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Keyword: congress

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  • Just the Facts on Big Spending

    05/25/2012 8:09:21 AM PDT · by 92nina
    ATR ^ | 2012-05-24 | Hugh Johnson
    Unlike most normal people, we closely follow Twitter wars between competing economists. On Wednesday, AEI economist James Pethokoukis took issue with Rex Nutting of MarketWatch.com who claimed Obama is not a big spender because spending rose 1.4 percent during his Presidency. First of all, Nutting doesn’t give credit to Tea Party conservatives for preventing rapid spending growth of the kind President Obama’s budget proposes. Secondly, Pethokoukis points at two overlapping metrics which accurately show Obama’s big spending tendencies—baseline spending and spending as GDP. Nutting’s baseline is FY2009 part of which fell under Bush’s final budget and represented the initial injection...
  • Republicans Backing Off Holder Contempt Charges, Exemplifies Systemic RINO Problem

    05/24/2012 5:24:37 AM PDT · by afraidfortherepublic · 53 replies
    The American Thinker ^ | 5-24-12 | M. Catherine Evans
    Republicans in Congress better wake up and start freezing some of their own targets against the left if they hope to see a GOP victory in November. The level of corruption, from murdered federal agents to looting taxpayer monies got green companies like Solyndra to the war on religion should be enough to have our elected representatives up in arms. Yet, there are still legislators who remain squeamish in the face of our constitutional republic's impending demise. Sarah Palin got it right on Monday while on Fox News' "Hannity." "This phony, hypocritical, one-sided call for a cease-fire by the left...
  • Washington power seekers wage war against due process

    05/24/2012 10:14:12 AM PDT · by Oldpuppymax
    Coach is Right ^ | 5/24/2012 | Doug Book
    Before the dust began to settle around New York City’s twin towers, Washington’s political elites were contemplating the benefits in sheer legislative power a terror attack of such magnitude could bestow upon the benevolent despots of Capitol Hill. In a secretly recorded, 1992 address to the Bilderberg Organization, Henry Kissinger made this statement: “Today’s Americans would be outraged if U.N. troops entered Los Angeles to restore order; tomorrow they will be grateful. This is especially true if they were told there was an outside threat from beyond, whether real or promulgated, that threatened [their] very existence.” Though Kissinger was speaking...
  • Sen. Reid Blocks Ban on $4 Billion Illegal Immigrant Tax Credit Loophole

    05/23/2012 6:35:07 PM PDT · by blueyon · 37 replies
    Breitbart ^ | 5/23/2012 | Wynton Hall
    A bill that would close an IRS tax credit loophole that allows the IRS to funnel over $4 billion to illegal immigrants is being held up by Sen. Harry Reid (D-NV). Sen. Jeff Sessions (R-AL), a senior member of the Senate Judiciary Committee and the Ranking Member of the Senate Budget Committee, has been vocal in his disdain for the blatant misuse of taxpayer monies: I’m disappointed that the Majority Leader objected to our effort today to prevent billions in tax credits from being wrongly sent to illegal immigrants claiming they have dependents, many of whom do not live in...
  • The House's octogenarian incumbents

    05/24/2012 8:39:12 AM PDT · by SmithL · 12 replies
    San Francisco Chronicle ^ | 5/24/12 | Debra J. Saunders
    When Sen. Richard Lugar, R-Ind., lost the GOP primary to challenger Richard Mourdock this month, Beltway types saw the voters' verdict as a victory for the Tea Party and a defeat for the kind of Republican who could work across the aisle. I think Lugar, 80, lost because he was out of touch with Indiana. He started the primary registered to vote at an Indiana home he had sold in 1977. The Lugars have resided in Virginia ever since. Lugar had been working in Washington for so long that he didn't realize he needed to keep up at least the...
  • THE CRISIS OF LEGITIMACY: Boehner said to be blocking Issa committee vote on contempt

    05/22/2012 6:01:28 PM PDT · by Nachum · 39 replies
    Sipsey Street Irregulars ^ | 5/22/12 | Dutchman6
    Lapdog AP reporter Jordy Yager writes: Rep. Issa might not have the votes to push forward Holder contempt charge> Rep. Darrell Issa (R-Calif.) might not have the votes in his own committee to hold Attorney General Eric Holder in contempt of Congress. A number of Republicans on the House Oversight and Government Reform Committee are wary of moving forward with Issa’s proposed measure, putting the powerful chairman in an awkward position as he attempts to build support for the move. . . Two of the committee’s 23 Republicans have declined to support the measure at this point, while five other...
  • Excerpt from Elaine May's "A New Leaf" (1971). With Walter Matthau (This is our economy today)

