That’s why Rep. Mike Pompeo (R-KS)Heritage ActionScorecardRep. Mike PompeoHouse Republican Average88% introduced the Energy Freedom and Economic Prosperity Act (EFEPA) (H.R. 259). EFEPA would eliminate all current energy subsidies in the tax code, enabling lower corporate tax rates to encourage investment and spur economic growth.
President Obama’s budget will no doubt be greeted with cheers from the entrenched special interests that thrive off an ever growing government, but it will do nothing for Americans struggling in this economy. The American people deserve bold policies that restore economic vitality, renew the American Dream, and equip people to achieve happiness and prosperity.
House and Senate leaders in both parties are promising quick action on potentially hundreds of millions of dollars in U.S. economic aid to Ukraine along with possible sanctions against Russia after its invasion of Crimea.
House Majority Leader Rep. Eric Cantor (R-VA)Heritage ActionScorecardRep. Eric CantorHouse Republican Average61% said he had spoken to House committee chairmen on Monday about assembling a Ukranian aid package, including possible loan guarantees.
Three months after the administration unveiled a controversial new rule for 501(c)(4) nonprofits, both liberal and conservatives groups are hoping a record amount of comments and a deluge of attention from Capitol Hill will persuade the Internal Revenue Service to at least pare back the proposals before finalizing the new rule.
“No one thinks the proposals are perfect. There is near unanimity among liberals and conservatives that the effort was a bit too broad,” said Stephen Spaulding, a staff counsel with the liberal advocacy group Common Cause, which is generally supportive of revamping campaign finance laws.
House Ways and Means Chairman Dave Camp (R-Mich.) has taken up the battalion in Congress to beat back the regulations. His bill to place a one-year moratorium on finalizing the regulations passed, with about a dozen Democrats helping out, on Wednesday.
“The construction of the proposed new rules will restrict the free speech of citizens and the groups with which they may freely associate under the Constitution. … This purported government interest in clarity must be weighed against the fundamental First Amendment freedoms of speech and association,” Camp said in his comments.
Analysis: This week the House may consider the Homeowner Flood Insurance Affordability Act. This bill would delay and remove necessary reforms made by the 2012 Biggert-Waters Flood Insurance Reform Act to the National Flood Insurance Program (NFIP). When Congress reauthorized the NFIP in 2012, it required the phase out of subsidies on insurance premiums so that policyholders would eventually begin paying actuarially sound rates. Repealing reforms to NFIP further inhibits any path forward to an authentic private flood insurance market.