In recent years, GOP establishment figures have accused the Tea Party of thwarting a Republican majority in the Senate by nominating conservatives whom they believe are unelectable. One would expect them do elicit a commensurate degree of outrage from the following story reported by The Hill: Rep. Don Young (R-Alaska) has endorsed Rep. Mazie Hirono (D-Hawaii) in her Senate bid, a surprising move since the | Read More »
Over the past few months, there has been a daily trickle of establishment Republicans coming out before the media in hostage style confession statements to declare that they would accept tax increases as part of a “grand bargain” to cut the deficit. The latest member was Lindsey Graham, who stated his newfound opposition to the taxpayer pledge of Americans for Tax Reform, which he considered | Read More »
Senator Tom Coburn released a report, Subsidies of the Rich and Famous, detailing a list of subsidies, transfers, and “tax breaks,” that are paid to individuals with Adjusted Gross Income (AGI) of over $1 million. The report found that millionaires have received at least $9.5 billion in “government payments” since 2003 and $113.7 billion in “tax breaks” since 2006. Accordingly, Coburn concludes that many of | Read More »
We’ve seen this show before. Republicans propose grand ideas to cut spending and implement free-market reforms; they speak ebulliently about their new ideas, and …they summarily scuttle them and cave to the Democrats. Earlier this year, Republicans proposed a commendable plan to end the bipartisan pork fest of surface transportation spending. Instead of continuing the inexorable expansion of transportation spending, House Transportation Committee Chairman John | Read More »
This week’s legislative schedule in both houses of Congress will provide Republicans (and faux moderate Democrats) a unique opportunity to efface farm welfare by eliminating ethanol credits/tariffs and direct farm subsidies. On the House side, the annual Agriculture Appropriations bill is expected to hit the floor as early as Tuesday. Earlier this month, the Appropriations Committee passed the FY 2012 Ag bill, cutting $2.6 billion | Read More »
Yesterday, we dinged Senator Coburn for his involvement in the ‘Gang of Six’. Today, we commend him for initiating a GAO report which exposes the contempt in which the statists view taxpayers. Conservatives have always known that the promulgation of government programs was not conceived from some genuine conviction of Keynesian economics, or a professed concern for the recipients. Most government programs serve the function | Read More »
Imagine for a moment a private financial services firm caught running a ponzi scheme in which public funds were spent on lavish projects for the manager’s friends. Astoundingly, instead of incarcerating the perpetrators and returning the money to the investors, the Securities and Exchange Commission (SEC) negotiates with the criminals. That’s right. The SEC collaborates with the criminal executives to force the public to contribute | Read More »
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