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Economy Archive

Address Patent Flaws or Face the Economic Consequences | Commentary

The U.S. became the world’s largest economy, in part, because its policies supported innovation and entrepreneurship. From Thomas Edison to Steve Jobs, U.S. entrepreneurs invented many of the innovations that drove the 20th century global economy, with patents playing an indispensable role in this innovation process — which may explain the prolonged push for congressional patent reform.

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Manufacturing's Comeback: Numbers Fabricate a Complicated-Yet-Rosy Outlook

American manufacturing hit an important milestone in April, when the Commerce Department reported that the sector had recovered all the value lost in the recession.

The Economy Needs Bitcoin | Commentary

A failure to adopt bitcoin will rob our nation of future economic growth and job creation. This fundamental fact should spur Congress to understand this new currency and create a bright line regulatory environment.

It's Time To Level The Playing Field For Main Street Businesses | Commentary

Small-business owners like myself have for years urged Congress to create a level playing field that will allow us to compete with our online-only competitors. One year ago this week, the Senate overwhelmingly passed legislation that would accomplish this goal, and we’re counting on the Republican-led House of Representatives to do the same.

A Big Win for American Manufacturers | Commentary

Right now, we send millions of dollars — and potentially American jobs — overseas when we purchase footwear for the brave men and women serving our country. But Acting Deputy Secretary of Defense Christine H. Fox recently called me to let me know about a shift in Department of Defense policy as it relates to the procurement of athletic footwear for our service members — and the decision is nothing short of a huge win for American manufacturers.

DATA Act Is a Victory for Open Government | Commentary

Recently, in a victory for open data, both chambers of Congress passed with bipartisan support the Digital Accountability and Transparency Act. The bill now heads to the White House for President Barack Obama’s signature. The DATA Act would drastically improve the public’s access to federal spending data by expanding the universe of information the government is required to post online and creating government-wide financial data standards.

End the Export-Import Bank | Commentary

The American economy couldn’t survive without the Export-Import Bank. At least, that’s what the Bank and its supporters claim. Created in 1934, it “facilitate[es] the export” of our country’s “goods and services.” It “ensures a level playing field for U.S. exports in the global marketplace.” And like every good bureaucracy, it “supports jobs.”

Congress Doesn't Deserve an Obamacare Exemption | Commentary

Americans across the country have been forced into the Obamacare exchanges. They’ve lost the coverage they liked, they’ve seen their premiums skyrocket and they’re finding it hard to enroll in anything new. But what makes this even worse is that their representatives in Congress can’t completely relate. While all of this is going on outside of Washington, insiders in Congress and the administration carved out a special exemption and subsidy for themselves. They decreased their own Obamacare burden but didn’t do the same for their constituents.

Medical Spending Surges With Health Law Sign-Ups

Health care spending surged 9.9 percent during the first quarter of 2014 as people who gained insurance coverage under the health care law apparently began using more medical services, the government said today.

In Showdown With Lerner, House Imprisonment Not Out of the Question

Former tax official Lois Lerner’s confrontation with Congress over a potential contempt citation may get emphatically more dramatic, depending on how far back into congressional history House Republicans want to reach.

Beer Industry Numbers Tell the Story of Effective Laws | Commentary

When it comes to regulating beer in America, numbers tell the story.

218: Reports: Michael Grimm Arrested Monday

(Bill Clark/CQ Roll Call File Photo)

218: House Gears Up for Lois Lerner Contempt Vote

House Republicans will vote to hold IRS official Lois Lerner in contempt of Congress next month unless she agrees to testify before an oversight panel, Majority Leader Eric Cantor of Virginia wrote in a Friday memo to colleagues.

218: In Ranking Member Race, Follow the Money ... Spent on Others

Ranking member rivals Eshoo and Pallone chatted recently at a news conference. (Tom Williams/CQ Roll Call)

McCutcheon Restores Power to Congressional Campaigns | Commentary

Earlier this month, the Supreme Court struck down an aggregate cap on individual contributions to federal candidates, parties and political committees over a two-year election cycle in McCutcheon v. Federal Election Commission. Certainly, this is an important holding, but this is not Citizens United II. In fact, in as much as Citizens United increased spending opportunities with outside groups, it’s just the opposite. This decision will have a major impact in national political giving by restoring congressional campaigns themselves — as well as the national parties that support them — to renewed importance by which donors of all political persuasions (and particularly wealthy donors) provide support to a slate of preferred candidates. That shift will, in turn, result in a larger portion of political giving by way of transparent, fully disclosed contributions to federal campaign committees and the Members of Congress they support.

WGDB: Paul, Gillibrand Represent the Senate on Time's '100 Most Influential'

(Tom Williams/CQ Roll Call File Photo)

WGDB: Boozman Family Hopeful As Senator Begins Recovery

(Chris Maddaloni/CQ Roll Call File Photo)

WGDB: Durbin Tweets Happy Birthday to Wrigley Field -- Doesn't Mention the Lights

(Bill Clark/CQ Roll Call File Photo)

Protect the Civic Legacy of Serve America Act | Commentary

Few of us knew five years ago, when President Barack Obama signed the bipartisan Edward M. Kennedy Serve America Act, that the civic data collection prompted by the Act would bolster intense interest in states and communities about our country’s civic health and how to improve it.

An Honesty Gap in the Pay Gap Debate | Commentary

President Barack Obama and the Democratic leadership in Congress have begun rallying this month to a long-suffering legislative solution to gender pay inequities, cocksure that Republican opposition to the measure will weaken the ascendant rabble-rousers ahead of the November midterms.

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