Tuesday, December 1, 2015

FREEDOMWORKS 12/01/2015 BIG GOVERNMENT CATERS TO CRONY CAPITALISM



Following former Secretary of State Hillary Clinton's announcement of a five-year, $275 billion infrastructure program, FreedomWorks Senior Economic Contributor Stephen Moore commented:

"Hillary Clinton's latest near $300 billion spending plan may make labor unions and the construction lobby jump for joy, but does she not understand that our nation is already $18.5 trillion in debt. Clinton's campaign spending promises are starting to break the bank. The only way she can pay for this massive spending binge is through either crippling tax increases on the middle class or saddling our children and grandchildren with even more crushing debt burdens." Read more here...


House & Senate/Schedule: This is the home stretch - both chambers are back in town this week and are scheduled to recess for the year on December 18th.

House & Senate/Spending: Negotiations continue to determine how money will be allocated in a likely omnibus government funding bill, with current funds set to run out December 11th. The omnibus will fund the government at levels set by the budget agreement reached in October, meaning that it will increase funding for both defense and domestic programs. There will be a struggle over what policy riders are attached to the bill - stay tuned for more information on those. Read More here...


- By Dr. Wayne Brough via Forbes

While the recent Republican debates have sparked lively discussions of tax and spending problems, many candidates have also highlighted the economic drag of regulation. This is important: Regulations have an annual cost of more than $1 trillion and have a significant impact on investment, innovation and economic growth. Rather than shackling the economy with new ones, Washington should conduct a comprehensive review of the regulatory burden with an eye towards eliminating redundant and obsolete mandates.

So what do the candidates propose to do? All have called for cuts in regulation and ensuring that the benefits exceed their costs. Many White House contenders have also insisted on the elimination of various agencies in an attempt to reduce the influence of the bureaucracy and its regulators-Texas Senator Ted Cruz said, if elected, he would get rid of the IRS and the Department of Education, among others. (Cruz is pushing for a federal hiring freeze as well.) And there have been demands for the repeal of onerous regulations issued by President Barack Obama, from Obamacare to a host of new EPA rules. Read more here...


- By Ted Abram

In the Democrat presidential debate, Senator Bernie Sanders (D-VT), an avowed socialist from Vermont, alluded to crony capitalism. "I'm running for president because as I go around this nation I talk to a lot of people. And what I hear is people concerned that the economy we have is a rigged economy."

In the Republican debate, Carly Fiorina (R-VA) already condemned the problem of crony capitalism politicians colluding with big business, and called out Obamacare as "crony capitalism at its worst." Rhetorically, she asked, "Who helped write this bill?" Then, she exposed the big businesses that conspired with the Obama administration. Finally, Fiorina identified big government as the locus of the problem. Read more here...


- By Jason Pye via Ricochet

Americans who are trying to kick their nasty smoking habit have found healthier alternatives in e-cigarettes and vapor products. But the bureaucrats at the Food and Drug Administration are trying to put this $3.5 billion industry out of business.

Small mom-and-pop shops have sprung up across the country to meet the growing demand for vapor products, which allow users to refill their vaporizers with their favorite e-juices. Separately, big tobacco companies have invested in non-refillable e-cigarettes. Read more here...


- By Logan Albright

Don't you love donating to causes you believe in? Don't you love that warm fuzzy feeling from knowing that contributing to a worthy cause? And don't you especially love that you can support whatever organization you choose anonymously? That last one is especially important given the news over the last few years that the IRS has been targeting conservatives with audits and denial of charitable status for nakedly political reasons.

Well, if the IRS has their way, this may be a luxury that will soon go the way of the dinosaur. A new rule is proposing that non-profit organizations collect the "tax identification numbers" of all their donors who give over $250. For you and me, that means our Social Security numbers. Read more here...


- By Jason Pye

In a recent interview with Bloomberg, Sen. Bernie Sanders (I-Vt.) hinted that he has "serious problems" with Uber, the popular app-based ridesharing service, and called it "unregulated." Though it is no secret that Sanders, a self-described democratic socialist, loathes capitalism, his comments are strange considering that his campaign exclusively uses Uber to get around at stops on the campaign trail, according to the National Journal.

While Sanders' comments were limited to Uber, what he said is reminiscent of Hillary Clinton's negative remarks in July about the sharing economy, which includes popular ridesharing services. The Democratic frontrunner pledged to crack down on the sharing economy. "This 'on-demand' or so-called 'gig economy' is creating exciting opportunities and unleashing innovation," said Clinton, "but it's also raising hard questions about workplace protections and what a good job will look like in the future." Read more here...

Hope you liked your latest morning update. Together, we will show the world how well freedom works.
 
 
Jason Pye
Communications Director, FreedomWorks

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