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Tag: Economy
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Opponents of CHOICE Act Aren’t Interested in Protecting Consumers

Posted: September 20, 2016 at 11:08 am   /   Friends

On Tuesday, Sept. 13, the House Financial Services Committee passed the Financial CHOICE Act. Among other needed financial reforms, the bill would make taxpayer-funded bailouts of big banks less likely and ease regulations that hurt community banks. It’s hardly a surprise that the vote (30–26) was largely along party lines, but some of the anti-CHOICE […]

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Myths vs. Fact on the Miners Protection Act

Posted: September 20, 2016 at 10:23 am   /   Friends

The Senate Finance Committee will mark up S.1714—the Miners Protection Act—on Wednesday, Sept. 21. This myth vs. fact analysis sets straight some common misinformation about the proposal. S.1714 would extend an existing bailout of some of the United Mine Workers of America’s unfunded health benefits to cover a larger group of UMW members (those who […]

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House Leadership Should Allow a Vote Against Cronyism

Posted: September 19, 2016 at 1:46 pm   /   Friends

Will House leadership snatch defeat out of the jaws of victory? They have so far, by not holding a vote on legislation that would effectively eliminate the poster child for cronyism: the U.S. Department of Agriculture’s catfish inspection program. There’s not much agreement in Washington, D.C., on many issues, but there’s widespread agreement about this […]

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Boeing Deal with Terrorist Iran Shadows Hill Fight on Export-Import Bank

Posted: September 19, 2016 at 10:18 am   /   Friends

Let’s put two and two together, shall we? For more than a year now, the U.S. Export-Import Bank has been limited to financing export deals of less than $10 million—a real hardship, evidently, for Ex-Im President Fred P. Hochberg and his buds who much prefer subsidies in the high nine digits for multinational corporations and […]

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Congress Is Set to Cave in to Higher Spending Again

Posted: September 16, 2016 at 2:33 pm   /   Friends

It’s an all too familiar sight: It’s the end of the fiscal year, and Congress is scrambling to keep the government open after it has shirked its responsibility to pass the requisite 12 appropriations bills all year. The end of the fiscal year is when Congress tends to throw fiscal responsibility out the window in […]

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What Happened After This Blue State Introduced an Income Tax to Balance Its Budget

Posted: September 16, 2016 at 1:10 pm   /   Friends

In 1991, Connecticut Gov. Lowell Weicker decried the state’s “orgies of spending,” and said his income tax proposal – that would include fiscal discipline – would balance the books. Connecticut recently marked the 25th anniversary of the income tax, which has resulted in little to no spending restraint. State spending grew 71 percent faster than […]

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Manchin’s Fictional Take on Pension History

Posted: September 16, 2016 at 11:09 am   /   Friends

In a Sept. 14 speech on the Senate floor, Sen. Joe Manchin, D-W.Va., called on his colleagues to honor a historical promise that simply doesn’t exist. In his effort to conjure up support for a taxpayer-financed bailout of a particular union-run pension plan—the United Mine Workers of America (UMW)—Manchin urged lawmakers to pass legislation that […]

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Conservatives Protest Possible Export-Import Bank Provision in Government Funding Bill

Posted: September 15, 2016 at 2:19 pm   /   Friends

Conservative lawmakers and groups who oppose the Export-Import Bank are squaring off against their Republican and Democratic counterparts who want to use a must-pass funding bill to restore the Export-Import Bank to its full operations. For more than a year, the controversial agency has not been able to approve transactions of more than $10 million […]

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The Trick Lawmakers Use to Hide Their Wasteful Spending

Posted: September 15, 2016 at 1:11 pm   /   Friends

Imagine, for a moment, that you’re running a restaurant (and if you are already, congratulations). Imagine, further, that every month you serve more and more of your food, but never restock the groceries, and never come up with a plan to buy more. At some point, your restaurant is going to hit a wall: You’ll […]

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