House Budget Committee chairman Paul Ryan (R-WI) has introduced his annual budget blueprint. The plan will likely pass the House but won’t become law this year. However, the plan signals the direction that House Republicans want to go in budget battles with the Democrats this year, and it also shows the likely thrust of policy under a possible Republican president next year.
The Department of Transportation (DOT) is proposing new rules that would allow it to fund exceedingly wasteful rail transit projects that do nothing to relieve congestion. While the existing rules require transit agencies to demonstrate that proposed new rail lines are at least minimally cost effective, the proposed rules focus instead on such vague criteria as “livability” and “environmental justice.”
At Downsizing Government, we have published an essay on the Army Corps of Engineers.
President Obama and most members of Congress agree that the U.S. corporate tax rate should be cut. Thankfully, it is finally sinking in that having a 40 percent corporate tax rate when the world average is just 23 percent is suicide in a globalized economy.
A new brief from the Congressional Budget Office discusses the role of small businesses in the economy and how they’re affected by federal policy. The CBO cites the Small Business Administration as one example of how federal policy favors small businesses over larger businesses:
If, like me, you’re a Pennsylvanian who wants a smaller federal government, you’ve probably been scratching your head at Rick Santorum’s success in the Republican primaries. An article in today’s Washington Times on the former Pennsylvania senator’s lack of popularity in the Keystone State is instructive.
My new piece at ForeignPolicy.com on Ron Paul and the Republican Party focuses on the strong support that Paul draws from young people, with some additional speculation about where those young people will end up, if and when Paul steps back from his very public role.
I have previously discussed how multiple levels of government work together to provide businesses with taxpayer money (see here and here). And while Republican policymakers have enjoyed making political hay out of the Obama’s administration’s Solyndra problem, the truth is that both parties are willing partners in the corporate welfare racket.
Today’s example of how the federal government has become too darn big is the U.S. Department of Agriculture’s Value-Added Marketing Grant program. This (relatively) little slice of corporate welfare will hand out approximately $56 million in taxpayer dollars this year to “producers of agricultural commodities” who can use the money “for planning activities and for working capital for marketing value-added agricultural products.”