Senate Finance Committee

Disabled Veterans Charity Accused Of Misusing Millions Under Investigation

AP | MATT GOURAS | Posted 05.24.2012

Read More: Washington DC, Video, Charitywatch, Richard Burr, Senate Finance Committee, Disabled Veterans National Foundation, Sen. Max Baucus, Quadriga Art, Impact News

HELENA, Mont. -- U.S. Sen. Max Baucus of Montana said Wednesday that the legislative finance committee that he chairs is launching an investigation in...

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Here Are Some Mandates That Already Exist

AP | RICARDO ALONSO-ZALDIVAR | Posted 04.02.2012

Read More: Supreme Court, Video, Congress, Social Security, Senate Finance Committee, Insurance, President Barack Obama, Government Crisis, Health Insurance, Medicare, Payroll Tax, Business News

WASHINGTON -- The individual insurance requirement that the Supreme Court is reviewing isn't the first federal mandate involving health care. There's...

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Exxon Profits Ironically Jump 41% While Our Government Snoozes Away

Raymond J. Learsy | Posted 01.03.2012

Read More: Rex Tillerson, Senate Finance Committee, Attorney General Holder, Solyndra, Exxon Mobil, Dept of the Interior, Obama Administration, Oil, Opec, Commodity Futures Trading Commission, Justice Department, NOPEC Bill, Politics, Jon Huntsman, Energy Department, Politico, Energy, Oil/Gas Pricing Fraud Panel, Business News
Raymond J. Learsy

Ironically, Exxon's significant increase in profits of late comes after its Chairman and CEO virtually pleaded in May with the pooh-bahs of the Senate Finance Committee to rein in the excessive speculation, if not manipulation, of oil on the commodity exchanges.

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The Issue Getting The Biggest Buzz With Nonprofits Right Now

Posted 12.19.2011

Read More: Charitable Tax Deductions, United Way, Brian Gallagher, Orrin Hatch, Video, Senate Finance Committee, Nonprofits Senate Hearing, Charity, Impact News

Nonprofit leaders at a Senate Finance Committee hearing Tuesday spoke out against the proposal to limit tax deductions for charitable contributions. ...

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The Oil Market Plays Casino While the Obama Administration Acts as Croupier

Raymond J. Learsy | Posted 11.19.2011

Read More: Energy, Cme, Timothy Geithner Treasury Secretary, Senate Finance Committee, Cnbc, Jim Cramer, Obama Administration, Wall Street Journal, Nymerc, Cftc, Gordon Brown, Politics, Oil, Rex Tillerson, Exxonmobil, Financial Crisis, Nicolas Sarkozy, Joe Nocera, Sheila Bair, Citigroup, Business News
Raymond J. Learsy

The Cramer interview is breathtaking in exposing the administration's total lack of understanding of the distorted formation of the price of oil and gasoline in today's markets and seemingly impervious to its cost to the economy and its destructive impact on jobs.

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No, Obama, We Don't Need Free Trade Agreements with Panama, Colombia, and Korea

Ian Fletcher | Posted 09.14.2011

Read More: Free Trade Agreements, Panama Free Trade Agreement, Korea Free Trade Agreement, Colombia Free Trade, Free Trade, Korus-Fta, Senate Finance Committee, Nafta, Barack Obama, Clean Air Act, Politics News
Ian Fletcher

You think America has learned its lesson from NAFTA, which the Labor Department has estimated cost us 525,000 jobs? Think again.

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IRS Drops Investigation Of 5 Donors Who Contributed To Politically Active Nonprofit Groups

AP | By STEPHEN OHLEMACHER | Posted 09.06.2011

Read More: Gift Taxes, Dave Camp, Irs, Senate Finance Committee, Political Contributions, Internal Revenue Service, Nonprofit-Groups, Orrin Hatch, Federal Gift Taxes, House Ways and Means Committee, Republicans, Politics News

WASHINGTON -- The Internal Revenue Service is dropping its investigation of five donors for making contributions to the kind of nonprofit groups that ...

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Michael McAuliff

Schumer: GOP Blocks Its Own Trade Deal To Hurt Economy

HuffingtonPost.com | Michael McAuliff | Posted 08.31.2011

Read More: Chuck Schumer, Republicans Trade, Chuck Schumer Economy, Senate Finance Committee, Economy, Finance Committee, Trade Adjustment Assistance Program, Elections 2012, 112th Congress, Free Trade, Trade Republicans, Republican Sabotage, Chuck Schumer Republicans, Trade Adjustment Assistance, Orrin Hatch Trade, Politics News

WASHINGTON -- Republicans' decision to block free-trade deals that they have previously supported is evidence that the GOP wants to hurt the economy t...

