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Economy Archive

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 Monizs 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 nations 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 committees 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.

Republicans Have the Senate, Now What Happens to the Filibuster? | Commentary

Now that the GOP has swept into control of the Congress, it is immediately confronted with familiar realities. Because of the Senate rules, under most circumstances it is necessary to get 60 votes to get anything major done.

Credit Card Security Must be Strengthened | Commentary

Congress is back in session and were entering what will hopefully be a booming period for Americas small businesses during the holiday shopping season. However, a subtle but persistent threat remains to our long-term economic security posed by cyber-criminals and lax credit card security measures that allow financial and identity fraud to occur. While these cyber-crimes are certainly menacing, they more pose serious implications for business growth by diminishing consumer confidence. And while there are plenty of issues for Congress to debate in the lame-duck session, the importance of preserving consumer trust in financial transactions and protecting consumer information are issues everyone can agree on.

As Time Runs Out, House Leaders Spar on Funding, Immigration

House GOP leaders are taking a wait-and-see approach as their conference has begun splitting into factions over how to fund the federal government and whether to bring immigration into the mix.

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Rangel Still Fighting to Clear His Name

Four years after the House censured Rep. Charles B. Rangel on ethics charges, the 23-term Democrat from New York is still fighting to wipe that from the recordliterally.

For the 114th Congress, It's Economic Growth or Nothing | Commentary

Tuesday marked another historic change election. Now comes the hard part: The Republican Partys new majority must make 2015 the year in which Congress gets serious about economic growth and putting America back to work. If it doesnt, the 114th Congress will be seen as a squandered opportunity for the GOP to rebrand itself as the party of prosperity for every American.

'Tis the Season to Right a Shopping Wrong | Commentary

The start of the holiday shopping season has evolved from a single day, Black Friday, to a five-day stretch of promotions and discounts, and is now on the verge of consuming almost all of November. Technology that enables easy, at-home shopping has benefited both retailers and consumers, but it often exploits a major tax loophole that gives online retailers an unfair advantage and leaves consumers vulnerable to tax penalties. Its time for Congress address the online sales tax disparity head on, in a way that takes the burden off consumers and makes the relationship between brick-and-mortar stores and their online counterparts more equitable.

Jobs Gains Ease Wage Pressure -- on Congress

The gradually building recovery in the labor market may be one reason for the lack of urgency on Capitol Hill for action on the minimum wage.

Ballot Actions Only Sharpen the Divide on Minimum Wage

The strong support voters showed in the midterm elections for increasing the minimum wage reinforced the idea of broad popular support for raising the wage floor and led Democrats to revive their calls for a higher federal minimum.

New Management in Congress Means a Return to Regular Order | Commentary

After the political analysts complete their commentary on the meaning of the 2014 election, the serious work will begin to get this country back on the right track. There is much to do, big issues that have been ignored too long, our national security, and leadership not least of all.

Michigan Democrat May Join With GOP on Health Law Tweaks

Senate Republicans lacking a filibuster-proof majority next year will need to attract crossover votes from a shrinking pool of centrist Democrats if they are to have any hope of making legislative changes to the health care law.

GOP Mulls Next CBO Director

Flush from their capture of the Senate, Republicans in both chambers are reviewing more than a dozen potential candidates to succeed Douglas W. Elmendorf as director of the Congressional Budget Office after his term expires Jan. 3.

Next Year's Defense Bill to Bear Stamp of New Chairmen

The Republican triumphs in the November elections put the job of writing next years Senate defense policy bill in the hands of a leading critic of the Obama administrations national security strategy and an aggressive watchdog over Pentagon weapons procurement policies.

7 Mistakes to Avoid When Setting Up a Congressional Office | Commentary

Tip ONeill once said, Its easier to run for office than to run the office. Running a campaign and creating a congressional office are vastly different tasks. Setting up a House or Senate office includes all the challenges of starting a small business with all the red tape of a bureaucracy. During the past 37 years the Congressional Management Foundation has helped thousands of new members of Congress and their staffs set up freshman offices. Here are seven mistakes to avoid.




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