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Economy Archive

Attacking Hillary's Strengths: Lame Duck GOP Oughta Take a Holiday Break | Commentary

The holiday season has arrived and Americans are decorating trees, taking toys for their children out of layaway and planning holiday parties. Former Secretary of State Hillary Rodham Clinton will be celebrating the holidays for the first time with her brand new grandbaby. ’Tis the season for family, reflection and worship. Republican operatives, though, are busy attacking Hillary Clinton. They are stuffing their stockings with hopes that Clinton will decide not to run for president.

Congress and the President: Set Your Sights Low | Commentary

In the aftermath of the upheaval on Capitol Hill caused by the recent elections, the president and congressional Republicans laid out their various priorities for the coming two years: immigration reform, alterations to Obamacare, lifting environmental regulations, a Pacific trade deal and revisions to the tax code. No doubt this list is likely to expand in the coming weeks, as more D.C. insiders try putting their favorite issues on the political radar.

GOP Strategy on Labor Issues Remains Hazy

The new Republican-controlled Congress is expected to take a pro-business approach to labor issues, including trying to rein in what GOP leaders consider an activist National Labor Relations Board and perhaps blocking some of its decisions.

The Most Bipartisan and Popular Bill Sits Before Congress: It's Time to Pass It | Commentary

For the past eight years, I have been working to pass the Achieving a Better Life Experience Act (HR 647, S 133), legislation that will lead to a brighter future for millions of Americans living with disabilities. Commonly referred to as the ABLE Act, the bill opens this door by amending the tax code to create tax-free savings accounts for individuals with disabilities. And, in so doing, it provides them with the same type of financial planning tool available to other Americans.

Congress Must Modernize Communications Regulations to Protect Competition and Consumers | Commentary

A year ago today, the House Energy & Commerce Committee leaders Fred Upton, R-Mich., and Greg Walden, R-Ore., launched the #CommActUpdate, an ambitious effort to overhaul the federal laws that govern America’s communications. Three hundred and sixty-five days later, on the heels of a Republican takeover of Congress and a public endorsement of the effort by soon-to-been Chairman of the Senate Commerce Committee, John Thune, R-S.D., this necessary effort seems destined for significant progress in 2015. Given the outdated 1934 laws are in today’s digital economy, this should be welcome news for all stakeholders in the communications landscape, including Internet companies, consumers and legislators looking to promote modern, constructive public policy. And with a long history of bipartisan success in this area, unlike other contentious policy areas in Congress, the #CommActUpdate is not only feasible, but realistic.

Time Running Short to Extend Terrorism Risk Insurance Act | Commentary

Congress has much to do and not much time to do it before year’s end. Fortunately, leaders on both sides of the aisle have made it clear that renewal of the Terrorism Risk Insurance Act, or TRIA, is a “must-do” before Congress adjourns. The program, first enacted in 2002 in the wake of the 9/11 attacks, has been extended twice because lawmakers understand it is a vital component of our national defense and economic security, and is fundamental to thwarting the economic goals of terrorism.

Looking for Investment in the Next Generation

Privatization backers of a corporation model such as the one used in Canada would help advance the technological upgrades required under the beleaguered NextGen air traffic control modernization program.

Congress Must Do Its Part on Giving Tuesday | Commentary

Today is Giving Tuesday, a day when charities, businesses and Americans from all walks of life join together to celebrate the spirit of the season and give generously to the causes and organizations most important to them.

Marketplace Fairness: An Idea That's Time Has Come | Commentary

The American free enterprise system, a marketplace economy featuring dynamic innovation, entrepreneurial risk-taking and robust competition, is what makes the United States such an inspiring country in which to start and grow a business. Over the past two decades, the Internet has burst onto the scene and developed into a vital, vibrant commercial platform in both the retail economy and the business-to-business space. It comes as no surprise that businesses of all sizes in various industries have taken to the Web in an effort to tap its economic potential. Our technology is cutting edge, but sadly, our sales tax system is stuck in the early 1990s thanks to a two decades-old Supreme Court decision (Quill v. North Dakota) — unable absent a federal legislative remedy to evolve to meet this vividly present and rapidly growing economic reality. Congressional action is needed now to ensure the free marketplace of the 21st century is one that features a level playing field for all who compete.