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Dinosaurs and Fossil Fools

Lance Simmens | Posted 07.16.2011

Read More: Fracking, Oil Prices, Orrin Hatch, Big Five Oil, Jay Rockefeller, Senate Finance Committee, Oil Companies, Dinosaurs, Green News
Lance Simmens

"Dinosaur" means "terrible, powerful, wondrous lizard." It perfectly defines the fossil fools who argue for the continuation of federal tax subsidies as oil tops $100 per barrel, gasoline at the pump passes $4 a gallon and oil company profits top $35 billion so far in 2011.

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'SEC's Revolving Door Seems To Be More Active Than Ever"

Posted 07.13.2011

Read More: Revolving Door, Project on Government Oversight, Securities and Exchange Commission, Charles Grassley, Senate Finance Committee, Wall Street, Financial Indsutry, Private Sector, SEC Employees, Business News

WASHINGTON (Tim Reid) - At least 219 former officials at the Securities and Exchange Commission have left since 2006 to help clients with business...

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Big Oil: Ending Our Tax Breaks Would Be 'Un-American'

Posted 07.12.2011

Read More: Senate Finance Committee, Gas Taxes, Big Oil, Conocophillips, Job Discrimination, Oil Taxes, Harry Reid, US Tax Breaks, Democrats, Oil Companies, Barack Obama, Business News

WASHINGTON (Timothy Gardner and Deborah Charles) - The world's biggest oil companies on Wednesday launched broadsides against Democratic plans to ...

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Citizens United, an Assault on Our Democracy, Needs a Constitutional Amendment

Pearl Korn | Posted 05.25.2011

Read More: Supreme Court, Fair Elections Now Act, Karl Rove, Senate Finance Committee, Public Citizen, Rnc, Health Insurance Industry, Fec, Justice Department, Investment Banks, Irs, Koch Brothers, Americans for Prosperity, Big Oil, Max Baucus, American Crossroads, Ed Gillespie, Ralph Nader, DISCLOSE Act, Politics News
Pearl Korn

To neutralize Citizens United, we must have a Constitutional Amendment to retake our democracy. It won't be an easy fight, but it is a fight worth having, as our democracy depends on it.

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Lessons Learned From the Appointment of Elizabeth Warren

Pearl Korn | Posted 05.25.2011

Read More: Tarp, Elizabeth Warren, Senate Finance Committee, Public Citizen, Barney Frank, Joan of Arc, Progressives, Aig, Main Street, Chris Dodd, Harvard, Barack Obama, Bold Progressives, Boston Globe, National Debt, Wall Street, Tim Geithner, Cfpb, Fdr, House Financial Services Committee, Great Depression, Republicans, Politics News
Pearl Korn

Some are dissatisfied with the president for not going through a confirmation process in the Senate with Elizabeth Warren. His concerns were real about getting the 60 votes to override the filibuster that was certain to come from the Republicans.

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Letting Sleeping Giants Lie...

Manisha Singh | Posted 05.25.2011

Read More: u.s. Foreign Policy, Millenium Development Goal, Foreign Aid, Doha Development Round, World Trade Organization, Senate Finance Committee, Ustr, Free Trade, Aid for Trade, Barack Obama, World News
Manisha Singh

In September, the UN will evaluate the Millennium Development Goals. There are continuing high hopes that the G-20, meeting in November, will manage to get the world's economy back on track.

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The Flogging of Goldman Sachs -- A Shell Game, A Semantic Problem, or Populist Rage Gone Wild?

Larry Gellman | Posted 05.25.2011

Read More: Taxes, Congress, Senate Finance Committee, Financial Reform, Obama, Justice Department, Democrats, Goldman, Barack Obama, Fraud, Susan Collins, Goldman Sachs, Senate, Goldman Sachs Fraud, Financial Crisis, Sec, Jon Tester, Carl Levin, Financial Regulation, Politics News
Larry Gellman

The message at the Goldman Sachs hearing was clear: these guys are horrible people, and they need to be publicly whipped. The fact that none of them broke the law shouldn't slow us down.

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Goldman Sachs: a Hedge Fund Managed by Traders?

Georges Ugeux | Posted 05.25.2011

Read More: Lloyd Blankfein, Congress, Senate Finance Committee, Bank Balance Sheets, Too Big to Fail, Shorts, Federal Reserve, Bank Holding Companies, Senators, Investment Banks, Goldman Sachs, Hedge Funds, Risk-Management, Trader, Securities, Rating Agencies, Credit Agencies, Bonuses, Business News
Georges Ugeux

What became completely obvious for all the world to see is that Goldman Sachs is a hedge fund, and that it is only interested in clients as screens for their own proprietary trading activities.

