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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