Action Alert: Doc Fix will Cost America $500 Billion

Doc Fix will Cost America $500 Billion

A report released by the Congressional Budget Office confirms the doc fix deal negotiated by Speaker Boehner and Nancy Pelosi is a budget buster. It could drive America $500 billion further into debt.

It’s irresponsible, unsustainable, and worse than we originally thought.

Even President Obama has publicly said he’s ready to sign this so-called doc fix. If Barack Obama is eager to sign it and Nancy Pelosi has blessed it, you know it can’t be good.

The House is scheduled to vote on the Doc Fix deal today – and many lawmakers are still on the fence.

> > Don’t let your Representative cave into pressure and approve $500 billion of debt. Call them today.

Conservatives have a principled plan that solves the problems of Medicare. But Boehner and Pelosi are trying to take the easy way out: adding hundreds of billions to our nation’s already massive debt.

Make the call to your lawmaker today and tell them to vote “NO” to the Doc Fix plan.

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FAST FACTS: Higher education reform and opportunity (Hero) act

HERO Act (Higher education reform and opportunity act) 

  • “The Higher Education Reform and Opportunity Act would not only make the cost of higher education more affordable, but also make it easier for students to customize their own education and gain the specific skills they need to compete in today’s economy,” Senator Lee, January 9, 2014.
  • Empowers states to develop their own accreditation systems to accredit colleges, individual courses within colleges, apprenticeship programs, and curricula.
  • Any state-accredited educational institution, program, or course would then be eligible for federal funding such as student loans.

Heritage Research

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Top 7 Moments from Day One of the Policy Summit

When Representative Todd Rokita jumped in on a panel about unions and schooled everyone on how the the RAISE Act is the conservative solution to create opportunity in the workplace by telling the audience “There are now more than twice the number of union workers in the USPS than there are in the auto industry.”

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When Representative Tom Price gave a preview of the future of the budget committee and then spoke the truth when he said, “the problem isn’t revenue. The problem is spending.”

PRICE

When Representative Jeff Duncan charmed the audience as he laid out the facts about the EXPAND Act and outlined the plan for real energy reform when he told the audience “we need to unleash and unbridle the American entrepreneurial spirit in the energy sector.”

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When Senator Ted Cruz greeted his friend Jim DeMint . . .

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. . . And then leaned on the podium and answered audience question about the issues plaguing the Republican party and how “we need to do everything humanly possible to repeal Obamacare”.

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When Representative Jim Jordan imparted the wisdom of his college wrestling coach and then told us “if you have a tax code that is broken and stupid you may want to throw it out”.

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When a panel of freshman members gathered and Representative Barry Loudermilk summed up what all first term lawmakers should listen to: “Let’s be defined by what we’re for and come up with solutions.”

GoodFreshmanPannel

We can’t wait to see what memorable moments will be made tomorrow at day two of the Heritage Action Policy Summit.

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Tune in and watch: http://heritageaction.com/policysummit/

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Fast Facts: EXPAND Act

Energy Exploration and Production to Achieve National Demand (EXPAND) Act

  • Opens up access to leasing, exploration, and production in more areas in the Gulf of Mexico, the Atlantic and Pacific coasts, and the Alaskan Coastal Plain.
  • Allows states to develop programs that satisfy applicable federal laws to produce energy on federal lands.
  • Removes special tax breaks for all energy sources, including oil, gas, coal, and nuclear, which would spur energy technologies to be competitive.
  • Repeals the ethanol mandate.
  • Streamlines licensing and construction requirements for nuclear power plants and reforms the refinery permitting process.

Heritage Research

Nick Loris, “10 Ways the EXPAND Act Would Take the Energy Market in the Right Direction,” Issue Brief, February 4, 2014, http://www.heritage.org/research/reports/2014/02/10-ways-the-expand-act-would-take-the-energy-market-in-the-right-direction.

You can read more about Heritage Action’s policy plan by downloading the Heritage and heritage Action book:  “Opportunity for All and Favoritism to None”. 

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Fast Facts: PATH Act

Protecting American Taxpayers and Homeowners (PATH) Act

  • Voted out of the House Financial Services Committee
  • Ends the dominance that the federal government has on the housing finance system by dissolving Fannie Mae and Freddie Mac.
  • Ends the taxpayer subsidies of Fannie and Freddie by phasing out their failed taxpayer-backed business model over a five-year transition period.
  • Returns the Federal Housing Administration to its traditional mission: serving first-time homebuyers and those with low and moderate incomes and ensuring it will be able to insure loans to any qualified borrow-ers if ever faced with another economic crisis.
  • Removes regulatory barriers to private capital to attract investment and encourage innovation.

Heritage Research

Support From Others

  • Wall Street Journal Editorial: “Hensarling unveiled legislation to close down Fannie Mae and Freddie Mac, add much-needed discipline to the Federal Housing Administration, and clear away regulatory barriers to more private housing capital.” Editorial, “Housing Reform Breakout,” The Wall Street Journal, July13, 2013, http://online.wsj.com/news/articles/SB10001424127887324425204578597883614289330.
  • PATH Act is supported by Freedom Works, the National Taxpayers Union, the Council for Citizens Against Government Waste, and Heritage Action.

You can read more about Heritage Action’s policy plan by downloading the Heritage and heritage Action book:  “Opportunity for All and Favoritism to None”. 

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