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Lucia Graves

George Miller Sends Pies To Senate To Protest Removal Of 401(k) Fee Disclosure Provision

HuffingtonPost.com | Lucia Graves | Posted 05.25.2011

Read More: Rob Andrews, 401(K), Baucus, Senate Finance Committee, American Jobs and Closing Tax Loopholes Act, Pie, Disclosure Fee Provision, Aarp, Miller, Tax Extenders Bill, Video, Politics News

Rep. George Miller (D-Calif.) delivered 23 pies to members of the Senate Finance Committee on Wednesday -- each pie had a slice missing to protest com...

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Will the Senate Clear the Financial Market Minefield?

SAFER | Posted 05.25.2011

Read More: Banking Crisis, Financial Crisis, Sec, Tbtf, Senate Finance Committee, Bank Bailout, Financial Regulation, Financial Reform, Too Big to Fail, Home News
SAFER

Jennifer Taub As early as next week, we will learn whether the United States Senate has the courage to clear the financial market minefield. If so, o...

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Carried Interest Tax: 'On the Table' in Senate

Reuters | Kim Dixon | Posted 05.25.2011

Read More: Hedge Fund, House of Representatives, Carried-Interest-Bill, Senate Finance Committee, Tax, Carried Interest Tax, Private Equity, Senate, Charles Schumer, Business News

U.S. lawmakers desperate for revenue are looking anew at changing the tax treatment of profits earned by hedge fund and private equity managers, congr...

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Financial Reform Won't Alter Capitalism's Icarus Trajectory

Stuart Whatley | Posted 05.25.2011

Read More: Financial Reform Analysis, Wealth Inequality, Senate Finance Committee, Derivatives, Speculation, Financial Reform, Capitalism, What Is in Financial Reform?, Financial Reform Bill, Dodd Bill, Wall Street, Finance, Corporations, Financial Freform, Banks, Financial Crisis, Financial Reform Limited Liability, Corporate Greed, Financial Regulation, Stuart Whatley, Business News
Stuart Whatley

This era's troubling reality is that economics now dictates our cultural values. We no longer have a say in how resources, production, and mutual prosperity should be systematized to achieve the best society for all.

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President Obama, Free the Panama and Colombia Trade Agreements!

Gary Shapiro | Posted 05.25.2011

Read More: Consumer Electronics Association, Venezuela, Hugo Chavez, Senate Finance Committee, Nancy Pelosi, Ronald Reagan, Exports, Free Trade, George H.W. Bush, Barack Obama, Gary Shapiro, State of the Union, Panama Canal, Colombia, Panama, George W. Bush, South Korea, Cea, Unions, Cuba, Fidel Castro, Business News
Gary Shapiro

Nations that trade do not go to war with each other. Yet, we appear to have entered the most protectionist American period of the modern era.

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US Trade Rep Serves Drug Companies, Publishers and Pushes Anti-Consumer Agenda

James Love | Posted 05.25.2011

Read More: Senate Finance Committee, Ustr, United Stated Trade Representative, Business News
James Love

From the point of view of many consumers, public health, digital rights and development groups, the United States Trade Representative is a major disappointment pushing an anti consumer agenda on dozens of issues.

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Hollywood Agrees, Consumers Need Protection

Tamara Conniff | Posted 05.25.2011

Read More: Elizabeth Warren, Ron Howard, TARP Oversight, TARP Watchdog, Ron Howard Obama Video, Senate Finance Committee, TARP Money, Credit Crisis, Obama TARP, Credit Cards, Hollywood, Entertainment News
Tamara Conniff

Elizabeth Warren warns that unless a consumer protection agency with real "teeth" is formed, Americans and small businesses will continue to be brought to their knees.

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Jason Linkins

This Day In Failed Government Technology

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011

Read More: Government Website, Senate Finance Committee, Government Technology, Eat the Press, Media News

Matt Yglesias points his readers to the website of the Senate Finance Committee, as an example of just how spectacularly behind the curve the federal ...

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The Senate Jobs Credit -- Not Good Economics

Samuel H. Williamson | Posted 05.25.2011

Read More: Senator Harry Reid, Senate, Tax Credits, Unemployment, Senate Finance Committee, Jobs Credit, Business News
Samuel H. Williamson

I think both these ideas may make some political sense, but they are not good economic strategies. There is a better and simpler credit to increase employment.

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