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2014 United States Federal Budget
The 2014 United States federal budget is the budget to fund government operations for the fiscal year (FY) 2014, which began on October 1, 2013 and ended on September 30, 2014. President Obama submitted the FY2014 budget proposal on April 10, 2013, two months past the February 4 legal deadline due to negotiations over the United States fiscal cliff and implementation of the sequester cuts mandated by the Budget Control Act of 2011. The House of Representatives passed its proposal, H.Con.Res 25, prior to the submission of the President's budget proposal, as did the Senate (S.Con.Res 8). The House and Senate budget resolutions were not reconciled as a final budget. At the time the fiscal year 2014 budget was debated, budgeting issues were controversial. Government spending had recently been limited by an automatic sequestration process that resulted when Congress and President Obama failed to meet spending reduction targets set by the Budget Control Act of 2011. The House and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barack Obama
Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004, and previously worked as a civil rights lawyer before entering politics. Obama was born in Honolulu, Hawaii. After graduating from Columbia University in 1983, he worked as a community organizer in Chicago. In 1988, he enrolled in Harvard Law School, where he was the first black president of the '' Harvard Law Review''. After graduating, he became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. Turning to elective politics, he represented the 13th district in the Illinois Senate from 1997 until 2004, when he ran for the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Health Care And Education Reconciliation Act Of 2010
The Health Care and Education Reconciliation Act of 2010 (, ) is a law that was enacted by the 111th United States Congress, by means of the reconciliation process, in order to amend the Affordable Care Act (ACA) (). The law includes the Student Aid and Fiscal Responsibility Act, which was attached as a rider. It was passed by the U.S. House of Representatives on March 21, 2010, by a vote of 220–211, and passed the Senate by a vote of 56–43 on March 25, after having two minor provisions relating to Pell Grants stricken under the Byrd Rule. A few hours later, the amended bill was passed by the House with the vote of 220–207. The Act was signed into law by President Barack Obama on March 30, 2010, at Northern Virginia Community College. Legislative history At the end of 2009, each house of Congress passed its own health care reform bill, but neither house passed the other bill. The Senate bill, the Patient Protection and Affordable Care Act, became the most viable ave ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republican Party (United States)
The Republican Party, also referred to as the GOP ("Grand Old Party"), is one of the two major contemporary political parties in the United States. The GOP was founded in 1854 by anti-slavery activists who opposed the Kansas–Nebraska Act, which allowed for the potential expansion of chattel slavery into the western territories. Since Ronald Reagan's presidency in the 1980s, conservatism has been the dominant ideology of the GOP. It has been the main political rival of the Democratic Party since the mid-1850s. The Republican Party's intellectual predecessor is considered to be Northern members of the Whig Party, with Republican presidents Abraham Lincoln, Rutherford B. Hayes, Chester A. Arthur, and Benjamin Harrison all being Whigs before switching to the party, from which they were elected. The collapse of the Whigs, which had previously been one of the two major parties in the country, strengthened the party's electoral success. Upon its founding, it supported c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Majority
A majority, also called a simple majority or absolute majority to distinguish it from #Related terms, related terms, is more than half of the total.Dictionary definitions of ''majority'' aMerriam-Webster Oxford English Dictionary an Cambridge English Dictionary It is a subset of a Set (mathematics), set consisting of more than ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barbara Boxer
Barbara Sue Boxer (née Levy; born November 11, 1940) is an American politician and lobbyist who served in the United States Senate, representing California from 1993 to 2017. A member of the Democratic Party, she previously served as the U.S. representative for California's 6th congressional district from 1983 until 1993. Born in Brooklyn, New York City, Boxer graduated from George W. Wingate High School and Brooklyn College. She worked as a stockbroker for several years before moving to California with her husband. During the 1970s, she worked as a journalist for the '' Pacific Sun'' and as an aide to U.S. Representative John L. Burton. She served on the Marin County Board of Supervisors for six years and became the board's first female president. With the slogan "Barbara Boxer Gives a Damn", she was elected to the United States House of Representatives in 1982, representing California's 6th district. Boxer won the 1992 election for the U.S. Senate. Running for a third ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Medicare (United States)
Medicare is a government national health insurance program in the United States, begun in 1965 under the Social Security Administration (SSA) and now administered by the Centers for Medicare and Medicaid Services (CMS). It primarily provides health insurance for Americans aged 65 and older, but also for some younger people with disability status as determined by the SSA, including people with end stage renal disease and amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease). In 2018, according to the 2019 Medicare Trustees Report, Medicare provided health insurance for over 59.9 million individuals—more than 52 million people aged 65 and older and about 8 million younger people. According to annual Medicare Trustees reports and research by the government's MedPAC group, Medicare covers about half of healthcare expenses of those enrolled. Enrollees almost always cover most of the remaining costs by taking additional private insurance and/or by joining a public Part C or P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barbara Lee
