On June 15, the International Monetary Fund (IMF) released a study suggesting national tax policies contributed to, but did not cause, the credit boom and bust that caused the global recession. The IMF noted that countries with income taxes tend to impose heavier tax burdens on equity than debt, thereby …
The Waxman-Markey global warming bill is far and away the most worrisome environmental measure currently working its way through Congress, but it is certainly not the only cause for concern. Despite the all-encompassing global warming debate (and perhaps because of it) other problematic green measures are also being rushed through …
Yesterday the White House released a report, Global Climate Change Impacts in the United States, finding that “[c]limate changes are underway in the United States and are projected to grow.” Senate Environment and Public Works Committee Chairwoman Barbara Boxer (D-CA) told The Hill, “The findings released today add urgency to …
It’s no secret the Waxman-Markey cap and trade legislation to reduce carbon dioxide emissions is a jobs killer. Heritage Foundation economists found that over a 2012-2030 timeline, job losses average over 1.1 million. By 2035, a projected 2.5 million jobs are lost below the baseline (without a cap and trade …
Today, the House Armed Services Committee was marking up the FY 2010 budget for the Defense Department. The liveliest debate was over Congressman Turner’s (R-OH) amendment to re-insert $120 million to fund the remaining 14 ground-based interceptors. For the past several years, the plan was to have 44 interceptors dispersed …
Courtesy of Sen. Tom Coburn’s (R-OK) new report, “100 Stimulus Projects: A Second Opinion”, here are the Top Ten most dubious Obama stimulus projects: “Free” Stimulus Money Results in Higher Utility Costs for Residents of Perkins, Oklahoma FutureGen: The Stimulus Earmark that Wasn’t, Becomes the Costliest Pork Project in History …
MOSCOW – The Kremlin has not had a good week with its putative allies. Russia’s ban on imports of Belarussian dairy products (under claims they failed technical requirements) has stirred a strong political response from Minsk. The excuse of their failure to meet technical requirements has stirred a strong political …
Three days of massive protests following Iran’s sham elections have destroyed the illusion, carefully nurtured by the radical Islamist regime in Tehran, that Iran’s government is a democracy. In reality, it is a theocratic dictatorship masked by a façade of representative government. Mounting political violence has shattered that façade and …
