Federal spending is once again in the news in Washington, with the government once again running up against its statutory borrowing limit. Much of the conversation and debate on Capitol Hill has surrounded entitlement and welfare spending. However, another culprit, the Department of Defense (DoD) has been putting an enormous strain on federal spending for years – especially as it pertains to earmarks. Sadly, this has gone largely without debate.
Today, the Taxpayers Protection Alliance (TPA) cautiously and conditionally welcomed a deal between President Biden and House Speaker Kevin McCarthy (R-Calif.) to avoid a disastrous and costly default.
Today, the Taxpayers Protection Alliance (TPA) cautiously and conditionally welcomed a deal between President Biden and House Speaker Kevin McCarthy (R-Calif.) to avoid a disastrous and costly default.
At a time when the national debt has surpassed $30 trillion, it’s difficult to claim that Dr. Lucas’ ideas have truly caught on. But, he at least started a critical conversation that forced big government advocates to justify their increasingly tortured logic. Dr. Lucas is a Profile in Courage for making the case against reckless policies and asking all the right questions along the way.
This critical legislation would make interest generated on delayed tax refunds tax-exempt. The burden of the IRS failing to expeditiously process Americans’ tax returns should not fall on filers, who should rightly be rewarded for the agency’s delay.
Solar net metering, a system that forces utilities to pay more for rooftop solar energy (the “retail” rate of electricity) versus the typical wholesale price they pay for all other electricity, has failed.
When a federal agency loses $5 billion in a “good” year, it’s a sign that change is needed. Unfortunately, the U.S. Postal Service’s (USPS’) problems extend far beyond fiscal irresponsibility.…
President Biden announced on Monday his intent to renominate Brendan Carr, a Republican commissioner on the Federal Communications Commission (FCC), to another four-year term.
While it’s encouraging that the two sides will meet this afternoon for further talks, the White House needs to soften its position and take this issue seriously. It needs to take tax hikes off the table, recognize our spending trajectory is unsustainable, and be open to re-evaluating spending enacted by his signature. This afternoon’s meeting must yield progress towards a deal that can pass both houses of Congress.
The world is currently at a crossroads of economic uncertainty. Many businesses are finally getting out from underneath the impacts of COVID lockdowns and restrictions. Tensions between the world’s economic and military superpowers are higher than they have been in some time. The United States stands on the brink of a catastrophic debt default.
