Last week, President Obama offered his plan for the federal budget. According to the President, his proposed $3.7 trillion budget for 2014 would cut deficits by $1.8 trillion over the next decade. The President’s plan includes a number of proposals, most notably: ending the “sequester” (that’s the current law that has automatically cut federal spending), reducing spending in the Medicare and Social Security programs, as well as tax increases that would primarily hit high-income households and corporations.
The United States spends more on health care than any other nation on earth. Yet, the U.S. has some of the worst health care outcomes of any nation in the developed world. Why is that? It’s due to the tortured way the nation runs its system.
It’s well established that the income gap between rich and poor in America has increased over the past few decades. Income inequality among developed nations is highest in the United States. Most of the growth in this inequality has been between the middle class and top earners, with the disparity becoming more extreme the further one goes up in income.
A Vermont House committee has killed legislation that would have levied a new tax on sugary soft drinks.
In a move that drew the comment "Holy Smokes!" from a member of the Senate Health and Welfare committee, the House panel voted 5-5 on the measure. The tie vote killed the bill the committee had spent weeks drafting.
The money would pay for public health education and to help smooth the transition to a health care overhaul.