Last week, Senator Marco Rubio — not only a prominent GOP senator but also a candidate for president in 2016 — came out strongly against the Ex-Im Bank. Within hours, the pro-Ex-Im lobbyists were sending e-mails all over the Hill trying to debunk the senator’s arguments against the bank. Time for some debunking the debunkers? One email entitled “Setting […]
Can a technical debate over tax plans trigger an identity crisis in the Republican Party? Apparently, yes. Sens. Marco Rubio of Florida and Mike Lee of Utah recently launched their “Economic Growth and Family Fairness Tax Reform Plan.” Within a few days former presidential candidate Steve Forbes fired back with a flat-tax plan. In policy […]
On Thursday, Senator Rand Paul proposed an amendment to the Senate budget that would have hiked defense spending and paid for it with a range of spending cuts elsewhere. The summary, via Reason’s Nick Gillespie: Amdt. 940 will increase, defense spending by nearly $190 billion over the next two years. This amendment continues to fulfill […]
Senators Marco Rubio and Mike Lee have proposed a major tax-reform plan that would eliminate some of the most punitive features of the tax code. The plan, called the “Economic Growth and Family Fairness Tax Reform Plan,” would dramatically reduce the punitive double taxation of saving and investment that characterizes the Internal Revenue Code and […]