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This is a pivotal year for global trade policy. Two huge deals—namely the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership —have the potential to dramatically redefine the nature of the global economy and reinvigorate global growth. Congress has an important role to play as these negotiations move forward.
A provision in the GROW AMERICA Act, introduced to Congress last month by Secretary of Transportation Anthony Foxx, proposes lifting a decades-old ban on tolling existing interstate general purpose lanes.
It’s a central tenet of Economics 101: the more you tax something, the less of it you get. Whether intentional or inadvertent, the weight of a heavier tax burden on the producers of any good or service reliably reduces the volume of output that can be expected. Other benefits are diminished too, such as the prospects for more jobs, better shareholder returns and affordable prices.
The House, which passed one permanent extension of an expired business tax break, will delay any action on other so-called extenders until at least June following the demise this week of the Senate’s two-year tax break patch.
House appropriators advanced a measure Thursday to fund the Justice and Commerce departments, along with science agencies, after endorsing a GOP gun proposal and sidelining a series of Democratic firearm policy amendments.
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.
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.
Last week, in a welcome display of bipartisan achievement, the House Energy & Commerce Committee reported HR 6, the Domestic Prosperity and Global Freedom Act, to the House floor. The bill, as amended by the Committee, demonstrated significant compromise, and the Committee’s bipartisan action sends a message to the rest of the world of growing Congressional support for the United States re-emergence as a global energy leader. In light of the mounting support for accelerated liquefied natural gas (LNG) exports, the House and Senate must now take action on this bill to accelerate the permitting of LNG export applications.
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.
All over the United States, construction crews are shaking off the winter cold and gearing up for a busy season repairing and expanding our transportation infrastructure. Yet, one ominous question remains: Will the Highway Trust Fund have enough money to keep them on the job?
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.
It was late afternoon on a hot day in Havana. Since 8:30 a.m., we’d been in a series of meetings, in which we’d discussed everything from the state of U.S.-Cuba relations, to the structure of the Cuban government, to the future of foreign investment in Cuba. We were badly in need of a break. Fortunately, our last meeting was about sports education, and so a short while later, as the day cooled off, we found ourselves outside on a diamond, speaking a language our long-estranged nations have in common: pickup baseball.
Democrats and Republicans may not agree on much, but most fair-minded Americans share the view that the death tax is unwise, outdated and counter-productive. Considering how economically damaging and inefficient it is, it’s no wonder the death tax is so unpopular. While Congress remains gridlocked on the future of this ghoulish tax, the good news is at the state level, many legislatures and governors are working together to drive a stake into the heart of their own misguided death taxes.
The Bill of Rights was drafted as a document limiting the reach of government and recognizing maximum freedom to individuals and the states. This broad philosophy is the foundation of grass-roots conservative in the tea party movement. But over time, the Constitution has been changed, sometimes resulting in the surrender of personal freedom to an increasingly powerful central government.
Thursday marks the 35th anniversary of the Taiwan Relations Act, one of the most important pieces of legislation with which I have been associated. This landmark law has contributed vitally to the security and stability of the Republic of China and continues to guide our countries’ relations.
In pursuing its lofty international trade agenda, the Obama administration has been courting labor unions, long the strongest supporters of the president but also perhaps the strongest skeptics of expanded free trade.
Congressional Republicans who support the administration’s free-trade agenda are pleading for President Barack Obama to make the issue a top priority.
Last week, the Senate Finance Committee addressed several expiring tax provisions, including the production tax credit for wind energy. Although this provision has been extended multiple times with broad bipartisan support since 1992, it is one of several energy policies that have become unnecessarily politicized.
Bike sharing systems would be among the winners under draft legislation extending a laundry list of tax incentives that Senate tax writers approved last week.
Public transit advocates were blindsided when House Republicans introduced a five-year highway bill two years ago that proposed eliminating the Highway Trust Fund’s transit account.