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In Action

National Debt Threatens U.S. Credit Rating
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Blog

National Debt Threatens U.S. Credit Rating

Stanford economics professor and creator of the Taylor Rule, John Taylor, had an interesting article in the Financial Times on Tuesday.  He explores options for government to find a way out of its monstrous debt and what effects those options might have on the United States' credit rating and tax burden.  He writes,  

05/28/2009
Government to Take Over GM?
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Blog

Government to Take Over GM?

The General Motors bond holders that had been offered a 10% stake in the company after recapitalization refused the offer.  The unsecured bond holders are owed about $27 billion and 10% of a recapitalized GM is likely to be worth substantially less.  It is possible that another deal could come together before the deadline of June 1.

05/27/2009
FreedomWorks Activists Organize to Stop $800 million Oregon Tax Hike Scheme
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Press Release

FreedomWorks Activists Organize to Stop $800 million Oregon Tax Hike Scheme

Salem, OR - FreedomWorks is unleashing its grassroots network in Oregon to stop the state legislature from raising state income taxes by $800 million. Raising taxes during a recession is terrible public policy and will not lead to long term economic growth. Only by reducing taxes and regulations, and making Oregon a more business-friendly state can we achieve the goal of steady economic growth for Oregon.

05/22/2009
Senate-Passed Bill Would Bring Sunlight To Fed
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Newspaper Article

Senate-Passed Bill Would Bring Sunlight To Fed

BY Ryan Grim

The amendment was pushed by Sen. Charles Grassley of Iowa, the highest ranking Republican on the finance committee, and quietly breezed through 95 to 1. Grassley said that his measure wasn't aimed at limiting the Fed's independence, but that Congress just wanted to know a little bit about what it's doing. [UPDATE: In response to the justifiably, curious, Sen. Lamar Alexander (R-Tenn.) was the lone no vote.]The proposal is, said Grassley, "an important reform for holding the entities involved in the massive taxpayer-funded economic bailout accountable to the public."

05/22/2009
LAMBRO: New Protests Planned
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Newspaper Article

LAMBRO: New Protests Planned

BY Don Lambro

Last month's nationwide "tea party" demonstrations to protest massive government spending increases and rising taxes received relatively little coverage from the national news media.Liberal big-government groups dismissed them as the work of right-wing advocacy organizations in Washington, and the events were so dispersed - most of them in small cities and towns - that no one could be sure how many actually had turned out to attend them.

05/22/2009
Oregon House Democrats propose higher taxes for corporations, wealthy
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Newspaper Article

Oregon House Democrats propose higher taxes for corporations, wealthy

BY Harry Esteve and Jeff Mapes

SALEM -- The state can ease its budget crisis by increasing taxes on corporations and adding a new, higher tax bracket for Oregon households that make more than $250,000 a year, a group of House Democratic leaders said Thursday.The tax increases, which could add half a billion dollars or more to the state's general fund, emerged as the centerpiece of the House Democrats' plan to deal with an expected two-year budget shortfall of up to $4 billion.

05/22/2009
Battle lines are being drawn over taxes
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Newspaper Article

Battle lines are being drawn over taxes

BY Peter Wong

Even before a single vote is taken, the political battle lines are being drawn over higher taxes — particularly on higher-income households and corporations — to balance Oregon's sagging state budget.Depending on legislative action, those battle lines could extend to Oregon's voters, if opponents have their way.

05/22/2009
MPAA vs. Consumers
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Blog

MPAA vs. Consumers

Closing arguments were heard in San Francisco today in a case brought by the Hollywood studios to ban RealDVD from the market.  The Motion Picture Association of America made it clear that it beleives consumers have no right to copy legally purchased DVDs.  In their view, "One copy is a violation of the DMCA [Digital Millennium Copyright Act]."  Should Hollywood prevail, the DMCA will trump Fair Use doctrine, that has balanced consumer's uses of content with the rights of the content providers.  For an update, check "Fair Use or No Use?"

05/21/2009
Fair Use or No Use?
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Press Release

Fair Use or No Use?

Last fall, RealNetworks launched a new product, RealDVD, allowing users to legally save a copy of any DVD that they own. However, in what appears to be an ongoing war with consumers, the motion picture studios—including Disney, Paramount, Sony, Twentieth Century Fox, Warner Bros., and Viacom—have filed a lawsuit against RealNetworks to have the new product banned. Within a week of its unveiling, the studios had a temporary restraining order in place, removing the product from the market.

05/21/2009
Oregon's Latest Tax Hike Scheme
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Press Release

Oregon's Latest Tax Hike Scheme

This week the Democrat co-chairs of the Ways and Means Committee announced their budget plan.  It includes an $800 million tax increase on the “wealthy”.  In reality the tax is a job killer, a massive increase targeting small and family businesses.  All in a time when Oregon has 12 percent unemployment, the second highest in the nation and still growing.

05/21/2009

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