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  • Monthly Archives: July 2012

    Who Wants Washington to Prevent Taxmageddon?

    1040_2_feature

    Taxmageddon, a one-year $494 billion tax increase, is coming on January 1, 2013. Reports of the economic destruction Taxmageddon would create are growing by the day, as is the number of respected economists, market shapers, and influential organizations warning Congress and President Obama to stop Taxmageddon to spare the economy … More

    Morning Bell: The Green Graveyard of Taxpayer-Funded Failures

    solar

    Solar-cell manufacturer Solyndra became a household name when it collapsed, taking $627 million in American taxpayer dollars with it. It’s the poster company for the government picking winners and losers—or really, just losers—in the energy market. But there are 12 more “green energy” losers that have declared bankruptcy despite attempts … More

    Tales of the Red Tape #35: Reams of Simplicity from CFPB

    Consumer Financial Protection Bureau Director Richard Cordray (right) at a hearing on banking reform.

    The Consumer Financial Protection Bureau (CFPB) is a veritable wellspring of costly dictates and regulatory excess. Among the dozens of pending regulations it has concocted is a 1,099-page proposal to streamline the mortgage process. Yes, you read that right: 1,099 pages to “streamline” the home loan experience. And get this: … More

    Guest Blog: Following the Science? Not in Sex Ed

    pitts-color

    How would it look if the federal government took the same approach to reducing teenage drinking that it takes to reducing teenage pregnancies? Instead of telling them to wait, the focus would shift to making teen alcohol consumption “less risky.” Then, strategies would be employed to make teen alcohol consumption … More

    5 Fundamental Flaws in the U.N. Arms Trade Treaty

    J. Emilio Flores/La Opinion/Newscom

    The overwhelming majority of commentary in the United States on the U.N. Arms Trade Treaty (ATT) has focused on the possible risks it poses to rights protected under the Second Amendment. There is nothing wrong with being watchful on this front, but the ATT raises broader concerns for U.S. foreign … More

    Great Green Fleece: Air Force Spends $59 Per Gallon for Biofuel

    The U.S. Air Force spent $59 per gallon on biofuels for a demonstration last month intended to show the promise of the alternative energy source. That’s more than double what the U.S. Navy spent as part of its so-called Great Green Fleet demonstration. The total cost for the 11,000 gallons of … More

    Study Shows ROI on Solar Energy Tax Credit, But Ignores Bankruptcies

    US President Barack Obama at Solyndra Co.

    Proponents of taxpayer support for green energy are touting a new study claiming that tax credits for solar companies will pay for themselves over the long run. The problem: the study, conducted by the U.S. Partnership for Renewable Energy Finance, assumes that solar companies that enjoy the tax breaks in … More

    Cloakroom: The House and Senate This Week

    Newscom

    House Cloakroom: July 23 – July 27 Analysis: This week, the House is going to focus on untangling some of the massive amounts of red tape that exist in the federal bureaucracy. The Red Tape Reduction Act is an amalgamation of bills that includes a regulatory freeze during the current … More

    "No More Solyndras Act" Shows Addiction to Energy Subsidies Is a Bipartisan Problem

    Newscom

    The latest political squabbling over the No More Solyndras Act is a reminder that politically entrenched energy subsidies enjoy bipartisan support. The No More Solyndras Act prohibits any new loan guarantees from Title XVII of the Energy Policy Act of 2005. For applications that are already under consideration or have … More

    Morning Bell: States Should Wait Before Accepting Obamacare

    Newscom

    The Supreme Court upheld Obamacare’s individual mandate to purchase health insurance, but it also struck down part of the law. That part—forcing states to expand their Medicaid programs—offers governors some much-needed relief. Expanding Medicaid, the government health insurance program for the poor and disabled, was one of President Obama’s main … More