The subject of tax inversion, in which American firms avail of lower tax rates in foreign countries by merging companies in those countries, has become very topical in the last couple weeks thanks to a decision by Abbvie, a drug company, to merger with Shire, an Ireland-based firm and move its headquarters overseas. One of at least 47 tax inversions in the last decade, the Abbvie-Shire deal is the largest such action yet, worth $54 billion. Perhaps unsurprisingly, President Obama and Democrats in Congress have become apoplectic with rage at the audacity of a business making a prudent decision to escape bloodsucking taxes.
The American presidency has grown in power almost continuously since the outbreak of World War II. The executive has risen from being simply the chief magistrate of the government to be being a quasi-legislative force, a leader who pushes an aggressive legislative agenda as well as enforcing the laws passed by the legislature. The president is frequently referred to as “the most powerful person in the world,” or “the leader of the free world.” Such appellations represent far more than good PR. They are statements of fact that the president of the United States has drastically more power and authority than any other individual on Earth. For that reason certainly, presidents should be restricted to a single term of office.
The U.S. Environmental Protection Agency announced on Monday, June 1, a power-plant proposal that seeks a 30% carbon dioxide emissions cut by 2030 from existing power plant, based on emission levels from 2005. With this proposal, the main piece of President Obama’s Climate Change Agenda has been set in motion. Although the rule is scheduled to be completed one year from now and will give flexibility to the states, it will regulate carbon emissions from hundreds of fossil-fuel power plants across the U.S. The 600 U.S. coal plants will be hardest hit by the standard.
Having recently returned from The Heartland Institute’s 9th International Conference on Climate Change held in Las Vegas from July 7-9, “Just Don’t Wonder About Global Warming, Understand It,” I was[...]
Most Americans would agree that liberty and freedom are values fundamental to our nation, but, if questioned, do they really know the intent of their meanings, or have they changed through time? David Hackett in his book,Liberty and Freedom: A Visual History of America’s Founding Ideas, shows how liberty and freedom form an intertwined strand that runs through the core of American life. But like DNA, liberty and freedom have been transformed and recombined with every generation. Hence, the earliest colonies shared ideals of liberty and freedom may have evolved into different meanings today.
Panel 8 of the 9th International Conference on Climate Change was on the subject of “Costs and Benefits of Renewable Energy.” The panel was focused on the subject of renewable energy, specifically the high cost and potentially devastating economic consequences produced by the federal government’s efforts to replace the current energy sources with renewables.
It’s beginning to sink in with the intelligentsia: The flood of illegal aliens (yes, I said “illegal”) and particularly the tsunami of children traveling alone — parents risking their youngsters’ lives by sending them from Central America through gang-ravaged Mexico — threatens to turn the immigration debate into a major political liability for Democrats in November.
Panel 11 of the 9th International Conference on Climate Change was on the subject of “Climate Change, Human Health, and Adaptation.” The panel was primarily concerned about how climate change, and government responses to it, might affect the quality and extent of human life in the future.
The Comprehensive Nuclear-Test-Ban Treaty (CTBT) outlaws the testing of nuclear weapons. So far, 183 countries signed the treaty, but it cannot become a binding international law until it has been ratified by all states capable of developing nuclear weapons, of which there are 44 specified in the treaty. Of these states, three (India, Pakistan, and North Korea) have not signed the treaty, and a further six (China, Egypt, Israel, Iran, and the United States) are yet to ratify it.
As Americans pause to celebrate the 238th anniversary of the signing of the Declaration of Independence in 1776, it well may be one of the saddest Fourth’s in decades. The six and a half years of the Obama regime has failed to unleash the nation’s capacity to recover from the 2008 financial crisis and has left the nation saddled in debt and dependency.
In my last post I discussed the apparent inversion of the responsibility of the executive branch of government, namely that it has taken on a far greater role in domestic policy while turning its back in large part on its traditional responsibility for foreign affairs. The result has been an over-mighty presidency at home, a weakened and ineffectual Congress, and a rudderless foreign policy. While I challenged the American public to rise against the tide of executive overreach, I did not thoroughly address what Congress itself can do to challenge the siphoning away of its traditional powers. There is in fact a great deal it can do.
A creative commons license is a kind of copyright license that gives people the right to use, share, and expand upon a creator’s work whether this is an art work, a piece of literature, or a scientific or academic material. It offers a significant protection against accusations of copyright infringement and is believed by some to offer artists a degree of flexibility they may desire. It is also in the interest of citizens to see that the artwork they pay for through government funding for the Arts is made available for their benefit in some fashion. Mandating creative commons licensing for all state-funded artwork would accomplish that goal.
The recent meeting in Mozambique of the signers of the Ottawa Convention, which bans the use of landmines, has brought the subject of landmines back into the spotlight. To date, 161 countries have signed the treaty, and its aims were included as official United Nations policy in 1999. Long a vocal opponent of landmine proliferation and usage, President Barack Obama opened a review of America’s landmine policy in 2009. He has yet to take a major action, but many Obama-watchers fear he will soon take action to sign the treaty. He would be wrong to do so.
Rarely do some of the nation’s most powerful politicians and businesspeople laud banks that report big profits when in fact they have lost billions of dollars. But we’re witnessing this spectacle on behalf of the Export-Import Bank of the United States, which for many decades, and for good reason, has been called by its critics “The Bank of Boeing.” Its charter expires September 30, and a battle over its possible extension is brewing between the political establishment and reformers.
With a surprisingly wide margin of victory, Congressman James Lankford won the Oklahoma Republican U.S. Senate primary, defeating former Speaker of the State House of Representatives T.W. Shannon by 23 points and avoiding a runoff election. Lankford now becomes the prohibitive favorite to replace outgoing Senator Tom Coburn, who is retiring with two years remaining in his current term.
So much blood and treasure was wasted during the long occupation in Iraq that there was a sigh of relief across America when the troops finally left. Yet the end of the American presence has resulted in chaos. Islamist extremists in recent days have been making gains against the Iraqi military, seizing several towns, including the city of Mosul. The sheer rapidity of the collapse of law and order in Iraq led to a lot of hand-wringing in the White House. President Obama finally decided to send a few hundred troops to bolster the beleaguered regime of Prime Minister Nouri al-Maliki. This choice will only serve to further diminish the status of the United States in the region.
The dearth of transplantable organs remains a serious problem in the United States and in much of the world. There are 123,000 Americans currently waiting for an organ. 18 of them die every day because demand continues to exceed supply. The problem has drawn the attention of many activists and policymakers, but sometimes the proposed solutions have proven more unpleasant than the problem. Chief among these unsavory solutions is the policy of opt-out organ donation.
In the past two decades the Internet has come to be a dominant part of people’s lives. For work, pleasure, communication, and countless other uses, the Internet is an indispensable tool to many individuals. Without it, much of the information-based civilization that has been built up would stop working the way we are accustomed to.
While our attention is focused on events in the Middle East, a domestic enemy of the nation is doing everything in its power to kill the provision of electricity to the nation and, at the same time, to control every drop of water in the United States, an attack on its agricultural sector. That enemy is the Environmental Protection Agency.
Reverence and veneration of our national flag has long been profound in the United States, far more so than in other countries. Veneration of the Stars and Stripes has evolved beyond mere respect for it as a symbol of national identity, but as an almost religious emblem of American values and the American way of life.