Tag: congressional budget office

The Sequester from a business prespective
ecthompsonmd March 6, 2013

With the Dow Jones hitting all-time highs, I thought that it would be instructive to see what Wall Street thought about the sequester. A few thoughts from Goldman Sachs: In 2011, Congress passed and the President signed the Budget Control Act, which raised the debt limit by $2.1 trillion and cut $2.1 trillion from projected spending over the following ten years. Caps on discretionary spending levels were estimated to reduce spending by $900bn compared with baseline projections that assumed spending would growth with inflation. The remainder of the savings was to be achieved by the congressional “super committee.” To motivate the

Read More
Fiscal Cliff – We got a parachute
ecthompsonmd January 1, 2013

Once again at the 12th hour a deal is reached. Over the next several days we will get more details on this deal. Here’s what I think that we have: Bush tax cuts: The deal would extend all of the Bush tax cuts for incomes below $400,000 for individuals and $450,000 for families, while reinstating the Clinton-era 39.6 percent tax rate for income above those thresholds. It will also push the capital gains rate on investment income back to 20 percent for income above $400,000 for individuals and $450,000 for families. President Obama had asked for an extension of rates only for

Read More
Fixing the Budget (Part Two)
ecthompsonmd August 12, 2011

Again, I’d like to point all of my readers to a nice interactive graphic on New York Times.com. Yesterday, I focused on domestic programs, foreign aid and the military. Today, I’m going to look at taxes and healthcare. Healthcare Enact Medical Malpractice Reform – according to the Congressional Budget Office this would save $8 billion in the short term and $13 billion in the long term. I could talk about malpractice reform for hours. I think it needs to be done. I also think that patients who are harmed should have some restitution. We can talk about this another day. Right

Read More
Subscribe for updates!
ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

Books

A Letter to America

Get a copy now

The Thirteeneth Juror

Where is The Outrage Topics
Categories
FOLLOW ME ON
Facebook Twitter Youtube