Having failed to stop Elizabeth Warren from reaching the US Senate, Wall Street interests are now clearly trying to push her away from the committee assignment where she would have the greatest oversight capability over them.
|By: David Dayen Thursday November 8, 2012 9:34 am|
|By: David Dayen Sunday August 5, 2012 7:40 am|
One man’s loophole is another constituent’s hard-won credit, and that person has someone in Washington lobbying on their behalf to keep that credit intact.
|By: David Dayen Thursday August 2, 2012 9:30 am|
Yesterday the House put themselves on the record on the Bush tax cuts, ensuring that the issue will extend into the lame duck session and that the election, in large part, will determine the course of action.
|By: David Dayen Thursday June 14, 2012 10:34 am|
The fiscal slope has several component parts, but one of the more overlooked ones is the series of what is colloquially known as “tax extenders,” those one-year tax breaks, usually for businesses, that are habitually extended. There’s a very good reason that these are only extended one year at a time – if you want to squeeze more campaign contributions out of business types, you have to show return on investment, and extending a tax break that saves their company millions every year – complete with the warnings that “without me as your champion in Congress, we may not be able to get this done” – does the trick.
|By: David Dayen Friday July 1, 2011 6:51 am|
I thought Mitch McConnell was just grousing about trade adjustment assistance being included in the three trade deals that the President sent to Congress. What I didn’t know is that the White House negotiated directly with House Republicans on the deal, and didn’t really consult the Senate minority. So they’re making mischief out of a real opposition, not to put on a show. This means that these trade deals may not go through at all.
|By: David Dayen Thursday May 12, 2011 6:55 am|
It was inevitable that oil-producing states would get representation like this. And yet every state is a gas-consumer state. Every state is a taxpayer state. Every state has constituents who give their money to the government so a sliver of it can be handed over to the same billionaires who charge $4 a gallon for gasoline. And these billionaires are the same people who think being denied that corporate welfare is actually un-American.
|By: David Dayen Wednesday December 8, 2010 3:10 pm|
Let’s move out of the tax-cut frying pan and into the South Korea free trade agreement fire. The Wall Street Journal says that KORUS, which is the nickname the White House has been using for the deal, is picking up support. But the first piece of their article concerns how Max Baucus, the chair of the Senate Finance Committee, is very frustrated by it.
|By: Gregg Levine Friday March 26, 2010 8:00 pm|
We all have to appreciate honesty and transparency in this age of misdirection, obfuscation, and triangulation. So, let me rise and extend my compliments to Senator Max Sieben Baucus (D-MT), who, in the midst of a dewy-eyed tribute on the Senate floor, said just about all you need to know about the new health care reform law, and the 14-month fight to shape it.
|By: Tula Connell Thursday February 11, 2010 1:31 pm|
There’s a lot more that’s frozen in D.C. this week than the usual fallout from a blizzard. The brains of many Senate Republicans are on ice as well. The House passed a jobs bill in December, but the Senate is dawdling, and worse—threatening to pass bits and pieces, taking apart what should be a comprehensive approach to jobs and turning it into minced cabbage.
|By: Jon Walker Thursday January 7, 2010 5:40 pm|
Our country’s Congress–especially the Senate–is incredibly broken. The disproportionate power of the minority in the Senate, the amount of money it takes to run for office, the overwhelming power of lobbyists, and just good, old-fashioned corruption have been slowly ruining our country. Good policy reform in this country has been made impossible because of how terrible our political system has become. What this country needs is government reform before we can ever truly get good policy solutions to problems like health care, immigration, global warming, or financial regulation.