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Bob Goodlatte: Fixing a badly broken ethanol policy

AFP
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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
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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

AFP
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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.

Scott Klinger: Time to end the Apple and GE offshore tax loopholes

AFP
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While attention focuses on congressional action on the Bush tax cuts, another tax bill is quietly tiptoeing through the Senate. The Senate Finance Committee has reported out the corporate tax extenders bill, a collection of dozens of tax breaks, many targeting industries whose lobbyists have filled campaign larders with cash. These tax breaks all expired at the end of last year, and are on track to be renewed for another year with little debate or scrutiny

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