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Share to Twitter Share to Linkedin Topline House Speaker Kevin McCarthy (R-Calif.) launched a personal attack against President Joe Biden on Thursday, as negotiations between the White House and GOP lawmakers surrounding two high-stakes fiscal issues—the debt ceiling and the federal budget—are deadlocked. Key Facts McCarthy offered Thursday to meet with Biden “tonight” to discuss increasing the U.S.’ federal borrowing limit, offering to bring “soft foods” to a White House lunch if Biden would agree to a sit-down, in what appears to be a ham-fisted attempt to ridicule the president about his age. (At 80, Biden is the oldest president in history.) The offer is a non-starter, however, as the White House has repeatedly called on Congress to pass a debt ceiling increase with no strings attached and said it will not negotiate with Republicans on increasing the borrowing limit, which the federal government is expected to reach some time in late summer. … [Read more...] about McCarthy Mocks Biden Amid Debt Ceiling Standoff—Offering To Bring ‘Soft Foods’ To Negotiating Table

Share to Twitter Share to Linkedin President Biden’s fiscal year 2024 budget would revive 2021’s enhanced child tax credit (CTC) with some new twists that seek to make the credit work better for families. But in doing so, the plan would likely deliver extra benefits to some very well-off families. It could also increase complexity – pushing against a key argument for operating benefit programs through the tax system . First, the good stuff. The proposal would extend full refundability permanently, allowing even very low-income families to receive the full benefit of the CTC. Full refundability is critical to reducing child poverty , especially among Black and Hispanic children. Under current law, about 19 million children in low-income families fail to get the maximum credit because their parents don’t earn enough money. As in 2021, younger children would qualify for larger benefits than older children – an idea backed by research . This … [Read more...] about Biden’s Child Tax Proposal Would Help Many But Presents Administrative Challenges

Journalism is not a profession given to pleasing the rich and powerful on a regular basis. One certainty of the trade — at least if you are doing it correctly — is that not everyone appreciates seeing the truth about themselves in print for all the world to read (or at least the Baltimore metropolitan area). In its nearly two centuries of following the promise of “Light For All,” The Baltimore Sun’s reporters, photographers, editors and others have received their share of bluster, threats and legal filings thrown at them from influential politicians, public figures, business people and, yes, even the owners of sports franchises inconvenienced by objective reality. You think your job has its annoyances? Try getting in a shouting match with Baltimore Colts’ owner Bob Irsay as he blatantly lied about his plans to move the NFL franchise out of Charm City three decades ago. Was The Sun wrong to challenge his false narrative? To press for answers? To look out for the interests of all … [Read more...] about How can The Sun dare to hold O’s ownership accountable? How can we not? | COMMENTARY