Governor-elect Glenn Youngkin announced his intention to withdraw the Commonwealth of Virginia from the Regional Greenhouse Gas Initiative (RGGI), a pact of 11 states requiring power plants inside those states to purchase “allowances” to emit a determined amount of carbon dioxide. Governor-elect Youngkin said, “RGGI describes itself as a regional market for carbon. But it … Continue reading CEI commends Youngkin for promise to withdraw Virginia from dangerous Regional Greenhouse Gas Initiative
Category: Taxation
While the Biden Administration and Congressional Democrats continue to haggle over the size of their Reckless Tax and Spend bill, the Congressional Budget Office (CBO) told Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) that without budget gimmicks, the legislation costs $4.9 trillion and adds $3 trillion in new debt. The Wall Street Journal, Editorial: Real … Continue reading ‘Fully paid for’ is Lie of the Year
The Competitive Enterprise Institute (CEI) published a new paper this week arguing a carbon tax is unnecessary, harmful to economic growth and consumers, and would be a political disaster for supporters of the policy. In “Why Carbon Taxes Are Anti-Growth, Anti-Consumer, and Politically Dangerous for Conservatives,” CEI senior fellow Marlo Lewis examines several carbon tax proposals currently pending in Congress … Continue reading Economists reveal how carbon taxes would devastate economy
Senator Richard Burr (R-NC), Ranking Member of the Senate Health, Education, Labor and Pensions Committee, and Senator Tim Scott (R-SC) led a roundtable discussion to hear firsthand how the Democrats’ ill-constructed child care proposal, which is included in their reckless tax-and-spending bill, will devastate existing child care programs, increase costs for families, and limit parental … Continue reading Democrat spending bomb eliminates private child care to force kids into govt programs
Sen. Chuck Grassley (R-Iowa), Ranking Member of the Senate Judiciary Committee is continuing to press the Internal Revenue Service (IRS) on its weak response to leaks of protected taxpayer records to ProPublica. Grassley was joined by Sen. Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee and Finance Committee Republican members in a letter … Continue reading Senators demand probe of IRS after private tax info leaked to leftist attack group ProPublica
Under the latest version of the Democrats’ Reckless Tax and Spend bill, the non-partisan Joint Committee on Taxation (JCT) analysis confirms it gives tax breaks to the wealthy. Democrats are even taking issue with tax provisions their fellow Democrats pushed to include in the multi-trillion dollar bill. FROM THE DEMOCRATS: Chairman of the Senate Budget … Continue reading Dems blast their own unhinged tax scheme: ‘Bad policy, bad politics’
House Committee on Oversight and Reform Ranking Member James Comer (R-Ky.) released the following statement after the United States District Court for the Northern District of Alabama issued a permanent injunction against a provision included in the American Rescue Plan Act (ARPA) which imposed coercive restrictions on the States’ ability to make their own fiscal … Continue reading Biden spending scheme bans states from cutting their own taxes
President Joe Biden signed the bipartisan infrastructure bill into law, including more than one trillion dollars in government spending. In addition to measures funding infrastructure projects, the new law has far-reaching implications for the cryptocurrency industry. Senior fellow John Berlau said: “In rushing the infrastructure bill through, Congress unfortunately ignored the bipartisan outcry about the … Continue reading Biden tax and spend bomb forces crypto companies to turn over identities of users
Club for Growth PAC endorsed Representative Alex Mooney in WV-02; Mooney, will face Rep. David McKinley in the primary. Mooney has an 87% Lifetime Rating on the Club for Growth Foundation Congressional Scorecard while McKinley only has a 51%. “Rep. David McKinley betrayed his West Virginia constituents when he voted for Biden’s $1.5 trillion tax … Continue reading Club for Growth PAC endorses first challenger to 13 Republican betrayers
Americans for Free Trade (AFT), a broad coalition of American businesses, trade organizations, and workers united against tariffs sent a letter to United States Trade Representative Katherine Tai calling for her to implement a worker-centered trade policy that recognizes the importance of imports, exports, and foreign investment to U.S. competitiveness in the global economy. “As … Continue reading Hundreds of employers warn Biden tariffs are killing US economy
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