This week the Senate is traveling back in time to debate Jimmy Carter’s favorite solution to the energy crisis: an oil windfall profits tax. According to the Congressional Research Service, Carter’s oil windfall profits tax failed to raise revenues, decreased domestic oil production, and increased American dependence on foreign oil. …
Jim Johnson, the man recently chosen by Sen. Barack Obama to search for a VP candidate, is under fire for receiving millions of dollars in below-market loans from Countrywide Financial Corp. chief executive Angelo Mozilo. Private entities like Countrywide are free to give generous loan agreements to whomever they want, …
Father’s Day is just around the corner and presents a great opportunity to appreciate all that fathers do. This month, Heritage’s FamilyFacts, which catalogs social science findings on the family, religion and society, highlights recent studies that demonstrate the important role fathers play in the lives and well-being of their …
Here’s a preview of what’s happening this week in Washington. [youtube]http://www.youtube.com/watch?v=Y6YshohNEUM[/youtube] May was a successful month in Iraq, yet progress with the war supplemental has been slowed by the left. House leaders want to tie war funding to domestic spending, including unemployment insurance and pet pork projects. Time is running …
Two stories from the Washington Post today provide a perfect contrast to how states and Congress approach education reform. First, Jay Matthews reports from New Orleans: The storm that swamped this city three years ago also effectively swept away a public school system with a dismal record and faint prospects …
Sens. Diane Feinstein (D-Calif.) and Mel Martinez (R-Fla.) authored a bill (with 11 co-sponsors, including Sen. Barack Obama) that was incorporated into a housing bill passed by the Senate Banking Committee 19-2 before the Memorial Day recess — a bill that creates a national fingerprint registry. According to a Martinez …
No fan of President Bush or conservatives, Democratic Leadership Council founder Al From defends free trade from his newly solidly protectionist party in the Wall Street Journal today: History proves that expanding trade and productivity help create growth. We learned that the hard way when the Smoot-Hawley tariff helped crush …
When the Democrats were still in the minority, Americans were paying $2.91 a gallon on average for gasoline. At the time, Minority Leader Nancy Pelosi (D-Calif.) promised “a commonsense plan to help bring down skyrocketing gas prices by cracking down on price gouging, rolling back the billions of dollars in …
