Any piece of legislation must be both constitutional and improve the condition of the American people. When President Obama and Congressional Republicans first announced their tax deal early last week, our reaction was to hold our noses against its bad elements; on balance, we thought the extension of the current …
The tax bill (still being drafted in secret) is becoming a lobbyist’s dream, just in time for Christmas. The Democrat opposition to President Obama’s compromise has increased the negotiating power of every Representative and Senator, especially the Democrats. The vote by the House Democrat Caucus to denounce the unwritten bill …
On Wednesday, Vice President Joe Biden reportedly told House Democrats that the tax deal cut with Republicans was a “take it or leave it” proposition that could not be changed. But by last night, after fierce opposition from his leftist base, President Barack Obama was singing a different tune, telling …
Brand-new Congressmen don’t take office until January, but they’re already consumed with worry about the national debt. They’ll be faced with a vote expected next year to raise the debt ceiling beyond its current $14.3-trillion (about $47,000 apiece for everyone in America). The current $14.3-trillion debt ceiling has almost doubled …
Last night, President Barack Obama emerged from negotiations with Congressional Republicans and told the American people: “For the past few weeks there’s been a lot of talk around Washington about taxes and there’s been a lot of political positioning between the two parties. But around kitchen tables, Americans are asking …
Maybe it’s the holiday season, but if the reports are true President Obama and congressional Republicans have reached a compromise on extending the
Like a falling barometer indicates impending bad weather, the actions of businesses are an early warning sign when Congress is about to harm the economy. Congress and the President continue to drag their feet on extending the 2001 and 2003 tax relief. The common assumption is that some compromise will …
Last Friday the Labor Department reported that private sector employers added an anemic 50,000 net jobs to the U.S. economy in November. That is far fewer than what is needed to absorb discouraged workers reentering the workforce or population growth. As a result, unemployment rose to 9.8 percent, marking the …
