Republicans looking to regain control of Congress say they want to listen to the ideas of Americans to come up with a plan for the country. And so they developed a new web forum to harness those ideas.
But they did make clear that any ideas accepted will have to adhere to basic Republican principles of smaller government and no tax increases.
It’s worth about $1 million a year.
For most people that’s a lot of money. But in the context of a $3.7 trillion federal budget and a $1.5 trillion deficit, it’s small potatoes. Except in this case it’s a federal subsidy for mohair and it has more lives than an Angora cat.
Federal subsidies for mohair, which is produced from the hair of Angora goats, began in 1947 because the military was worried that there was not enough domestic wool production to supply its need for uniforms.
WASHINGTON (Reuters) – Treasury Secretary Timothy Geithner on Sunday expressed confidence that lawmakers will bridge partisan differences on the overhaul of financial regulations and pass a bill that protects taxpayers from financing future bailouts.
“I am very confident that we’re going to have the votes for a strong package of financial reforms that will bring derivative markets out of the dark, help protect the taxpayers from having to fund future bailouts and trying to make sure we’re getting Americans some basic protection against fraud and abuse,” Geithner told NBC’s “Meet the Press.”
White House Economic Economic Advisor Paul Volcker stirred up debate over the United States possibly adopting a European-style value added tax to help bring federal deficits under control, saying recently that it “was not as toxic an idea” as it has been in the past.
Well the idea is still pretty toxic in the U.S. Senate.
The Senate on Thursday voted 85-13 to adopt an anti-value-added tax resolution sponsored by Arizona Republican John McCain as part of its consideration of legislation that would restore lapsed jobless benefits.
U.S. Postmaster General John Potter says the nation’s mail system faces a “dire” financial future as more people and businesses switch from snail mail to email and electronic funds transfers.
He is asking Congress to give him authority to drop Saturday delivery service and close some post offices.
WASHINGTON (Reuters) – Health experts on Wednesday raised concern about the growing use of smokeless tobacco by teenagers, and suggested its use by Major League Baseball players is influencing young people to take up the cancer-causing habit.
The use of smokeless tobacco, chewing tobacco and snuff, by teens has risen in recent years, reversing a trend toward declining use of all tobacco products by teens, Terry Pechacek of the Centers for Disease Control and Prevention told a U.S. congressional panel. He said data to be released in the next few months will show an increase mainly among white and Hispanic young males.
WASHINGTON (Reuters) – Democrats are pushing to shore up support for the U.S. healthcare overhaul signed into law by President Barack Obama, but the final public verdict will largely depend on how smoothly it is put into effect.
Some of the biggest changes to the $2.5 trillion healthcare system are put off until 2014, but a number of benefits are slated to go into effect this year.
She gets to have her cake and eat it too…
House Speaker Nancy Pelosi got a big birthday surprise when House Education and Labor Committee Chairman George Miller carried a luscious looking chocolate birthday cake into the signing ceremony for the final piece of historic healthcare overhaul legislation.
The crowd sang happy birthday to the beaming 70-year-old after she signed the last installment of the hard won healthcare reform, the final step before sending it down to the White House for President Barack Obama’s signature. He is expected to sign it early next week.
WASHINGTON (Reuters) – Congress approved a package of final changes to President Barack Obama’s landmark healthcare overhaul on Thursday, and Obama dared Republicans to try to repeal the new law.
The House of Representatives put the finishing touches on the overhaul by passing a companion package that would make insurance more affordable, raise taxes on the wealthy and close a gap for prescription drug coverage for seniors.
Democrats are still celebrating their historic achievement on healthcare reform, but the looming question is what’s next?
For Republicans and other opponents, it’s a campaign to repeal the law and replace it with something more to their liking.