    05/23/2012 7:42:41 AM PDT · by Beave Meister · 7 replies
    Excerpt from Elaine May's "A New Leaf" (1971). The idle and spoiled Henry Graham (Matthau) learns from his accountant/lawyer (William Redfield) that he (Graham) is broke.
  • Reid Blames Tea Party Extremism for Looming 'Taxmaggedon'

    05/22/2012 4:45:23 PM PDT · by QT3.14 · 24 replies
    Yahoo News ^ | May 22,2012 | Sunlun Miller
    Another line in the sand has been drawn as Congress faces a daunting lame-duck year-end fiscal crisis dubbed around Capitol Hill as "Taxmaggedon." Senate Majority Leader Harry Reid, D-Nev., responded to a letter from Senate Republicans today in which they called for an immediate extension of the Bush tax cuts, with a message of his own: that's impossible before the election.
  • Student Loan Payroll Tax Increase: Another Attack on Small Business

    05/21/2012 11:34:19 AM PDT · by TribalPrincess2U · 15 replies
    heritage.org ^ | May 8, 2012 | By Curtis Dubay
    President Obama is campaigning heavily for Congress to prevent the lapsing of a special low-interest rate on student loans. Specifically, unless deferred, the interest rate will rise from 3.4 percent to 6.8 percent on federal Stafford student loans issued after July 1, says Curtis Dubay, a senior policy analyst at the Heritage Foundation. Senate Majority Leader Harry Reid (D–NV) has proposed to offset the cost of continuing to subsidize these loans by raising taxes on small businesses to the tune of $9 billion over 10 years.[2] This is the latest in a series of tax increases on small businesses pursued...
  • Ted Deutch wants to stifle free speech

    05/21/2012 7:12:05 AM PDT · by SmileRight · 16 replies
    BIZPACReview.com ^ | 5/21/2012 | John R. Smith
    Ted Deutch has passed the point of merely being wobbly on business issues. The Florida congressman is now firmly entrenched in the anti-business ranks of the Beltway. Deutch crossed the line when he introduced a bill in the U.S House to silence the financial voice of American business in our elections process. He is proposing an amendment to the U.S. Constitution banning businesses, and political groups created by businesses, from contributing money to political candidates at the federal, state and local levels. Deutch would also forbid spending money to influence the outcome of ballot issues. He believes that businesses should...
  • Will U.S. Sovereignty Be LOST At Sea? Obama Signs U.N. Treaty That Redistributes Drilling Revenues

    05/20/2012 10:18:50 AM PDT · by Innovative · 207 replies
    Forbes ^ | may 20, 2012 | Forbes OpEd
    A proposed Law of the Sea Treaty (LOST), which has been signed by President Obama but not yet ratified by Congress, will subordinate U.S. naval and drilling operations beyond 200 miles of our coast to a newly established U.N. bureaucracy. If approved, it will grant a Kingston, Jamaica-based International Seabed Authority (ISA) the power to regulate deep-sea oil exploration, seabed mining, and fishing rights. As part of the deal, as much as 7% of U.S. government revenue that is collected from oil and gas companies operating off our coast will be forked over to ISA for redistribution to poorer, landlocked...
  • Extend the Bush Tax Cuts Now

    05/18/2012 4:51:08 AM PDT · by Kaslin · 10 replies
    Townhall.com ^ | May 18, 2012 | Larry Kudlow
    House Speaker John Boehner is playing a heroic role right now. In his efforts to prevent the Bush tax cuts from expiring, Boehner is aggressively taking on President Obama's leadership ineptitude on the economy. In essence, Boehner is pushing a Republican policy to wrap up a debt-limitation bill and extend the Bush tax cuts in one fell swoop before the election -- and before all the last-minute, crisis-oriented political machinations that would come in a lame-duck Congress, threatening another credit downgrade and leading to a business-hiring freeze and plunging stock market, all of which happened last year. Tax-cut certainty is...
  • Prepare for War? – ALERT Republican-Led House Votes to ALLOW Military Action Against Iran

    05/19/2012 5:07:13 PM PDT · by Whenifhow · 15 replies
    theintelhub .com ^ | May 19, 2012 | Staff
    The Republican led House has voted to allow U.S. military action against Iran if the regime threatens the U.S. or it’s allies (Israel) with nuclear weapons. According to a section of the National Defense Authorization Act, “it shall be the policy of the United States to take all necessary measures, including military action if required, to prevent Iran from threatening the United States, its allies or Iran’s neighbors with a nuclear weapon,” reported Raw Story. The use of the word threaten literally makes it possible for the U.S. to attack Iran whenever they please by simply claiming that they were...
  • Judge strikes down NDAA, rules Obama must obey Constitution

