The Affordable Care Act Aims High for Fiscal Irresponsibility
Affordable Care Act / Debt / Medicaid Expansion

The Affordable Care Act Aims High for Fiscal Irresponsibility

In budgetary terms, the Affordable Care Act (ACA) is anything but affordable. Though well-intentioned, it expands a poorly designed program and adds significant spending during a time of slow economic growth. This attempt to improve and expand health coverage to uninsured Americans is unduly expensive. In an already strained fiscal climate where the federal budget has reached … Continue reading

If the Senate passes a bill to end the big-bank subsidy and nobody notices, does it matter?
America / Economy / Fiscal policy

If the Senate passes a bill to end the big-bank subsidy and nobody notices, does it matter?

Last Friday, among the flurry of amendments that the Senate passed before it adjourned for a two-week recess, the Brown-Vitter amendment, which pledged to end funding advantages to banks with more than $500 billion in assets, passed in a 99-0 vote. Great, right? Senator Vitter, one of the co-authors of the amendment, stated afterwards, “This … Continue reading

Rep. Ross Seeks the Start of Tax Reforms and to Bridge the Bipartisan Gap
America / Economy / Fiscal policy / Taxes

Rep. Ross Seeks the Start of Tax Reforms and to Bridge the Bipartisan Gap

Congressman Dennis Ross (R-FL) is making efforts to relieve bipartisan stress and initiate action on reducing the nation’s debt. Earlier this week he submitted two bills that would reduce government spending, the BOLD Act and the ZERO Act. The BOLD Act seeks to reform how the government handles money by reducing the White House’s and … Continue reading

Now Batting for Dodd-Frank: The State Department steps in to help save the Resource Extraction Rule
America / Dpt. of State / Fiscal policy / Regulation

Now Batting for Dodd-Frank: The State Department steps in to help save the Resource Extraction Rule

Late last week a seldom heard voice echoed throughout the regulatory reform debate forum when the U.S. Department of State openly stood behind the controversial Securities and Exchange Commission (SEC) ‘Resource Extraction Rule.’ This rule, developed as part of the continuing cavalcade of Dodd-Frank initiatives, went into effect last August with the goal of requiring … Continue reading

Economy / Fiscal policy / Healthcare / Politics / Tax

Occupy entitlements! And the tax code!

By Will Portman The Occupy movement has brought income inequality to the forefront of the national political discussion over the past year, even if both the movement and the issue have faded in recent months. Occupy protestors are concerned about the growing wealth gap in the U.S., pointing to studies like the recent Congressional Budget Office … Continue reading

Economy / Fiscal policy / Healthcare / Politics / Tax

The Ryan budget vs. the Obama budget

By Will Portman Winston Churchill once said, “Americans can always be counted on to do the right thing… after they have exhausted all other possibilities.” House Budget Committee Chairman Paul Ryan (R-WI) cited the late British Prime Minister’s famous quote this week as he unveiled The Path to Prosperity, his budget for fiscal year 2013, arguing … Continue reading