Food and Drug Administration Recalls for September 16th to the 23rd
Section: US News
The fiscal cliff deal (see above video) makes permanent the Bush middle class tax cuts including the earned income and child tax credits. The deal also permanently fixes the Alternative Minimum Tax. Top tax rate returns to Clinton-era 39% tax rate. Those making over $290,000 per year will pay 19% on their capital gains and dividends taxes and those making over $450,000 will pay a 24% rate. Starting at $250,000, tax loopholes will be progressively reduced. The estate tax will increase from 35% to 45%. This makes the American tax system progressive which it hasn’t been for twenty years. The deal extends tax credits for small businesses. The deal includes a $2,500 tax credit for college. Unemployment insurance is extended for a full year. The deal reduces the deficit by $740 billion dollars over the next ten years, in addition to the $1.7 trillion dollars in reductions that have already been made.
However, this deal only represents a partial budget. The President released his proposed 2013 full budget details (256 page budget for 2013 plus 100 pages in updates) back in February and those details can be found here. The budget has been misrepresented across the media. Common misrepresentations include the claim that no budget has been released, misrepresenting the content, that the proposal doesn’t reduce the deficit and that it includes a lot of pork belly spending. Below are the highlights of the actual budget with full text quotes and highlights – no punditry or interpretation. What do you disagree with?
The President’s proposal continues spending caps he proposed in 2011 that will generate approximately $1 trillion in deficit reduction over
the next decade. The 2012 bill will reduce spending by another $4 trillion over the next decade.
President Obama said
To address other looming, long-term challenges to our fiscal health, I have put forward a wide range of mandatory savings. These include reductions in agricultural subsidies, changes in Federal employee retirement and health benefits, reforms to the unemployment insurance system and the Postal Service, and new efforts to provide a better return to taxpayers from mineral development. Drawn from the plan I presented to the Joint Select Committee on Deficit Reduction, these mandatory proposals would save $217 billion over the next decade.
Higher Taxes for the Wealthy, Fewer Tax Breaks for Oil Companies and the Buffett Rule.
“In the Budget, I reiterate my opposition to permanently extending the Bush tax cuts for families making more than $250,000 a year and my opposition to a more generous estate tax than we had in 2009 benefiting only the very largest estates. These policies were unfair and unaffordable when they were passed, and they remain so today. I will push for their expiration in the coming year. I also propose to eliminate special tax breaks for oil and gas companies; preferred treatment for the purchase of corporate jets; tax rules that give a larger percentage deduction to the wealthiest two
percent than to middle-class families for itemized deductions; and a loophole that allows some of the wealthiest money managers in the country to pay only 15 percent tax on the millions of dollars they earn. And I support tax reform that observes the “Buffett Rule” that no household making more than
$1 million annually should pay a smaller share of its income taxes than middle-class families pay.”
Increase Spending on Medicare and Medicaid
“I am proposing more than $360 billion in reforms to Medicare, Medicaid, and other health programs over 10 years. The goal of these reforms is to make these critical programs more effective and efficient, and help make sure our health care system rewards high-quality medicine. What it does not do—and what I will not support—are efforts to turn Medicare into a voucher or Medicaid into a block grant. Doing so would weaken both programs and break the promise that we have made to American seniors, people with disabilities, and low-income families—a promise I am committed to keeping.”
Extends payroll tax cut and unemployment benefits for the rest of this year. This was accomplished in the fiscal cliff deal
“$1.35 billion to provide Veterans Affairs services for homeless and at-risk veterans.”
“When I took office, I set the goal for America to have the highest proportion of college graduates in the world by 2020. To reach that goal, we increased the maximum annual Pell Grant by more than $900 to help nearly 10 million needy students afford a college education. The 2013 Budget continues that commitment and provides the necessary resources to sustain the maximum award of $5,635. In this Budget, I also propose a series of new proposals to help families with the costs of college including making permanent the American Opportunity Tax Credit, a partially refundable tax credit worth up to $10,000 per student over 4 years of college, and rewarding colleges and universities that act responsibly in setting tuition, providing the best value, and serving needy students well.”
“To help our students graduate with the skills they will need for the jobs of the future, we are continuing our effort to prepare 100,000 science and math teachers over the next decade. To improve our elementary and secondary schools, we are continuing our commitment to the Race to the Top initiative that rewards the most innovative and effective ways to raise standards, recruit and retain good teachers, and raise student achievement. My Budget invests $850 million in this effort, which already has been expanded to cover early learning and individual school districts.”
