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In Action

Loan Money For Rural TV
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Loan Money For Rural TV

BY McGregor McCance

The federal farm bill signed into law this week plants seeds that may produce local television signals for rural satellite television subscribers. Included in the massive bill is $80 million in loan guarantees designed to encourage companies to launch satellites that could bring local channels to more subscribers. Most satellite TV subscribers cannot get local channels over a dish. They must rely on regular TV antennas, which often can't clearly pick up local TV stations in rural areas.

05/16/2002
Family Members Sue Over Control of Foundation
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Family Members Sue Over Control of Foundation

Family members of a late philanthropist have sued officers of the $17 million foundation bearing his name, accusing them of pushing the family out of the trust. Edwin Morris' widow, Mary Cannon Morris, and the couple's son, Joseph Morris, sued the leaders of the E.A. Morris Charitable Foundation in Guilford County Superior Court. The civil complaint filed May 10 says foundation president John Thomas "wrongfully seized control of the (foundation) for his personal benefit" and has tried to eliminate the Morris family from the foundation.

05/16/2002
President Should Have Vetoed Farm Bill
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Press Release

President Should Have Vetoed Farm Bill

© 2002 Copley News Service, 5/15/2002 President Reagan once accused Congress of spending like a drunken sailor and immediately had second thoughts: "But that would be unfair to the drunken sailor. At least he's spending his own money." Well, Congress has fallen off the wagon again, spending taxpayers' money with abandon and stupidity in the farm bill it sent to President Bush, who signed it in a 12-minute White House ceremony yesterday. The new law constitutes a 10-year, $190 billion (estimated) raid on the Treasury, but that is the least of its problems.

05/15/2002
Memo to Congressional Leaders
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Press Release

Memo to Congressional Leaders

Social Security is a tough political issue. All working Americans have a direct, vested interest in the program. Virtually all seniors receive a direct check each month and, in many cases, this is their only source of income. To gain political capital, the Do-Nothing Democrats plan on using scare tactics, demagoguery, half-truths, and distortions in a multi-million dollar mail and TV ad blitz this fall aimed directly at seniors who vote.

05/15/2002
Bed Tax Unnecessary and Unfair to Tourists
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Bed Tax Unnecessary and Unfair to Tourists

BY Ray Adams

I would like to reply to Bill Pullen (manager of Holiday Inn Oceanside and president of the Martin County Hotel and Motel Association) who asserts in his May 9 letter that bed taxes, if used properly, would increase tourism. In retrospect, the other two times this tax was proposed, the association (14 motels) killed it because the revenue would not benefit them. Now that its use is for free advertising, the association is behind it.

05/15/2002
Taxing an Abstraction
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Press Release

Taxing an Abstraction

Corporate income and accounting has received much attention from lawmakers in recent weeks. The Enron collapse focused attention on the accounting profession – culminating in the all but certain demise of the Andersen partnership – and accounting methods, which have been addressed by several pieces of legislation currently before Congress. As is often the case with complex public policy issues, both the corporate reform proposals and the rhetoric surrounding them do little to address real problems or examine the way current rules and regulations thwart market processes.

05/14/2002
Wanted: A Fairer, Simpler Tax Code
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Press Release

Wanted: A Fairer, Simpler Tax Code

As government has grown, so too has the complexity of the tax code. Rather than an efficient means of financing government activities, the tax code has become a costly tool of social policy and income redistribution. The current debate over permanent repeal of the death tax—a tax that generates very little revenue while distorting incentives for productive investments—demonstrates the intractability of the tax code. Yet, as more Americans find themselves subjected to the perversities of the tax code, the need for fundamental tax reform increases.

05/14/2002
The Death Tax: It’s About Values
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Press Release

The Death Tax: It’s About Values

Have you ever heard an actual economic argument made for keeping the Death Tax? No one claims that by diverting resources from productive investments into tax shelters the Death Tax spurs economic growth and job creation. No one claims that forcing a family to sell a farm or a business to pay the Death Tax helps create wealth.

05/14/2002
Letter to Representative William Thomas
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Press Release

Letter to Representative William Thomas

Representative William Thomas Chairman, Ways and Means Committee 1102 Longworth HOB Washington, DC 20515 Dear Chairman Thomas: I am writing to express my support for the consideration and passage of H.R. 2714, the “Date Certain Tax Code Replacement Act of 2001.” Originally sponsored by Congressman Steve Largent, since his departure, Rep. Jim DeMint has been actively pursuing its passage.

05/14/2002
for Auto Insurance Competition Launches New Wave in Campaign for Fundamental Auto Insurance Reform in New Jersey
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for Auto Insurance Competition Launches New Wave in Campaign for Fundamental Auto Insurance Reform in New Jersey

The Coalition for Auto Insurance Competition is launching an additional wave of advertising as part of its continuing statewide media campaign for reforming New Jersey's car insurance system to increase insurance competition and consumer choice.

05/14/2002

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