Barbara Jean Lee (née Tutt; born July 16, 1946) is an American politician serving as the U.S. representative for . Now in her 12th term, Lee has served since 1998, and is a member of the Democratic Party. The district, numbered as the 9th district from 1998 to 2013, is based in Oakland and covers most of the northern part of Alameda County. According to the Cook Partisan Voting Index, it is one of the nation's most Democratic districts, with a rating of D+40. Lee is a former chair of the Congressional Black Caucus (2009–2011) and the chair emeritus and former co-chair of the Congressional Progressive Caucus (2005–2009). She is the vice chair and a founding member of the Congressional LGBTQ+ Equality Caucus. Lee has also co-chaired the House Democratic Steering Committee since 2019. She has played a major role in the antiwar movement, notably in her vocal criticism of the Iraq War and for being the only member of Congress to vote against the authorization of use of forc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Todd Rokita
Theodore Edward Rokita (born February 9, 1970) is an American lawyer and politician serving as the 44th and current Attorney General of Indiana. He served as a member of the United States House of Representatives from from 2011 to 2019. A member of the Republican Party, he served two terms as Secretary of State of Indiana from 2002 to 2010. When Rokita was elected to office in 2002 at age 32, he became the youngest secretary of state in the United States at the time. Rokita was a candidate to replace Mike Pence in the 2016 Indiana gubernatorial election after Pence withdrew from the race to be Donald Trump's running mate in the 2016 U.S. presidential election. He lost to Eric Holcomb, Pence's lieutenant governor. Rokita vacated his U.S. House seat and unsuccessfully sought the Republican nomination for U.S. Senate in 2018. In 2020, Rokita defeated incumbent Curtis Hill for the Republican nomination for Indiana Attorney General, and in November 2020, Rokita won the general e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tom McClintock
Thomas Miller McClintock II (; born July 10, 1956) is an American politician serving as the U.S. representative for since 2009. His district stretches from the Sacramento suburbs to the outer suburbs of Fresno; it includes Yosemite National Park. A member of the Republican Party, McClintock served as a California state assemblyman from 1982 to 1992 and from 1996 to 2000, when he became a California state senator, a position he held until 2008. He unsuccessfully ran for governor of California in the 2003 recall election and for lieutenant governor of California in the 2006 election. Early life, education and early political career McClintock was born in White Plains, New York, and graduated in 1978 from the University of California, Los Angeles (UCLA). At 23, he was elected chair of the Ventura County Republican Party, and served until 1981. He was chief of staff to State Senator Ed Davis from 1980 to 1982. From 1992 to 1994, he served as director of the Center for the C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States House Committee On Ways And Means
The Committee on Ways and Means is the chief tax-writing committee of the United States House of Representatives. The committee has jurisdiction over all taxation, tariffs, and other revenue-raising measures, as well as a number of other programs including Social Security, unemployment benefits, Medicare, the enforcement of child support laws, Temporary Assistance for Needy Families, foster care, and adoption programs. Members of the Ways and Means Committee are not allowed to serve on any other House Committee unless they are granted a waiver from their party's congressional leadership. It has long been regarded as the most prestigious committee of the House of Representatives. The United States Constitution requires that all bills regarding taxation must originate in the U.S. House of Representatives, and House rules dictate that all bills regarding taxation must pass through Ways and Means. This system imparts upon the committee and its members a significant degree of influe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Tax In The United States
Corporate tax is imposed in the United States at the federal, most state, and some local levels on the income of entities treated for tax purposes as corporations. Since January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% following the passage of the Tax Cuts and Jobs Act of 2017. State and local taxes and rules vary by jurisdiction, though many are based on federal concepts and definitions. Taxable income may differ from book income both as to timing of income and tax deductions and as to what is taxable. The corporate Alternative Minimum Tax was also eliminated by the 2017 reform, but some states have alternative taxes. Like individuals, corporations must file tax returns every year. They must make quarterly estimated tax payments. Groups of corporations controlled by the same owners may file a consolidated return. Some corporate transactions are not taxable. These include most formations and some types of mergers, acquisitions, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alternative Minimum Tax
The alternative minimum tax (AMT) is a tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts. As of tax year 2018, the AMT raises about $5.2 billion, or 0.4% of all federal income tax revenue, affecting 0.1% of taxpayers, mostly in the upper income ranges. An alternative minimum taxable income (AMTI) is calculated by taking the ordinary income and adding disallowed items and credits such as state and local tax deductions, interest on private-activity municipal bonds, the bargain element of incentive stock options, foreign tax credits, and home equity loan interest deductions. This broadens the base of taxable items. Many deductions, such as mortgage home loan interest and charitable deductions, are still allowed under AMT. The AMT is then imposed on this AMTI at a rate of 26% or 28%, with a much higher exemption than the regular income tax. The Tax Cuts and Jobs Act of 2017 (TCJA) reduced the fracti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