“The President’s Budget recommends reauthorization and reform of the Career and Technical Education (CTE) program, currently set to expire in 2013. The Administration’s $1.1 billion reauthorization proposal would restructure CTE to align what students learn in school with the demands of 21st Century jobs. The Budget also invests in immediate job-creation measures to increase substantially the number of students enrolled in Career Academies, a particularly successful educational model for young people. "
Reforming Job Corps
“The 2013 Budget launches a bold reform effort for Job Corps to improve program outcomes and strengthen accountability. Specifically, the Administration intends to fund Job Corps centers in every State, but close by program year 2013 the small number of Job Corps centers that are chronically low-performing, to be identified using criteria that will be published in advance. The Administration will also shift the program’s focus toward the strategies that were proven most cost-effective in evaluations of Job Corps, strengthen the performance measurement system, and provide information to the public about each Job Corps center’s performance in a more transparent way.”
Creating More Innovation
“To create jobs in the 21st Century economy, we need to create an environment where invention, innovation, and industry can flourish. We need to
build a future in which our factories and workers are busy manufacturing the high-tech products that will define the century. We need an economy
not built on bubbles and financial speculation, but one built on creating and selling through-out the world products that are stamped, “Made in America.” Doing that starts with continuing investment in the basic science and engineering research and technology development from which new products, new businesses, and even to double the budgets of three key basic research agencies: the National Science Foundation (NSF), the Department of Energy’s (DOE’s)Office of Science, and the National Institute of Standards and Technology (NIST) labs. Basic research has been America’s great strength, creating whole new industries and jobs. Especially as the private sector has reduced the amounts it dedicates to this type of research, it is critical that the Federal Government dedicates funds to it. Consequently, the Budget builds upon previous investments, including $13.1 billion in research programs and projects at these three agencies. Within these agencies, funds will be focused on basic research directed at priority areas, such as clean energy technologies, the bio-economy, advanced manufacturing technologies, “smart” infrastructure, wireless communications, and cybersecurity.”
“Providing $51 million at NSF for an interdisciplinary program to develop innovative approaches and technologies to enable more flexible and efficient access to the radio spectrum—an investment that reflects the large and growing importance of the wireless communications sector.”
The budget supports
“the Long-Term Competitiveness of American Manufacturing. The Administration proposes $149 million, an increase of $39 million above the 2012 enacted level, for research at NSF targeted at developing revolutionary new manufacturing technologies in partnership with the private sector. This advanced manufacturing research is part of a larger $225 million research initiative aimed at transforming static systems, processes, and infrastructure into adaptive, pervasive “smart” systems with embedded computational intelligence that can sense, adapt, and react. The Administration also proposes $708 million, $86 million above the 2012 enacted level, for NIST labs to expand research in areas such as bio-manufacturing and nano-manufacturing, and $21 million for a new Advanced Manufacturing Technology Consortia program, a public-private partnership that will support road maps and research to address common manufacturing challenges faced by private sector businesses. In addition, the Administration proposes $290 million—more than double the amount in 2012 —for the Advanced Manufacturing Office at the DOE Office of Energy Efficiency and Renewable Energy. This Office will fund activities on innovative manufacturing processes and advanced industrial materials that will enable U.S. companies to cut the costs of manufacturing by using less energy, while improving product quality and accelerating product development. In total, the Budget provides $2.2 billion for Federal advanced manufacturing R&D, a 19 percent increase over 2012.”
“Enact an Historic $476 Billion, Six-Year Surface Transportation Reauthorization and Better Allocate Those Dollars to Get Results. "
Establish a National Infrastructure Bank that would issue loans and loan guarantees to eligible projects. Loans issued by the NIB could be extended up to 35 years.
Bring Next-Generation, Wireless Broadband to All Parts of the Country
“Voluntary incentive auctions, along with other measures to enable more efficient spectrum management, will provide $10 billion in funds and reserved spectrum to help us build an interoperable wireless broadband network for public safety and allow for seamless use by first responders across the country; invest in spectrum innovation, including setting aside spectrum for unlicensed use; and reduce the deficit by $21 billion over the next 10 years.”
“Build a 21st Century Aviation System That Reduces Delays and Improves Safety. The Budget provides more than $1 billion for the Federal Aviation Administration for implementation of the Next Generation Air Transportation System, a multi-year, interagency effort to improve the efficiency, safety, and capacity of the aviation system.”
Invest in High-Priority Water Resources Infrastructure.
“In the 2013 Budget, the Administration gives priority for funding the operation and maintenance of the key infrastructure that is most important to the Nation, including navigation channels that serve our most heavily used coastal ports and inland waterways, such as the Mississippi and Ohio Rivers, and the Illinois Waterway. The Budget also emphasizes investing in projects that address a significant risk to life and public safety, and projects that will restore significant aquatic ecosystems. "
A total of over $10 billion derived from the sale and reallocation of spectrum to foster the creation of an advanced, Interoperable Communications System for First Responders.
Maintain current levels of spending on Travel and Support Border Security
Strengthen Immigration Verification.
