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  • Issue Brief posted June 26, 2015 by John Gray, Nicolas Loris, Daren Bakst FY 2016 House Interior and Environment Appropriations Bill: Right on Regulations, Wrong on Spending

    The new Department of the Interior, Environment, and Related Agencies Appropriations Act (H.R. 2822) will be the seventh discretionary spending bill considered by the House of Representatives this year. The bill would provide $30.17 billion in discretionary budget authority (BA) for fiscal year (FY) 2016, roughly $246 million less than current levels. The bill largely…

  • Testimony posted June 25, 2015 by Curtis S. Dubay Congress Should Only Make Changes to Repatriation Policy When Establishing a Territorial System

    Testimony before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means United States House of Representatives June 24, 2015 Curtis S. Dubay Research Fellow in Tax and Economic Policy The Heritage Foundation My name is Curtis S. Dubay. I am Research Fellow in Tax and Economic Policy at The Heritage Foundation. The views I express in this…

  • Backgrounder posted June 22, 2015 by Daren Bakst A Decade After Kelo: Time for Congress to Protect American Property Owners

    On June 23, 2005, the United States Supreme Court held in Kelo v. City of New London[1] that the government can seize private property and transfer it to another private party for economic development. This type of taking was deemed to be for a “public use” and allowed under the Fifth Amendment of the United States Constitution. As a result, if a city claims that a…

  • Commentary posted June 19, 2015 by Romina Boccia Our skyrocketing debt: Higher taxes, lower benefits loom

    Remember the national debt? It's been a while since members of Congress have warned us about it and talk of government shutdowns dominated the headlines. So, problem solved? If only. Things have been quiet on the fiscal front simply because Congress suspended the debt limit in February 2014 and the day of reckoning has yet to come. So, as with other unpleasant facts of…

  • Commentary posted June 18, 2015 by Norbert J. Michel, Ph.D. Basel III Does Not Justify The Export-Import Bank

    I’ve mostly stayed out of the debate over reauthorization of the U.S. Export-Import (Ex-Im) Bank. My colleague Diane Katz, and some others, have run with the issue. And they’ve done a great job of pointing out the hyperbole that Ex-Im supporters rely on to make their case. Ex-Im financing supports only about 2 percent of the nation’s exports, but we’re supposed to…

  • Testimony posted June 11, 2015 by Romina Boccia Corporate Welfare Wastes Taxpayer and Economic Resources

    Testimony before the Subcommittee on Federal Spending Oversight and Emergency Management United States Senate June 10, 2015 Romina Boccia Grover M. Hermann Research Fellow in Federal Budgetary Affairs and Research Manager The Heritage Foundation My name is Romina Boccia. I am the Grover Hermann Research Fellow in Federal Budgetary Affairs and Research Manager at The…

  • Issue Brief posted June 10, 2015 by Diane Katz, Veronique de Rugy The End of Ex–Im: No Threat to Exports or Employment

    The charter of the Export-Import Bank (Ex–Im) will expire on June 30 unless reauthorized by Congress, which looks increasingly unlikely. Beneficiaries of the bank are issuing dire warnings about a future without export subsidies, in which exports abruptly decline and jobs supposedly disappear. The facts say otherwise. All existing Ex–Im deals would remain intact, and the…

  • Backgrounder posted June 4, 2015 by Curtis S. Dubay, David R. Burton How Congress Should Reform Business Taxes

    Fundamental tax reform remains a top agenda item for many in Congress, especially for House Ways and Means Committee Chairman Paul Ryan (R–WI) and Senate Finance Committee Chairman Orrin Hatch (R–UT). The country needs fundamental tax reform because the tax code is stifling economic freedom and preventing the economy from being vibrant and prosperous. Fundamental tax…

  • Issue Brief posted June 4, 2015 by John Gray, Norbert J. Michel, Ph.D., Michael Sargent House Transportation, Housing and Urban Development Appropriations: The Highway to Bankruptcy

    The House of Representatives will soon consider the Transportation, Housing and Urban Development (THUD) appropriations bill. The THUD appropriations bill provides funding for the Departments of Transportation and Housing and Urban Development. The bill provides $55.3 billion in discretionary budget authority. This represents a $1.5 billion increase above the current…

  • Special Report posted June 3, 2015 by James L. Gattuso, Alden Abbott, Curtis S. Dubay, David Inserra, Paul Rosenzweig, Michael Sargent, Brett D. Schaefer Saving Internet Freedom

    Table of Contents Net Neutrality: Reining in Innovation Internet Governance: Past, Present, and Future Regulatory Barriers to Online Commerce Protecting Internet Commerce from Undue Tax Burdens Copyright and the Internet: Getting the Balance Right The Intersection of Internet Freedom and Cybersecurity E-mail Digital Privacy In the space…

  • Commentary posted June 2, 2015 by Norbert J. Michel, Ph.D. Changing U.S. Bankruptcy Law Will Not Help Puerto Rico

    Imagine a small U.S. city that owns and operates its own electric power company. The business has been poorly run for decades. But it’s backed by the government, so it’s been able to borrow huge sums of money. Much of the borrowing was done via a set of special tax-exempt bonds, with contracts that spell out exactly what the power company can and can’t do in the event it…

  • Issue Brief posted May 21, 2015 by Nicolas Loris Seven Objectives for Effective and Productive Energy Legislation in 2015

    Members of the U.S. Senate and the U.S. House of Representatives are calling for a comprehensive energy bill in 2015. If past is prologue, however, such wide-ranging energy bills do much more economic harm than good. For instance, the last two major energy bills signed into law by President George W. Bush, while including some seemingly pro-market titles, contained…

  • Testimony posted May 15, 2015 by David R. Burton Legislative Proposals to Enhance Capital Formation and Reduce Regulatory Burdens: Venture Exchanges

    Testimony before the Capital Markets and Government Sponsored Enterprises Subcommittee of the Committee on Financial Services United States House of Representatives May 13, 2015 David R. Burton Senior Fellow in Economic Policy The Heritage Foundation My name is David R. Burton. I am Senior Fellow in Economic Policy at The Heritage Foundation. I would…

  • Commentary posted May 15, 2015 by James L. Gattuso, Diane Katz Regulating escalators and escalating regulation

    What do restaurant menus, refrigerators, community banks and escalators have in common? All were subjected to yet more federal regulation last year. No fewer than 184 "major" new rules have been imposed since the start of the Obama administration, costing Americans about $80 billion per year in additional regulatory costs. And many more regulations are on the way.…

  • Commentary posted May 13, 2015 by Daren Bakst Water, water everywhere … not a drop unregulated

    The feds have launched a new power grab, and it’s coming at the expense of property rights. The Environmental Protection Agency (EPA) and the Army Corps of Engineers have proposed a new rule to define “waters of the United States.” This definition is supposed to clarify what “waters” are covered under the Clean Water Act and therefore what these two agencies can…