Last week, with the help of Senator Orrin Hatch, the Senate Finance Committee voted to extend dozens of special interest tax preferences for green energy – preferences that are nothing more than subsidies and market distorters. Included in the $205 billion package is the Production Tax Credit, which subsidizes up to 80% of wind energy production. Score one for Big Wind! Other special interest handouts | Read More »
Whew! It’s good the Utah primary is over. Now Senator Hatch can relapse into his natural modus operandi. As we’ve noted before, at the end of every calendar year, Congress passes a ‘tax extenders’ bill to temporarily reauthorize specific tax breaks that have not been permanently written into law. Some of these extenders include universal tax cuts such as, the AMT patch, the R&D business | Read More »
The big news of the night is that Richard Mourdock absolutely eviscerated John Kerry and Vladimir Putin’s favorite Republican 60-40%, an unprecedented feat going up against a 35-year incumbent. On the other hand, it’s not surprising, and yet, it serves as a potent lesson for the Tea Party going forward. Richard Mourdock wasn’t always this inexorable juggernaut. He was way behind in the polls for | Read More »
Last week, conservative Dan Liljenquist surprised everyone by denying Orrin Hatch an outright victory at the convention, forcing a competitive primary. This, despite millions of dollars spent by Hatch urging newcomers to astroturf the convention on behalf of the old bull. Ever since Hatch perceived a threat on his right flank two years ago, he has latched himself onto the junior senator, Mike Lee, and | Read More »
One of the most appalling features of Obama’s presidency is the expansion of green venture socialism on behalf of corporate cronies who helped finance his campaign. Obama’s use of stimulus funds to distort the energy market with subsidies and loans to unprofitable solar energy companies has become the hallmark of his presidency, and it has theoretically provided us with a potent political weapon. Yet for | Read More »
In what’s become a biennial spectacle, supporters of unprincipled Republicans – who often vote with Democrats – are maligning conservatives as “purists” and accusing them of gambling away Republican control of the Senate. Today, Kimberley Strassel published a column in the WSJ, “Conservatives vs. a Senate Majority,” insinuating that Freedom Works and The Club for Growth are helping elect Democrats to the Senate. Specifically, she | Read More »
While Obama has spent the past two years pandering to leftist dictators in Latin America, he has also impeded ratification of free trade agreements with our allies. Along with Democrat leaders in Congress, Obama has refused to approve the 5-year-old trade pacts with Columbia, Panama, and South Korea unless Republicans agree to renew a trade subsidy program known as Trade Adjustment Assistance (TAA). Yesterday, Senator | Read More »
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