“The Budget proposes $132 million to enhance immigration-related verification programs at U.S. Citizenship and Immigration Services and support the nationwide deployment of E-Verify Self Check. E-Verify Self-Check is a free service that empowers individuals to check their own employment eligibility status and allows workers to protect themselves from potential workplace discrimination. Additionally, the Budget supports continued enhancements to the Systematic Alien Verification for Entitlements (SAVE) program which assists Federal, State, and local benefit-granting agencies in determining eligibility for benefits by verifying applicants’ immigration status. Both SAVE and E-Verify promote compliance with immigration laws and prevent individuals from obtaining benefits they are not eligible to receive.”
Energy and The Environment
“Moreover, this Budget continues my Administration’s commitment to developing America’s diverse, clean sources of energy. The Budget eliminates unwarranted tax breaks for oil companies, while extending key tax incentives to spur investment in clean energy manufacturing and renewable energy production. The Budget also invests in R&D to catalyze the next generation of clean energy technologies. These investments will help us achieve our goal of doubling the share of electricity from clean energy sources by 2035. By promoting American leadership in advanced vehicle manufacturing,
including funding to encourage greater use of natural gas in the transportation sector, the Budget will help us reach our goal of reducing oil imports by one-third by 2025 and position the United States to become the first country to have one million electric vehicles on the road by 2015. We also are
working to decrease the amount of energy used by commercial and industrial buildings by 20 percent to complement our ongoing efforts to improving the efficiency of the residential sector. And we will work with the private sector, utilities, and States to increase the energy productivity of American
industries while investing in the innovative processes and materials that can dramatically reduce energy use.”
Some of the goals of these investments include
“Double the Share of Electricity from Clean Energy Sources by 2035. The President’s proposed Clean Energy Standard is the centerpiece of the Administration’s strategy to ensure strong American leadership in the clean energy economy. To support this goal, the Budget increases funding for renewable energy research and development; supports advances in fossil energy technologies that reduce carbon emissions from coal-fired power plants; supports nuclear energy; and promotes the expansion and use of clean energy across the country including rural areas. The Budget also extends key tax incentives to encourage investment in wind energy and clean energy technology.”
“Put One Million Advanced Technology Vehicles on the Road by 2015.”
“$368 million to fund the two new bureaus that oversee offshore oil and gas development, the Bureau of Ocean Energy Management and the Bureau of Safety and Environmental Enforcement. These funds will be used to: hire new oil and gas inspectors, engineers, scientists, and other key staff to oversee industry operations; establish real-time monitoring of key drilling activities; conduct detailed engineering reviews of offshore drilling and production safety systems; and implement more aggressive reviews of company oil spill response plans. The Budget also includes $45 million for the
Department of Energy, the Environmental Protection Agency, and the U.S. Geological Survey for a coordinated effort among these agencies to conduct an R&D program aimed at reducing the potential health, safety, and environmental risks of hydraulic fracturing for natural gas and oil production from shale formations.”
“Increases support to States and Tribes by approximately $93 million for implementation of delegated air quality management and water pollution control programs.”
“Decreases EPA funding from 2012 levels by $105 million”
Corporate Tax Reform
“It is also time for government to do its part to help make it easier for entrepreneurs, inventors, and workers to grow their businesses and thrive in the global economy. I am calling on Congress to immediately begin work on corporate tax reform that will close loopholes, lower the overall rate, encourage investment here at home, simplify taxes for America’s small businesses, and not add a dime to the deficit. Moreover, to further assist these companies, we need a comprehensive reorganization of the parts of the Federal Government that help businesses grow and sell their products abroad. If given consolidation authority—which Presidents had for most of the 20th century—I will propose to consolidate six agencies into one Department, saving money, and making it easier for all companies—especially small businesses—get the help they need to thrive in the world economy.”
“Over the nearly three decades since the last comprehensive reform effort, the tax system has been loaded up with revenue-side spending such as special deductions, credits, and other tax expenditures that help well-connected special interests, but do little for middle-class families or our Nation’s economic growth. Now more than ever, when we want to compete and win in the world economy, we cannot afford a tax code burdened with special interest tax breaks.”
Improve the Patent System and Protect Intellectual Property.
“The Budget proposes to give the U.S. Patent and Trademark Office (USP-TO) full access to its fee collections and strengthen USPTO’s efforts to improve the speed and quality of patent examinations through reforms authorized by the America Invents Act. This will provide USPTO with more than $2.9 billion in resources in 2013.”
“Increases funding for the investigation and deterrence of intellectual property crime by $5 million for additional attorneys and FBI agents, bringing total spending to nearly $40 million annually.”