Will Patent Reform Tackle Government Trolls? | Commentary

With the election victory by the Republicans, Congress at last seems ready to tackle two issues on which the parties’ differences are narrow: trade and intellectual property.

Congress Must Act and Pass Advanced Manufacturing Bill During Lame Duck | Commentary

As the chief executives of two global trade associations that represent manufacturers, we are pleased with the focus of many governments in promoting pro-manufacturing agendas that benefit our members around the world.

Price Pushes Plan to Separate Immigration Funding From Omnibus

House GOP leaders are likely to float a proposal in their conference next week to fund most government agencies through September 2015, while providing a shorter-term stopgap component for immigration-related programs and initiatives.

Finding Common Ground for the Small-Business Community | Commentary

The midterm elections mean a Republican majority with a vastly different congressional agenda. As many anticipate this new set of legislative priorities, there’s much discussion around the potential for a “grand bargain.” Polls have consistently shown Republican and Democratic voters overwhelmingly united on one key issue — growing America’s economy.

Keynes at Home, Smith Online: Why Internet is Not Telephony and Congress Should Let it Remain Free | Commentary

All governments tend to subscribe to the principle of “Keynes at home, Smith abroad” — or, advocate market deregulation abroad but retain government powers at home. In the days of electronic surveillance and privacy concerns, telecom authorities around the world are applying this principle to the Internet. But the ideas put forward by President Barack Obama on broadband regulation could backfire with unintended consequences for the global openness of the Internet. The new Republican-controlled Congress should maintain the bipartisan approach of light regulation that made the Internet so successful; otherwise, the U.S. leverage on Internet governance could be lost.

Congress: In 2015 Finish the Job on Patent Trolls | Commentary

The 2013-14 Congress heard testimony from tech startups, businesses small and large, retailers, manufacturers, and bipartisan state attorneys general — just to name a few — and made a strong effort to address patent troll abuse that is vexing thousands of companies. House Judiciary Committee Chairman Robert W. Goodlatte heard the outcry, and his Innovation Act targeted those who exploit meritless patents to extort companies, oftentimes forcing them to pay settlements only because settling is cheaper than paying for a meritorious defense. The bill passed the House by a wide, bipartisan margin, and two Senate Committees had strong patent reform hearings before efforts to finalize a bill were shelved in late Spring.

New Congress Needs to Save Startups from Patent Trolls | Commentary

Now that the midterms are over and Republicans have seized control of the Senate, there is hopeful talk of bipartisan cooperation in the few areas where agreement is possible in the next Congress. Patent reform, which has always had broad bipartisan support, is at the top of the list of legislation that can and should get done. Startups, in particular, are desperate for relief from patent troll abuse, and need the Senate to revive and pass the patent reform bill that was abruptly scuttled by Democratic leadership in May.

Expanded Exports of Liquefied Natural Gas would Lift the US Economy | Commentary

Sen. John Hoeven and Energy Secretary Ernest Moniz’s recent discussion about liquefied natural gas exports legislation is about further expanding opportunity, investment, and jobs in an industry that has undergone and continues to undergo a dramatic transformation. And make no mistake, lawmakers’ hammering out a smooth LNG export approval process is about growth and benefits our nation’s small businesses.

Goodlatte's Principles for Online Sales Tax Collection

A key figure in the congressional debate over online sales tax collections is Rep. Robert W. Goodlatte, the veteran Virginia Republican who chairs the House Judiciary Committee. Goodlatte has said he plans to draft sales tax legislation based on seven basic principles, which he lists on his committee’s website.

Pallone Brings Health Policy Chops to Energy Panel Post

By choosing Frank Pallone Jr. to be ranking member of the Energy and Commerce Committee for the 114th Congress, House Democrats tapped a lawmaker with a track record for helping some of the poorest Americans gain access to medical care.

Online Sales Tax Measure May Snag in House

Though the Senate appears ready to pass a second bill allowing states to require online retailers to collect sales taxes on purchases made by their residents, House leaders seem intent on keeping the issue out of an end-of-Congress rush for action.

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