Last week, the Senate voted to pass a budget (the U.S. House of Representatives passed its own budget earlier in October). Kudos are in order for both chambers and their leadership—these are major accomplishments. But, there is more work to be done. Now, the two chambers must reconcile the two budgets and pass a final draft. Doing so—and doing it quickly—is critical to the eventual passage of the kind of comprehensive tax reform legislation small businesses need to drive meaningful, long-term growth, job creation, and wage increases.
David Williams | All Articles
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David Williams is the President of the Taxpayers Protection Alliance, a non-profit, non-partisan organization dedicated to educating the public through the research, analysis and dissemination of information on the government’s effects on the economy. In his 18 years in Washington, D.C., David has become an expert in finding and exposing government waste and has helped fine tune criteria in identifying and ultimately eliminating earmarks.
Hurricanes Irma and Maria’s twin paths of destruction have knocked the wind out of Puerto Rico, sending the American territory into a tailspin. In the wake of the cataclysmic one-two punch, islanders are pressing Washington to ramp up recovery efforts and restore basic services. And, with billions of dollars in damages, Puerto Rico will undoubtedly be the beneficiary of a hefty federal aid package.
Appliance kingpin Whirlpool wants the federal government to step in and give it a competitive advantage over rival washing machine manufacturers. If the Trump administration is serious about ending taxpayer-funded corporate bailouts and draining the swamp, telling Whirlpool to fight its own marketplace battles, as other companies have to do, would be a great place to start.
One of the things Republican-leaning voters have clearly rejected in the last several election cycles is back room dealing that benefits privileged industries. Unfortunately, many in Congress have yet to grasp this simple directive.
The future of healthcare has taken center stage in Congress and across the country. Hospitals play a pivotal role in healthcare and our communities. In addition to caring for patients in a diverse array of services, they are often massive employers, providing good jobs and high-paying wages for trained staff. However, many hospitals enjoy a full exemption from federal income tax, obtaining the same status as 501(c)3 nonprofits. It’s hard to explain why; “nonprofit” hospitals are making vast amounts of money. In fact, of the 10 most profitable hospitals in America, seven are technically nonprofit.
Cuba is 90 miles from the United States, yet to most Americans, the Cuban people and culture have remained shrouded in a veil of mystery since 1960. But, once there is an opportunity to travel to Cuba and see how the country is changing, it is clear that current U.S. policy is outdated and counterproductive for the United States and Cuba.
The federal government provides much of the guidance and regulation of airports, but states and localities have a say too -- and rightly so. Airports that are too close to urban centers can be forced by those cities to undertake noise abatement measures. And, for instance, these airports can only fly at certain hours or have to offer free installation of more heavy-duty sound-reducing windows and other materials to all of the houses in their planes’ flight paths.
A peculiar attempt to whitewash history and impose political correctness on the town of Falls Church, Virginia, is being masterminded using secret meetings, troubling tactics and, potentially, lots and lots of tax dollars.
In a meeting last week, Nevada Governor Brian Sandoval asked Attorney General Jeff Sessions to leave his state alone when it comes to regulating online gaming.
President Donald Trump recently designated Federal Communications Commission (FCC) commissioner Ajit Pai to be chairman of the FCC. This choice is an excellent one since Pai was a strong opponent of former Chairman Tom Wheeler’s policy to expand taxpayer-funded municipal broadband networks.
By delaying the Fiduciary Rule, President Donald Trump is making it easier for Americans to save for retirement and get the advice they need from financial professionals.
Politicians in Washington, D.C. will never be known for trying to make taxes simple to understand. The tax code has expanded to more than 2 million words with individuals spending billions of hours trying to comply with the complex system.
Taxpayers are accustomed to paying for the country’s critical transportation infrastructure. What many taxpayers may not know is that the commercial rail infrastructure is privately funded and it is working quite well. In fact, the U.S. freight rail industry serves a critical role in the U.S. economy and benefits all American taxpayers and consumers. Yet a proposed rule by the Surface Transportation Board (STB) that would mark a significant change in direction from the industry-saving partial deregulation in 1980 could threaten this success by driving cargo from private railroads to taxpayer-funded roads.
The emotions surrounding the passage, veto, and subsequent veto override of the Justice Against Sponsors of Terrorism Act (JASTA) are real and undeniable. However, after getting past the visceral reaction to the passage of the legislation, there are also fiscal policy issues that need to be considered. One potential unintended consequence that has received insufficient attention is the role JASTA might play in freezing the global flow of capital.
As the Obama administration winds down, the tenure of Gina McCarthy as Administrator of the Environmental Protection Agency will go down in history as a bewildering and frustrating abuse of taxpayer money. For eight years, the White House has put all its efforts into headline-grabbing climate change proposals, but its environmental legacy here at home has been marked with scandal and neglect. McCarthy’s EPA has waged war on good faith players in the private sector, while turning a blind eye to appalling public sector scandals where state and local government entities poisoned entire communities.
The growth of new technologies in cable broadband in recent years has greatly expanded the reach and value of its services. Whereas cable itself was once king, broadband now thrives with the emergence of streaming platforms and new social networking tools, all of which we can access on multiple mobile devices. As a result, spectrum demand nearly outpaces supply, and industry stakeholders and Federal Communications Commission (FCC) regulators are scrambling to ensure there is enough spectrum to support the growth of wireless innovation.
Tuesday’s Republican presidential debate in Las Vegas was a disappointment for fiscal conservatives who care about reckless federal spending, particularly at the Pentagon.
More than 112 mergers and acquisitions have been announced in 2015, totaling more than $4.6 trillion in value. That makes this year the most active in history. But regulators in Washington have a dysfunctional disposition when it comes to mergers and acquisitions these days – the combination of anti-merger attitude and corporate cronyism.
On Tuesday, bipartisan members of Congress struck a deal that included renewal of the U.S. Export-Import (Ex-Im) Bank into the five-year, $305 billion highway funding bill. What export financing and transportation highway funding have in common is anyone’s guess, but this is exactly why Americans distrust Washington. These political games revived government-sponsored crony capitalism that no one needs and many agree is a waste of taxpayer resources. In today’s hyper-partisan Congress, it seems the only thing our elected officials seem to agree on is more corporate welfare for Fortune 500 companies at the taxpayer’s expense.