After a Pentagon review, the President made a comprehensive plan to modernize the military and strengthen the military at home as the U.S. transitions out of Afghanistan. The key elements to the new strategy are
“To sustain a global reach, we will strengthen our presence in the Asia Pacific region and continue vigilance in the Middle East. We will invest in critical partnerships and alliances, including NATO, which has demonstrated time and again—most recently in Libya—that it is a force multiplier. Looking past Iraq and Afghanistan to future threats, the military no longer will be sized for large-scale, prolonged stability operations. The Department of Defense will focus modernization on emerging threats and sustaining efforts to get rid of outdated Cold War-era systems so that we can invest in the capabilities we need for the future, including intelligence, surveillance and reconnaissance capabilities. My Administration will continue to enhance capabilities related to counterterrorism and countering weapons of mass destruction, and we will also maintain the ability to operate in environments where adversaries try to deny us access. And, we will keep faith with those who serve by giving priority to our wounded warriors, service members’ mental health, and the well-being of military families. Adapting our forces to this new strategy will entail investing in high-priority programs, such as unmanned surveillance aircraft and upgraded tactical vehicles. It will mean terminating unnecessary and lower-priority programs such as the C-27 airlift aircraft and a new weather satellite and maintaining programs such as the Joint Strike Fighter at a reduced level. All told, reductions in the growth of defense spending will save $487 billion over the next 10 years. In addition, the end of our military activities in Iraq and the wind-down of operations in Afghanistan will mean that the country will spend 24 percent less on overseas contingency operations (OCO) this year than it did last year, saving $30 billion. I also am proposing a multi-year cap on OCO spending so that we fully realize the dividends of this change in policy.”
“… expensive programs such as the Joint Strike Fighter, which are designed to counter the potential threat from a sophisticated adversary, will continue, but at a reduced level. In support of the new defense strategy, where possible, DOD will continue to rely on proven existing systems rather than developing new ones, and lower-priority programs will be terminated or reduced, including the C-27 airlift aircraft, High Mobility Multi-Purpose Wheeled Vehicle Recapitalization, and a new weather satellite. In addition, the Navy will truncate the Joint High Speed Vessel program after buying 10 ships, sufficient to meet its core requirement. The Administration is committed to maintaining a healthy industrial base and will work to mitigate adverse effects on workers and industry.”
The Budget provides $9.7 billion for ballistic missile defense, $96 million for Medical Countermeasures Initiative activities, which span regulatory science, strategic investment in novel technologies, $769 million to support the operations of the National Cyber Security, $1.2 billion for biological, chemical, radiological and nuclear defense programs, including medical counter-measures and $180 million for global disease surveillance.
The budget calls for improved embassy security and $800 million to the Middle East and North Africa regions to promote stability. In addition, the Budget fully funds the balance of the Administration’s historic three-year and $4 billion pledge to the Global Fund to Fight AIDS. Administration also maintains strong support for food aid and other humanitarian assistance, including over $4 billion to help internally-displaced persons, refugees, and
victims of armed conflict and natural disasters.
“Invests more than $700 million to investigate and prosecute financial crimes, an increase of $55 million over 2012. The Budget provides funding for additional FBI agents, criminal prosecutors, civil litigators, in-house investigators, and forensic accountants to improve the Department’s capacity to investigate and prosecute the full spectrum of financial fraud.”
“Consistent with Administration-wide efforts to help States maximize effective activities, the Budget continues to assist State and local criminal justice programs with more than $2 billion in program assistance for police hiring, general purpose criminal justice assistance, violence against women programs, and Second Chance Act grants; the same as in 2012.”
“The Budget provides $312 million for Juvenile Justice and Child Safety programs that assist States with their juvenile justice systems. Research indicates that more than 60 percent of children have been exposed to violence, crime, and abuse. This problem has significant consequences for individuals, families, and communities at-large, which makes these Juvenile Justice and Child Safety programs an essential part of the State and local assistance portfolio. "
The Budget also provides $20 million for the Adam Walsh Child Protection and Safety Act implementation.
“The Budget provides $153 million in prisoner reentry and jail diversion programs, including $80 million for the Second Chance Act programs and $52 million for problem-solving grants supporting drug courts, mentally ill offender assistance, and other problem-solving approaches. With 2.3 million people in U.S. prisons and 1 in 32 American adults under some kind of correctional supervision, these programs aim to divert individuals from incarceration, reduce recidivism, and achieve public safety in a more sensible way.”
The Budget provides $20 million for the Byrne Criminal Justice Innovation Program which provides assistance to high-risk neighborhoods.
$26 billion in loan guarantees for small businesses to enable them to invest, expand, and create jobs.
$1 billion in long-term disaster recovery loans for homeowners, renters, and businesses of all sizes.
$12 million over five years to support transitions to a cloud-based computing model to improve information technology flexibility, maximize capacity utilization, and increase innovation.
by Todd Miller
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