We really need to make Republican members of Congress sign a pledge that they will not engage in gang violence against the party. This secretive bipartisan gang work is getting out of hand. While working on ways to stop the hemorrhaging in our party from the Schumer/Rubio amnesty gang, I discovered today that Senator Coburn is working with a Democrat gang to advance a universal | Read More »
Tom Coburn cares about the size and scope of the federal government. So do Ron Johnson and Pat Toomey. But they just voted for a tax increase with legislation that was not even publicly available. In other words, they voted for a law that was not even written for them to review. And what was in the law? Nothing to rein in the size of | Read More »
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 »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the White House’s rosy predictions for job growth, the Burr-Coburn Medicare reform plan, and what it will take to get real reform from Washington. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d | 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 »
I’m in danger of repeating myself as the AT&T/T-Mobile saga goes on, so let me open up tonight’s post with to my latest analysis of the situation. Summary: the behavior of Sprint Nextel’s and Clearwire’s share prices, combined with Sprint Nextel’s decision to sue AT&T, should lead any observer to believe that the AT&T/T-Mobile deal benefits the 4G Internet-using public at the expense of Sprint | Read More »
This is really sad and pathetic. I can only guess they have struck such a bad deal because they negotiated from a position of fear. You never get a good deal when you are negotiating because you are scared. The Senate Budget Committee is sending around an email pointing out some of the horrors of the Gang of Six’s gangrene plan. Consider this: Saxby Chambliss, | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson is joined by Pejman Yousefzadeh and Elizabeth Blackney to discuss the Gang of Six plan to settle the budget deal and what “increased revenue” might mean, then we’ll talk about the British scandal centered around Rupert Murdoch’s News of the World. We’re brought to you as always by BigGovernment | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the debt and Tim Geithner’s potential exit from Obama’s cabinet. Then Senator Tom Coburn joins us to talk about his plan to reform Medicare and gives us an inside look at the debt ceiling debate. We’re brought to you | 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 »
We’ve Key Voted a “Yes” vote to Senator Coburn’s Amendment to kill Ethanol Subsidies. Bad economic policy should be eliminated. Period. Exclamation point. End of story. We have an opportunity to strike deep into the heart of Big Ethanol – Senator Coburn’s Amendment repeals not only the tax credit, but it also repeals the tariff on imported ethanol. It’s a great first step on the | Read More »
The “Gang of Six”, which is the group in the Senate trying to come up with bipartisan tax increases and tax restructuring to implement the Deficit Commission’s plans, is collapsing. Late yesterday, Oklahoma Republican Tom Coburn bolted from the group because the Democrats are unwilling to deal with restructuring entitlements in their quest to raise taxes. Two Republicans remain, Mike Crapo of Idaho and Saxby | Read More »
Senators Tom Coburn (R-OK) and Ben Cardin (D-MD) are out to get rid of the ethanol subsidy. The subsidy was put into the tax code to make it much harder to get rid of. How much harder? Well, according to Grover Norquist, if we get rid of the ethanol subsidy, we are raising taxes. I’ve written before how Grover Norquist gets lots of money from | Read More »
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