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    A Keynesian Christmas Present: Rep. Louie Gohmert's Tax Holiday

    Rep. Louie Gohmert (R-TX), champion of a federal tax holiday, faced skeptical questions today about his idea to give the economy a boost. Gohmert wants to stop collecting taxes for two months — using the unspent $350 billion from the Wall Street bailout to pay for the plan. Although his … More

    For Visitors, a Capitol Scandal

    It’s a scandal what Congress has arranged for the public to be taught inside its Capitol Visitor Center, the $621 million underground gateway and “educational experience” that opens Tuesday.In the Visitor Center’s Exhibition Hall, the theme is “E Pluribus Unum — Out of Many, One.” Initially,  words etched in marble called that … More

    Congress Must Save Vital 'Responsive Space' Program

    A recent article I wrote for Armed Forces Journal discusses the Pentagon’s efforts to maintain space dominance amid the challenges of emerging peer competitors. The Pentagon’s Operationally Responsive Space (ORS) office stands at the forefront of an effort to revolutionize the way the U.S. builds and deploys satellites. However, only … More

    Pro-Growth Tax Policy, Not a Transfer of Funds, Will Stimulate the Economy

    The House Budget Committee yesterday held a hearing, “Economic Recovery: Options and Challenges.” The headliner of the event, Federal Reserve Chairman Ben Bernanke, caused quite a stir with his near endorsement of a proposed second stimulus bill. However, others who spoke at the hearing, such as Rep. Paul Ryan (R-WI), … More

    Congress Considers Another Stimulus to Boost Economy

    With the endorsement of Federal Reserve Chairman Ben Bernanke and lukewarm support from the White House, Congress appears intent on passing another economic stimulus bill, but before lawmakers rush back to Washington after Election Day, they ought to consider the differences between a good measure that helps the economy and … More

    What Should Congress Do to Help the Economy?

    Following the testimony this morning of Federal Reserve Chairman Ben Bernanke, the House Budget Committee turned to three economists for their recommendations. Bill Beach, director of Heritage’s Center for Data Analysis, outlined his views on crafting a long-term, pro-growth economic policy. Here’s video of his opening statement: [youtube]http://www.youtube.com/watch?v=LIfVkAL55ck[/youtube]

    Want to Cut Government Waste? Here's a Place to Start

    John McCain made a point of mentioning Citizens Against Government Waste during all three presidential debate. He cited the National Taxpayers Union in the last two. Today both organizations responded with a list of government waste that’s just waiting to be cut. NTU’s research arm, the National Taxpayers Union Foundation, … More

    Morning Bell: Bailout's Precedent Requires Vigilance

    According to the best sources on Capitol Hill, opposition to the financial rescue plan is wilting. This is good news for the American people. Action to address the credit crunch is urgently needed and both the addition of raising the FDIC insured funds cap to $250,000 and the SEC’s mark-to-market … More

    Remedying the Disparity in the U.S.-Korea Alliance

    Congress yesterday approved legislation to upgrade South Korea’s military procurement status to equal that of members of NATO, Australia, Japan and New Zealand (“NATO+3”). The legislation, authored by Rep. Ed Royce (R-CA), is expected to be signed by President Bush within the next few days. With this action, Congress has … More

    3 out of 4 Americans Support Nuclear

    Remember a couple of months ago when I told you that 2 out of 3 Americans favor building new nuclear power plants in the United States? No? That’s all right because it’s now 3 out of 4 Americans that support nuclear according to a new survey conducted by Bisconti Research … More