    05/19/2012 10:02:15 AM PDT · by Oldpuppymax · 23 replies
    Coach is Right ^ | 5/19/2012 | Doug Book
    In a considerable setback for a president eager to ravage the due process rights of the American people, Federal Judge Kathleen Forrest granted a preliminary injunction on Wednesday, striking down those sections of the National Defense Authorization Act (NDAA) of 2012 which sought to provide Barack Obama the power to indefinitely detain citizens without benefit of their 5th Amendment rights. Signed very quietly into law on New Year’s Eve, the controversial Act has been roundly criticized as unconstitutional by groups on both the political left and right. Of greatest concern was Section 1021 which grants the United States military authority...
  • Senators to Unveil the ‘Ex-Patriot Act’ to Respond to Facebook’s Saverin’s Tax ‘Scheme’

    05/17/2012 5:33:53 AM PDT · by Sub-Driver · 46 replies
    Senators to Unveil the ‘Ex-Patriot Act’ to Respond to Facebook’s Saverin’s Tax ‘Scheme’ Sen. Chuck Schumer, D-N.Y., has a status update for Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never come to back to the U.S. again. In September 2011, Saverin relinquished his U.S. citizenship before the company announced its planned initial public offering of stock, which will debut this week. The move was likely a financial one, as he owns an estimated 4 percent of Facebook and stands to make $4 billion when the company goes public. Saverin would reap...
  • Senators Propose Barring Those Who Drop Citizenship From Reentering U.S.

    05/17/2012 12:26:38 PM PDT · by Theoria · 47 replies
    NPR ^ | 17 May 2012 | Eyder Peralta
    Facebook co-founder Eduardo Saverin, who renounced his U.S. citizenship, is now facing backlash from politicians: Two U.S. senators are proposing a plan that would prevent people like Saverin from reentering the country. As we reported yesterday, by some estimates Saverin may save $67 million in taxes by giving up his citizenship."We simply cannot allow the ultra-wealthy to write their own rules," Sen. Bob Casey, the Democrat from Pennsylvania said in a statement. "Mr. Saverin has benefited greatly from being a citizen of the United States but he has chosen to cast it aside and leave U.S. taxpayers with the bill....
  • New Study: High Corporate Taxes Stifle Small Businesses

    05/17/2012 7:32:47 AM PDT · by 92nina · 6 replies
    ATR ^ | 2012-05-16 | Hugh Johnson
    It’s generally best to speak to experts when making broad claims about national policy. For instance, if we want to analyze U.S. corporate tax policy it’s probably best to take the word of a few tax attorneys than, say, a constitutional law scholar. A new study by Jonathan Sallet and Robert Rizzi, partner attorneys in the tax practice of O’Melveny & Myers LLP, highlight the constricting nature of corporate tax rates. ATR has previously highlighted the job-killing nature of high corporate taxes and the anti-growth effects of maintaining the highest corporate tax rate in the industrialized world. Published by the...
  • BREAKING: Democrat-Held Senate Rejects Obama's Horrific Budget, 99-0 (AGAIN!!!)

    05/16/2012 3:46:02 PM PDT · by Kaslin · 22 replies
    Townhall.com ^ | May 16, 2012 | Guy Benson
    For the second consecutive year, the Democrat-controlled United States Senate has unanimously rejected President Obama's 2013 budget.  The final vote was 99-0, making the the running two-year tally 196-0.  This move follows the House of Representatives' 414-0 rebuke of the same fiscal blueprint earlier this year.  Astonishingly, not a single Senate Democrat has voted in favor of any budget for three years, even as they refuse to offer a plan of their own.  Democrats have claimed that three fig leaves mitigate this embarrassing spectacle:   (1) "The Senate has already passed a budget!"  False. The Senate has not passed a...
  • Obama budget defeated 99-0 in Senate

    05/16/2012 1:44:58 PM PDT · by Evil Slayer · 75 replies
    Washington Times ^ | 5/16/12 | Stephen Dinan
    President Obama's budget suffered a second embarrassing defeat Wednesday, when senators voted 99-0 to reject it. Coupled with the House's rejection in March, 414-0, that means Mr. Obama's budget has failed to win a single vote in support this year. Republicans forced the vote by offering the president's plan on the Senate floor. Democrats disputed that it was actually the president's plan, arguing that the slim amendment didn't actually match Mr. Obama's budget document, which ran thousands of pages. But Republicans said they used all of the president's numbers in the proposal, so it faithfully represented his plan. Sen. Jeff...
  • Dream Act students sue to stop Senate filibuster (illegals sue0

    05/15/2012 3:07:59 PM PDT · by dynachrome · 54 replies
    Washington Times ^ | 5-15-12 | Stephen Dinan
    Illegal immigrant students and members of the House sued the Senate this week to try to overturn the upper chamber’s filibuster rule, arguing that the 60-vote supermajority requirement violates the Constitution and is blocking important legislation such as legalization for illegal immigrants. If successful, the lawsuit, filed Monday, would rewrite the way the Senate operates — though courts generally have been reluctant to meddle in internal congressional rules.