Here’s a principles-of-economics question: Suppose the U.S. gross domestic product (national income) is currently $14 trillion. Then suppose the U.S. raised all tariff, income tax, and sales tax rates to 100 percent. How much money would the government collect? If you realized that nobody would generate taxable income under such …
Senators Kerry and Lieberman have introduced their “compromise” climate change legislation that relies largely on a “cap and trade” scheme to reduce carbon emissions. Even assuming there was a need for carbon limits, the Kerry-Lieberman bill gets the mechanism all wrong, apparently because the Senators either don’t understand or don’t …
Last year Senators John Kerry (D-MA) and Barbara Boxer (D-CA) rolled out a companion cap and trade bill to the Waxman-Markey version that passed in the House of Representatives. Boxer-Kerry was essentially dead on arrival so Senator Kerry went back to work, this time with Senators Joe Lieberman (D-CT) and …
Last week Sen. Joe Lieberman (I-CT), along with co-sponsors Sens. Susan Collins (R-ME), Dianne Feinstein (D-CA), Robert Byrd (D-WV), and George Voinovich (R-OH) filed an amendment to the tax extenders bill to reauthorize the D.C. Opportunity Scholarship Program, which is currently being phased-out by Congress and the Obama administration. The …
Senator Joe Lieberman (I-CT) has filed an amendment to a tax extenders bill expected to be considered by the Senate today. The amendment would reauthorize the D.C. Opportunity Scholarship Program and, according to a press release from D.C. Parents for School Choice, would “preserve the program for current and future …
This morning, families, students and community members gathered at the Capitol to show their support for the D.C. Opportunity Scholarship Program, which is currently being phased-out by the Obama administration. Senator Joe Lieberman and Senator Susan Collins hosted a press conference to discuss the impact of the successful program, which …
Yesterday, Senators John Kerry (D-MA), Joseph Lieberman (I-CT) and Lindsey Graham (R-SC) unveiled an outline of their cap-and-trade proposal. Interestingly, their version of a national tax on American energy is hard to distinguish from earlier proposals such as the House-passed Waxman-Markey or the Senate committee-passed Boxer-Kerry. All of these proposals …
