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Companies Sign Letter Against Higher Taxes in Budget
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Blog

Companies Sign Letter Against Higher Taxes in Budget

On March 24, 200 American companies sent a letter to Congressional leadership about the proposal in the Obama-Reid-Pelosi budget to repeal tax "deferral".  Deferral allows companies to defer income into the future to avoid high marginal tax rates on income.  The letter claims that the repeal would unilaterally increase taxes on large American companies that deal internationally.  

04/09/2009
Private Fiat Working in USA
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Blog

Private Fiat Working in USA

Across the country in various towns, people are printing private currencies backed by American dollars.  USA Today reports that there are at least five different private currencies circulating in the country.  

04/07/2009
Keynesian Bubble Reinflation
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Blog

Keynesian Bubble Reinflation

Mario Rizzo at NYU has a great article has a great article in this issue of the Freeman explaining how Keynesian stimulus packages can't restore confidence to an economy.  He argues that in order to restore confidence in the market, which Secretary Geithner has claimed is the goal, we have to fix the causes of the problem rather than the symptoms.  A stimulus package does not correct, even in Keynesian terms, the "collective irrationality" that lead to a housing bubble in the first place.  

04/07/2009
FreedomWorks Supports Bill to Reform Florida’s Insurance Market
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Press Release

FreedomWorks Supports Bill to Reform Florida’s Insurance Market

Florida’s government run Citizens Property Insurance Corporation is putting the state at risk of bankruptcy in the even of a catastrophic hurricane.  Citizens has become the largest insurer in the state by under-pricing the risks of a major catastrophe, even though the possibility of a significant hurricane is always looming.  The nation’s major insurers have pulled out of the state—Allstate, Nationwide, Prudential, USAA, and most recently State Farm, which had previously insured more than a million homeowners across the Florida. 

04/06/2009
$3.6 Trillion Budget Sets Up Return to Stagflation
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Press Release

$3.6 Trillion Budget Sets Up Return to Stagflation

Washington, DC – Congress has approved the outline of President Obama’s $3.6 trillion budget.  Although no Republicans voted for the budget, there was bipartisan opposition to Obama’s budget as twenty fiscally responsible Democrats voted against the $3.6 budget busting plan.

04/03/2009
FreedomWorks Applauds Senate Passage of DeMint Amendment Protecting Health Freedom
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Press Release

FreedomWorks Applauds Senate Passage of DeMint Amendment Protecting Health Freedom

Washington, DC - Passing overwhelmingly in a voice vote, the Senate approved the DeMint amendment late last night. The amendment would require a “point of order” calling for 60 votes to pass on any proposed health care legislation that would prevent Americans from keeping their current health care plan.Passage of the DeMint amendment is a major victory in the fight against socialized medicine and preserving health care choices.

04/03/2009
Thank You to Senators for "Yea" Votes on Sen. DeMint's Health Care Freedom Amendment
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Press Release

Thank You to Senators for "Yea" Votes on Sen. DeMint's Health Care Freedom Amendment

Click here to download the pdf of this letter. Dear Senators,

04/03/2009
Thank You Letter to Senators for "Yea" Vote on the Johanns Amendment
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Press Release

Thank You Letter to Senators for "Yea" Vote on the Johanns Amendment

This letter was sent to the following 67 Senators who voted to prohibit the use of reconciliation in the Senate yesterday: Alexander, Barrasso, Baucus, Bayh, Begich, Bennet, Bennett, Bingaman, Bond, Brownback, Bunning, Burr, Byrd, Cantwell, Casey, Chambliss, Coburn, Cochran, Collins, Conrad, Corker, Cornyn, Crapo, DeMint, Dorgan, Ensign, Enzi, Feingold, Graham, Grassley, Gregg, Hagan, Hatch, Hutchinson, Inhofe, Isakson, Johanns, Klobuchar, Kohl, Kyl, Landrieu, Levin, Lincoln, Lugar, Martinez, McCain, McCaskill, McConnell, Murkowski, Murray, Nelson, Pryor, Risch, Roberts, Rockefeller, Se

04/02/2009
FreedomWorks Applauds Passage of Johanns Amendment
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Press Release

FreedomWorks Applauds Passage of Johanns Amendment

Washington, DC - Senator Mike Johanns (R-Neb) offered an amendment yesterday to the Senate Budget Resolution to prohibit the use reconciliation in the Senate for legislation involving a cap and trade energy tax system. Some Senators had hoped to use the procedural tactic of reconciliation to avoid a full debate on cap-and-trade legislation by inserting language in the budget bill to circumvent traditional debate procedures.   Congress is supposed to be about debate, and limiting debate rules on critical votes runs contrary to the spirit of the institution.

04/02/2009
Cap and Trade Energy Tax Victories
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Blog

Cap and Trade Energy Tax Victories

President Obama's budget proposal working itself through Congress right now includes funding from a $600 billion cap and trade energy tax.  The plan would place a limit on the amount of carbon emissions that a firm is allowed to produce.  They can then sell their rights to carbon to other companies that wish to exceed their limit.  Cap and trade increases energy costs by restricting output and raising costs to producers.  

04/02/2009

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