On December 31, a set of approximately 50 tax-reducing provisions commonly referred to as the “tax extenders” expired. These provisions, which apply to both individuals and businesses, include popular measures such as the Research and Experimentation credit for businesses and the optional deduction for state and local sales taxes for …
Though the idea has been thoroughly discredited, the President and Members of Congress are still considering a large, thoroughly bogus “savings” option to help cover their profligate spending: They intend to claim war spending that was never going to be spent as “savings”—and then spend it on something else. It …
President Obama’s illegal non-recess appointments are unconstitutional and defy the process the Founding Fathers intended, Sen. Mike Lee (R-UT) told a House committee Wednesday. The House Oversight and Government Reform Committee invited a handful of constitutional law experts to discuss the four controversial appointments Obama made in January. Citing delays …
On Tuesday, Secretary of State Hillary Clinton wanted to reach her Russian counterpart Sergey Lavrov, Russia’s foreign minister, to discuss the upcoming U.N. Security Council vote on Syria, but there was nobody on the other end of the line. Apparently, it took Secretary Clinton more than 24 hours to get …
Today, Senators Jim DeMint (R–SC) and Mike Lee (R–UT) introduced legislation that would move the United States a giant step forward in making our country’s energy market freer by eliminating targeted tax credits for energy sources and technologies. Their legislation, a companion to Representative Mike Pompeo’s (R–KS) bill, would force …
Attorney General Eric Holder used his testimony before a House committee on Thursday to tout the supposed need for new gun control laws to prevent “gun walking,” or the transportation of firearms across the Southern border. But he – and members of the committee – ignored existing laws that already …
In his recent commentary in the Financial Times, Kenneth Rogoff, a professor of economics at Harvard, made a strong case for the importance of education in heading off future crises in capitalism: Societies need to find ways to make adult education, including economic and financial literacy, far more available and …
