George Wenschhof Bio
President Barack Obama's FY 2010 Budget to receive plenty of scrutiny - the summary for the fiscal year which begins October 1, 2009 was released yesterday. Full details of the budget will not be available until April. The total may reach 3.55 Trillion with the deficit near 1.75 Trillion. CNN.com has more here.
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President Obama proposes 1 Trillion in tax increases over the next decade on the wealthiest of Americans and companies - set to begin in 2011, this will reverse the Bush administration's policy and revert back to rates present during the Clinton administration. The highest rates of 33% and 35% would be increased to 36% and 39.6%. Capital gains tax would be increased from 15% to 20%. It is estimated this will affect 2.6 million taxpayers. The Republican trickle down theory has never proven to work. Bloomberg.com has more here.
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Vice president Joe Biden will be in Philadelphia today to chair the first meeting of the Middle Class Task Force - the meeting will include many members of the Cabinet from Labor, Energy, Agriculture, HUD, Education and Transportation. The meeting will be held at the William B. Irwin Auditorium at the University of Pennsylvania. WhiteHouse.gov has more here.
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Washington D.C. close to receiving vote in Congress - the only city without a vote in Congress moved a little closer yesterday when the Senate voted 61-37 to add a floor vote to their Representative. Currently, their Representative could serve on House committees, but have no vote on the floor. The bill still needs to pass the House and is expected to do so easily. The strange part is a amendment attached to the senate bill repealing all of the gun control laws in the district. Expect this to be removed as the bill is reconciled. The Washington Post has more here.
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CPAC set to hold straw poll for Republican Presidential candidates tomorrow - The Conservative Political Action Conference will conclude their three day meeting with the announcement of the results of who won the straw poll. The contenders for the dubious honor are all former or current Governors. The usual suspects include Jindal, Palin, Huckabee, Romney, Sanford, and Pawlenty. First, I wonder who will win and second, I wonder if the winner will flaunt the honor - egaad! MSNBC.com has more here.
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Democratic Party Leaders not happy with Obama plan for withdrawal from Iraq - the issue is not the extension from 16 to 19 months but rather the change from all troops to two-thirds of the troops. The 50,000 Troops planned to remain in Iraq has angered House Speaker Nancy Pelosi (Calf.), Senate Majority Leader Harry Reid (Nev.), and Senator Charles Schumer (NY). Stay Tuned. Politico.com has more here.
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Special envoy George Mitchell in Israel for talk with Leaders - Israel's recent election was extremely close resulting in the more hard liner Benjamin Netanyahu, who does not believe in Palestinian statehood, being designated as Prime Minister. The moderate Tzipi Livni who lost the close election has not agreed to work as part of the Netanyahu government. This is the second trip in the last month for Mitchell who met with both Livni and Netanyahu yesterday. You can read more here.
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