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Economy Archive

Songwriters Shouldn't Have to Subsidize the Billion-Dollar Streaming Industry | Commentary

The music streaming business has got a lot of attention in the past few weeks with the introduction of new players such as Tidal — a company that puts artists in control of the valuation of their music, and not at the mercy of the streaming giants.

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GOP Leaders Tap K Street, Wall Street Cash

The top three GOP leaders in the House collectively raised $7.3 million in the first three months of this year for joint fundraising committees, a type of campaign account that may collect contributions of six figures or more under new rules.

Fracking: Good Science Vs. Science Fiction | Commentary

The United States is now the world’s largest oil and natural gas producer, having recently overtaken both Saudi Arabia and Russia. Two decades ago, no one would have believed it. The practice of hydraulic fracturing, or fracking, has fueled this energy boom. Fracking has unlocked vast amounts of what used to be considered economically inaccessible oil and gas. Increased domestic energy production has benefited the environment, the economy and hardworking families who now enjoy reduced energy prices.

Vote Study Shows Obama Gets His Way in GOP-Controlled Senate

Republicans took the Senate in 2014 by stressing the data that CQ Roll Call’s presidential support vote study revealed: Democrats in red states were sticking close to President Barack Obama. So here’s a surprise: the new GOP majority in 2015 is voting Obama’s way as often as they ever have.

Congress Should Launch Bipartisan Investigation of 'Short-Sale' Market | Commentary

During his Oscar-nominated cameo in “A History of Violence,” William Hurt declares ominously to the brother he is about to have murdered, “You cost me ... you cost me a helluva lot!” In a much broader sense, and in the real world, the rise of the Regulatory State has cost us a lot; a helluva lot, if you will — in excess of $2 trillion annually, as estimated by Forbes.

Enhance Trust in Congress Through Improved Tele-Town Halls | Commentary

I recently had an irresistible proposition for a member of Congress: “What if I could show you a technology which, in one hour, would make thousands of your constituents consider you accessible and fair, increase their trust in your judgement, and triple your approval rating on one of the toughest issues Congress faces?”

'Innovation Act' Will Squelch Innovation | Commentary

Three years ago, Congress changed American patent law from a “first to discover” to a “first to file” system. Now, without waiting for these changes to be fully absorbed, some members of Congress are proposing additional changes that would impair the culture of innovation that makes America the place where someone is always trying to build a better mousetrap.

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Pillow Talk Tests Ethics When K Street Marries Capitol Hill

Questions about the influence of lobbyist spouses have confounded lawmakers for decades, and now confront the House Ethics Committee as it probes whether Kentucky Republican Edward Whitfield broke rules because of his staff’s work with his lobbyist wife.

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Democrats File Court Brief Backing Obama Immigration Orders

A group of 181 Democratic members of the House weighed in on the legal fight over immigration on Monday, telling an appeals court that the executive branch has the authority to make the policy changes that President Barack Obama announced in November.

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Supporters Say Schumer's Ties, Interests Go Beyond Wall Street

Sen. Charles E. Schumer, the presumed next Democratic leader in the chamber, has deep ties in the lobbying and influence sector — and a reputation for being cozy with Wall Street. 

Lobbyists-Turned-Staffers Disclose Salaries, Clients

Lobbyists who left K Street in recent months to take jobs on Capitol Hill left behind big salaries and numerous clients that have a stake in the debates their new bosses are engaged in.

Ethics Committees Take Their Missions Seriously, So Should Congress and Staffers | Commentary

In the middle of a highly charged atmosphere on Capitol Hill, there is one center of bipartisanship in each chamber of Congress that remains above politics: the Ethics committees. And while they do most of their work outside the political theater with good reason, there is evidence of their productivity in little reported documents, in compliance with rigorous disclosure regimes and in the fact that so many members have resigned before the conclusion of ethics investigations.

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Noting the Irony, Republican Praises EPA Coal-Ash Rule

An unusual event transpired last week in the House: A senior Republican opened a hearing by praising the Environmental Protection Agency.

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Loading Time for Online Sales Tax Is Expiring

Anyone hoping for an online sales tax bill out of the 114th Congress might as well be staring at a spinning circle on a computer screen.

Crystal and Shamrock Ritual Obscures Irish Economic Woes

It's one of Washington's most time-worn rituals: the St. Patrick's Day journey of Ireland's Prime Minster, or Taoiseach, to the White House with a group of Irish dignitaries to present the sitting president with a crystal bowl of Shamrocks. Ireland's Enda Kenny posed for the cameras today with President Barack Obama and the story behind the photo op said more about Ireland's current economic state than the tradition itself, which dates back to John F. Kennedy’s day.

The Right Way to Sanction Iran | Commentary

While lawmakers discuss how best to undo the nuclear deal President Barack Obama and his team have diligently pursued over the past 18 months, they leave fallow a far more important and positive area in which they could contribute: How to respond in the event a deal is not reached.

For Hoyer and McCarthy, the Floor Dance is Getting Tense

The veneer of civility between party leaders on the House floor is thinning.

Budget Panels Attempt to Please Caucus Factions

Republicans on the House and Senate Budget committees are striving to craft fiscal 2016 budget resolutions tailored to win the support of their divergent GOP caucuses, but still similar enough to allow for compromise.

Lawmakers May Find Consensus on Taxes Overseas

If there’s one part of the tax code that both parties want to overhaul sooner rather than later, it’s taxation of foreign profits.

OECD Seeks Change In Global Taxation

Thanks in part to past concerns that globalization could lead to double taxation, corporations have numerous techniques at their disposal to reduce their tax bills, including the placement of subsidiaries and spinoff holding companies in low-tax jurisdictions.

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