget cuts -- known as the “sequester” -- that began taking effect Friday night, and voiced uncertainty over how Washington can solve the overall fiscal problems that have consumed the nation’s politics for more than two years.
In an exclusive interview on Meet the Press, House Speaker John Boehner weighs in the economic impact of the sequester and whether or not it will hurt the country's economy.
“I don't think anyone quite understands how it gets resolved,” Boehner admitted in his interview with NBC’s David Gregory.
Boehner explained his strategy in the Republicans’ tax-and-spending standoff with President Barack Obama, saying that he didn’t want to “arbitrarily pull out a couple of tax expenditures” just to raise the revenue needed to avert $85 billion in spending cuts which are being made this year.
The president and many of his administration officials have warned of dire consequences to government services and national security if the sequester happens as planned. But to avoid them and reach a deal, the president wants new tax increases, something Boehner and his fellow Republicans have insisted are off the table.
The spending cuts – which were intended to spur a bipartisan “grand bargain” on deficit reduction, entitlement reform and tax increases -- are part of the 2011 Budget Control Act which Obama signed into law.
Boehner voted for the law and urged his members to do likewise.
But now that the spending cuts are beginning, neither Boehner nor Obama wants them to continue. Yet they have been unable to reach an accord on an alternative measure.
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sábado, marzo 02, 2013
Obama, Team Struggle With Accuracy When Explaining Impact of Cuts
President Obama and top administration officials are struggling with accuracy in explaining the impact of billions in federal budget cuts known as sequester that kicked in Saturday morning -- even getting called out by a Capitol Hill superintendent about furloughs for support staffers.
Carlos Elias, the Capitol Building superintendent, sent out a memo Friday reminding staffers that the current sequestration plan does not include “reductions in force or furloughs” and that “pay and benefit of each of our employees will not be impacted.”
Though not directly mentioning Obama by name, Elias also said in the memo that a “high-ranking official said employees that clean and maintain the U.S. Capitol will receive a cut in pay.”
Hours before the memo was released, the president, in what appears to be the administration’s attempt to maximize the potential impact of the cuts, said at a press conference: “Starting tomorrow everybody here, all the folks who are cleaning the floors at the Capitol. Now that Congress has left, somebody’s going to be vacuuming and cleaning those floors and throwing out the garbage. They’re going to have less pay. The janitors, the security guards, they just got a pay cut, and they’ve got to figure out how to manage that. That’s real.”
The cuts were proposed by the president and agree upon by Congress in 2011 after Democrats and Republicans failed to agree on a more measured way to reduce the deficit. The $85 billion in cuts in 2013 to the Defense Department and domestic program will be more like $45 billion when pro-rated this year.
Last weekend, Education Secretary Arne Duncan told CBS “there are literally teachers now who are getting pink slips, who are getting notices that they can’t come back this fall." However, Duncan appeared to backpedaling Wednesday, coming up with just one example, a West Virginia county, and the disclaimer that “whether it’s all sequester-related, I don’t know.”
Officials in the state’s Kanawha County told The Washington Post that “transfer notices” were sent to at least 104 educators and they had more to do with how West Virginia allocates federal dollars designated for poor children.
PolitiFact, the Tampa Tribune’s fact-checking operation, has also reviewed officials’ sequester claims, concluding much has been “doomsday” and “worst-case-scenario” rhetoric.
The newspaper’s Pulitzer Prize-winning group found that Transportation Secretary Ray LaHood’s recent warning that air travel will be delayed because of Federal Aviation Administration cuts is just mostly true.
found that Transportation Secretary Ray LaHood’s recent warning that air travel will be delayed because of Federal Aviation Administration cuts is just mostly true.
"Flights to major cities like New York, Chicago, and San Francisco and others could experience delays of up to 90 minutes during peak hours because we have fewer (air traffic) controllers on staff,” LaHood said last week.
Thought sequester requires across-the-board cuts with no shifting of money between agency departments, there appears to be some flexibility in make the cuts, including $600 million from the FAA, experts told PolitiFact.
Rough one-third of FAA employees are controllers, so furloughs are possible. But agency Chairman Michael Huerta recently suggested cuts might start on the midnight shifts or at smaller and low-traffic facilities, which would at least in the short term spare the major airports.
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