U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) this week criticized the Biden administration’s increasing abuse of and reliance on the Defense Production Act (DPA). In a letter to President Biden, Ranking Member Toomey wrote: “The repeated invocation of the DPA for non-defense purposes, such as mineral mining, baby food, solar panel components, heat pumps, and … Continue reading Toomey exposes Biden scheme to use Defense Production Act to nationalize industries
Category: Economy
U.S. Sen. John Thune (R-S.D.) recently introduced the Ending Duplicative Subsidies for Electric Vehicles Act, legislation that would prohibit the automobile industry from double-dipping on federal subsidies, specifically electric vehicle (EV) tax credits, grants, and loans for EV manufacturing. The bill would require stakeholders to choose between receiving manufacturing loans or grants to lower the … Continue reading New bill stops scheme to let automakers double-dip in electric vehicle subsidies
While at the 2019 U.N. Climate Change Conference in Spain, Lt. Gov. Mandela Barnes argued to the United Nations that the United States needs to “stymie capitalism” to combat climate change, arguing that the free enterprise system has sent the world down a “path to destruction,” according to a video obtained by the Washington Free Beacon from … Continue reading Dem Senate candidate tells UN: We must stymie capitalism
Today, in its official re-estimate of the President’s FY23 budget – which is a blueprint for the Biden Administration’s plans for the country and the policies Washington Democrats have been pursuing for the past two years – the Congressional Budget Office confirmed that the proposed levels of spending, debt, and taxes in the President’s Budget … Continue reading Nonpartisan Analysis Confirms Biden’s Agenda Will Worsen Economic Crisis Caused by Democrats’ Failed Policies
U.S. Senator Shelley Moore Capito (R-W.Va.), Ranking Member of the Senate Environment and Public Works (EPW) Committee, led 45 of her Republican colleagues in introducing the Simplify Timelines and Assure Regulatory Transparency (START) Act, comprehensive federal regulatory permitting and project review reform legislation. “Since our calls for action and offers to see legislative text from the permitting … Continue reading Senators Fight Economic Collapse With Pro Growth Regulatory and Permitting Reform
U.S. Senate Banking Committee Member Pat Toomey (R-Pa.) is asking for more information after learning that the Federal Deposit Insurance Corporation (FDIC) may be improperly deterring banks from doing business with lawful crypto companies. According to whistleblower reports, personnel in the FDIC’s Washington, D.C. headquarters are urging its regional offices to request that banks refrain from expanding relationships … Continue reading Whistleblower Reports Say FDIC Headquarters Improperly Stifling Crypto Business for Banks
Joe Biden is expected to sign Democrats’ inflation scam bill today. In doing so, Biden is breaking one of his core campaign promises: not raising taxes on anyone making less than $400,000 a year. According to the nonpartisan Congressional Budget Office, Democrats’ so-called Inflation Reduction Act will create an additional $20 BILLION in new taxes on middle-class … Continue reading Senate Dems’ New Big-Government Bureaucrats Will Target Working Families
The Joint Committee on Taxation (JCT) has confirmed that $10.6 billion in tax increases from the Democrats’ Inflation Act will hit families making less than $200,000. JCT’s analysis looked at the distributional impact of the non-Obamacare related tax provisions, including $362 billion worth of tax increases and hundreds of billions worth of Green New Deal tax subsides. … Continue reading Nonpartisan Tax Scorekeeper: Democrat Inflation Act Hits Families Making Under $200,000 with $10.6 Billion Tax Hike
House Budget Committee Republican Leader Jason Smith (MO-08) issued the following statement today alongside a fact sheet exposing the various ways in which the Democrats’ Inflation Act is an unmitigated attack on American families, businesses, and the nation’s finances, all in service to a liberal policy agenda.“Democrats in the U.S. House of Representatives are lining up to … Continue reading How the Inflation ‘Reduction’ Act jacks up inflation-fueling spening
On Monday, U.S. Sen. Ron Johnson (R-Wis.) joined his Republican Homeland Security and Governmental Affairs Committee (HSGAC) colleagues in a letter to HSGAC Chairman Sen. Gary Peters (D-Mich.) requesting a hearing with Federal Reserve Board Chair Jerome Powell and leadership at the Federal Bureau of Investigation (FBI) regarding Chinese influence and information theft at U.S. … Continue reading Republicans Demand Hearing on Communist Chinese Influence and Information Theft at US Federal Reserve Banks
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