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Many politicians spin this as a “spending” crisis, claiming, “There just isn’t any money.” Nonsense. Corporate profits are at an all-time high. The stock market has soared along with CEO bonuses, and yet corporate taxes have fallen to about a fifth of their profits.
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The Partnership to Build America Act, introduced by Representative John Delaney (D-MD) in the House and Senator Michael Bennet (D-CO) in the Senate, offers a way for multinational corporations to bring profits stashed off-shore back to the United States and finally pay tax on those profits, albeit a minuscule one, in exchange for purchasing bonds that would fund infrastructure projects.
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Hydroelectric sources of power dwarf other forms of renewable energy, but wind power has been a dominant second for years, and continues to show “hockey stick” growth moving forward.
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The National Wildlife Federation today released a six-month progress report on the White House Climate Action Plan. The report assesses progress to date in five categories, detailing both steps forward so far and areas for improvement.
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U.S. Sens. Mark Warner and Tim Kaine have introduced an amendment to emergency unemployment legislation that would repeal and replace the $6 billion cut to military pensions included in the Bipartisan Budget Act.
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Since coming to Congress, my top priority has been promoting job growth. As we look back at 2013 and we begin the New Year and the second session of the 113th Congress, I am encouraged by the progress my colleagues in the House and I have made in this effort.
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We are all familiar by now with “urban sprawl”—the uncontrolled spread of urban development into areas beyond the city. But environmentalists warn that the next frontier in sprawl is ocean sprawl, where the proliferation of fishing, shipping, tourism, resource extraction, energy development, military exercises and other human activity has begun to call into question just how vast our oceans really are.
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When holiday shoppers make a bad choice, the worst result may be an ugly sweater. But Congress recently made a bad choice that will ruin the holidays for over a million families—and will spoil the coming new year for millions more.
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Despite complaints that corporate taxes are too high, corporations on average pay only a third of the official federal income tax rate, according to a recent study by the U.S. Government Accountability Office.
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In their efforts to defund the Affordable Care Act, aka Obamacare, the Republican leadership in the House of Representatives also demanded a $29 billion tax break for one of the country’s more profitable industries, medical device-makers.
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