In this critical election year, Americans will not only cast their votes for elected officials at all levels of government including President of the United States; they will also decide on several state ballot initiatives. Some of these votes will be cast long before November 6. Californians, in particular, will have an expensive and wasteful […]
Stop the state raids on the E 911 communications funds
In most situations, consumers expect to get what they are paying for. For example, communications bills in most states include an Enhanced 911 (E 911) tax or fee. Based on its title, consumers would assume that this money is used for upgrades to the existing 911 services in their state or locality. This is a valid premise, given that the current 911 system has been around for decades and needs improvement and modernization. However, in some states, the E 911 funds are not always used for their intended purpose.
Rail Boondoggles Not Limited to High-Speed Projects
It is no secret that many of the Obama Administration’s transportation initiatives have taken taxpayers for a ride. The culprit has been the tens of billions of dollars in funding for high-speed rail projects that the federal government has attempted to force down states’ throats.
Next Steps for Healthcare Reform
While no one can be sure of the outcome of the Supreme Court case on Obamacare, if the Court finds the law is unconstitutional, Congress will be forced to consider a new approach to providing more affordable access to healthcare for millions of Americans.
Government Waste Watchdogs Under Fire
Federal spending, both in real terms as well as a percentage of gross domestic product, has swollen to near-historic levels. An equally alarming, but less high-profile trend compound taxpayers’ concerns: government watchdogs, tasked to sniff out waste, fraud, and abuse, are being starved of money, compromising their oversight capabilities over the exploding federal leviathan.
Budget Season: The Most Expensive Time of the Year
Under President Obama’s watch, federal spending has continued to balloon unchecked and taxpayers now hold the bill for a staggering $15.6 trillion national debt. There has never been a more crucial time in the nation’s history to pass a fiscally responsible, deficit-reducing budget.
Taxpayers Charged Billions to Anoint Green Car Manufacturing Winners
In an effort to alleviate the burden of rising gasoline prices on the economy and reduce vehicle emissions, Congress passed the Energy Independence and Security Act (EISA) in 2007. The legislation ramped up fuel economy standards and encouraged the use of renewable fuels.
President Obama’s Corporate Tax Plan Invites Crony Capitalism
On February 22, 2012, President Obama released a proposal to lower the corporate tax rate from 35 percent to 28 percent, while also eliminating loopholes in the tax code. Considering that the effective corporate tax rate of 34.6 percent in the U.S. is the highest rate in the Organization for Economic Cooperation and Development (OECD) and is nearly 50 percent higher than the OECD average, a move to a lower rate is long overdue. Unfortunately, the devil in the White House’s plan lies in the details.
Potential Savings Exist in DOD Budget
Faced with a historic national debt and a projected $2.2 trillion deficit over the next two years, the country’s leadership is currently grappling with ways to reduce spending. One program which politicians from both sides of the aisle agree should be eliminated is the Medium Extended Air Defense System (MEADS). Created in 1995 to replace aging missile defense systems in the U.S., Germany, and Italy, cost overruns, delays, and underperformance have enveloped MEADS in a cloud of doubt.
Obama Doubles Down on Corporate Welfare
On February 17, 2011, after touring Boeing’s plant in Everett, Washington, where the Dreamliner is built, President Obama announced that he will ask Congress to reauthorize the Export-Import Bank of the United States (Ex-Im Bank), and that he will encourage the bank to match export financing provided by foreign governments in an effort to “ensure that [manufacturers] are competing on an even footing.” The President’s statement dovetails with his “fairness” agenda, but Ex-Im Bank is unalloyed corporate welfare. Its populist mission – the subsidization of American exports – might appeal to a wide swath of economically unsophisticated observers, but it is nonetheless un unfair giveaway of tax dollars. Ex-Im Bank should be terminated, not renewed, and certainly not expanded.