Compromise moving in direction of Kaine campaign proposal?

Contributors

President Obama has proposed allowing the Bush tax cuts to expire above $400,000 as part of negotiations to avoid the fiscal cliff. U.S. Sen.-elect Tim Kaine had suggested during his campaign allowing the Bush tax cuts to expire on income above $500,000 per year, a practical compromise between the position of Senate Democrats and President Obama and the position of House Republicans.

Bob Goodlatte: Fixing a badly broken ethanol policy

Contributors

Common sense would tell you that if something is broken, it should be fixed. However, once again common sense has not prevailed within the Environmental Protection Agency (EPA). Just a few days ago, the EPA denied a waiver of the Renewable Fuel Standard (RFS) for this year. The EPA’s decision to deny much-needed relief to American livestock producers, food producers, and consumers was extremely disappointing. With a steep decline in corn production this year and a sharp increase in corn prices, the economic harm of the RFS is undeniable.

Warner, Toomey lead bipartisan effort to protect community banks

Chris Graham

U.S. Sens. Mark Warner (D-Va.) and Pat Toomey (R-Pa.) on Thursday led a bipartisan letter to Federal Reserve Chairman Ben Bernanke, Federal Deposit Insurance Corp. Acting Chairman Marty Gruenberg and Comptroller of the Currency Tom Curry urging financial regulators to consider the impact new Basel III capital standards would have on community banks. The letter is signed by 53 U.S. senators.

mark warner

Warner, Portman introduce DATA Act

Contributors

U.S. Sens. Mark R. Warner (D-Va.) and Rob Portman (R-Ohio) have introduced bipartisan legislation to improve and expand federal fiscal accountability. The legislation requires more standardized reporting of federal spending posted to a single website, allowing citizens and agencies to more easily identify improper payments, waste and fraud.