Newsletter subscribe
Tag: Economy
cropped-favicon-32x32-f99355a52095081531e513d25559bb224e46bc24

House, Senate Republicans Jockey to Advance Short-Term Spending Measure

Posted: September 21, 2016 at 3:28 pm   /   Friends

The chairman of the largest conservative caucus in Congress is pushing House Republicans to pass a stopgap spending package before the Senate can finish work on its version. The government’s authority to spend money expires at the end of the fiscal year, Oct. 1. And Majority Leader Mitch McConnell, R-Ky., is racing ahead on the […]

Comments read more
160921_chart-1024x512-b5eaa1fcdd43d024b7f907c662f0946fa23aff54

Taxpayers Don’t Realize They’re Paying Billions to Service the National Debt

Posted: September 21, 2016 at 10:57 am   /   Friends

This past spring, Netflix—the beloved online video streaming service—announced it would raise its monthly subscription fees. The first price hike in June cost between $1 and $2 per month. One consumer was angry enough to file a class action lawsuit. This discontent is typical when consumers feel the impact of higher payments directly. But when costs go up […]

Comments read more
cropped-favicon-32x32-f99355a52095081531e513d25559bb224e46bc24

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 […]

Comments read more
cropped-favicon-32x32-f99355a52095081531e513d25559bb224e46bc24

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 […]

Comments read more
cropped-favicon-32x32-f99355a52095081531e513d25559bb224e46bc24

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 […]

Comments read more
cropped-favicon-32x32-f99355a52095081531e513d25559bb224e46bc24

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 […]

Comments read more
160916_chart-1024x512-04c5e57d46c005b969d9e723facd37da427f1406

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 […]

Comments read more
cropped-favicon-32x32-f99355a52095081531e513d25559bb224e46bc24

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 […]

Comments read more
cropped-favicon-32x32-f99355a52095081531e513d25559bb224e46bc24

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 […]

Comments read more