Archive for May, 2006

Markey Supports Gov Regulation of the Net

Thursday, May 18th, 2006 by Peter Deery

Congressman Ed Markey plans to introdudce legislation codifying net neutrality regulations into law in an attempt to save the internet by promoting “openness” and “non-discrimination.” The idea here is to grant users of the internet what is entitled to them by the FCC:
The FCC statement says, “consumers are entitled” (our emphasis) to the “content,” “applications” […]

Gallup: Nearly Half of U.S. Sees Congress as “Corrupt”

Thursday, May 18th, 2006 by Chris Kinnan

Runaway earmark spending and tax code complexity are taking on toll on the GOP majority. The latest from the Gallup News Service:
PRINCETON, NJ — A recent USA Today/Gallup poll finds that the percentage of Americans who say that most members of Congress are corrupt has increased significantly from the beginning of this year, and […]

Florida Legislature Passes Strong Eminent Domain Protections!

Wednesday, May 17th, 2006 by Arpan

It’s a good month for property owners! This week, Governor Jeb Bush signed House Joint Resolution 1567, which passed the State Senate by a margin of 37-3. It passed unanimously by 113-0 in the House. The resolution would prevent municipal governments from seizing private property and redistributing it to other private parties. In other words, […]

Oklahoma Supreme Court Upholds Property Rights!!

Wednesday, May 17th, 2006 by Arpan

Great news today from the Oklahoma Supreme Court, which ruled that local governments cannot condemn private property using eminent domain and retransfer it to other private parties for the purpose of “economic redevelopment.” For the conflict and backstory, see here.
The court wrote:
To permit the inclusion of economic development alone in the category of “public […]

Tell Rep. Goodlatte, No on Net Neutrality

Tuesday, May 16th, 2006 by Peter Deery

FreedomWorks is urging all Virginia activists and concerned constituents to get your phone calls in to Representative Bob Goodlatte’s office. Net Neutrality regulations are bad for competition, bad for business and discourage innovation. To learn about net neutrality regulations and the proposed government regulation of your internet please read this. We hope you will […]

Great Video that Explains Net Neutrality

Friday, May 12th, 2006 by Arpan

I encourage everybody to view this video. Make sure to turn your sound on.

“Tax cuts for the rich”

Friday, May 12th, 2006 by Arpan

This chart, created by the House Joint Economic Committee, shows relative tax burdens after the Bush tax cuts. Thanks to the TaxProfBlog for the link.

Tax Relief Passes through the Budget Conference

Wednesday, May 10th, 2006 by Arpan

Yesterday, the House and Senate conferees extended President Bush’s tax relief on capital gains and dividends. In 2003, President Bush and Congress cut capital gains and dividends taxes from 20% to 15%. It was set to expire in 2008 before the Budget conferees extended it until 2010. While it would have been nice for the […]

Oil profits

Tuesday, May 9th, 2006 by Max

Jerry Taylor of the Cato Institute lays out the facts about oil company profits in this TV interview and goes into more detail in this paper with Peter Van Doren.
Turns out, oil company profit margins–what they make on each dollar sold–were just about average at 8.8% in 2005 as compared to 8.5% for […]

Abolish the OK Death Tax

Tuesday, May 9th, 2006 by Peter Deery

Oklahoma Council of Public Affairs’ Brandon Dutcher applaudes the state House for scrapping the Death Tax but says the Senate needs to do their moral duty and follow suit:
In 1848, Karl Marx and Friedrich Engels made the case for “wrest(ing), by degrees, all capital from the bourgeoisie … by means of despotic inroads on the […]