2067 results for category: News


The future of Obamacare ‘insurer bailouts’ is not looking good

President-elect Donald Trump is bad news for insurance companies who hope that Congress will bail them out with changes to two Obamacare programs. The programs sunset at the end of this year, but conservatives are staying vigilant against the possibility that Congress will try to use the lame-duck session to give insurers more money. Insurance companies have spent millions lobbying lawmakers to keep the risk corridor and reinsurance programs. The Daily Signal reported: Conservative groups like Freedom Partners and Republican lawmakers have cautioned that the Justice Department could attempt to settle with insurance companies and tap into ...

‘Other’ spending is expanding the national debt by trillions

Think you understand the size and scope of the national debt? It’s growing much more quickly than you think thanks to the many ways the government borrows money, according to an analysis from the Washington Examiner. While most people assume the national debt grows each year because of the budget deficit, that’s not the only way that national debt expands. In the last 10 years, the national debt has actually expanded past the collective sum of adding every year's budget deficit together … by more than $3 trillion. That difference comes from two main things: Decisions related to federal lending (e.g., student loans, mortgage progra...

Policy expert: President Obama planning ‘backdoor attempt’ to bail out insurers

President Obama is working on using a special fund to bail out insurers who claim they lost money on the Obamacare exchanges – a plan that bypasses the consent of Congress. National Review has the commentary: If it successfully executes this plan, the Centers for Medicare and Medicaid Services (CMS) will have circumvented Congress to secure a taxpayer bailout for insurers — directly contradicting Congress’s intentions as expressed by multiple spending bills, and possibly violating federal law. Currently, insurers are suing HHS for more than $2.5 billion promised them under ACA’s “risk corridor” program, which was designed to ...

Trump policy adviser: ‘That’s the plan: Try to pass a tax cut’

Conservative-leaning Heritage Foundation Fellow and Economist Stephen Moore Wednesday during a Politico forum says he would tell President-elect Trump to first focus on slashing business taxes and then follow up later with reforming individual tax rates. Reuters has the details: Trump's proposal would reduce the official corporate tax rate to 15 percent from 35 percent, allow corporations to repatriate overseas profits at a 10 percent rate and reduce the top individual tax rate to 33 percent from 39.6 percent. Moore estimated that the cuts would lead to a revenue loss of about $3 trillion over 10 years, for which Trump would compensate with ...

Martin: Sessions Will Protect the Constitution and Uphold the Rule of Law

Washington, DC – Tea Party Patriots CEO and co-founder Jenny Beth Martin released the following statement today, reacting to reports that President-elect Donald Trump has selected U.S. Senator Jeff Sessions to be his Attorney General. “Tea Party Patriots and our millions of supporters around the country are thrilled that President-elect Donald Trump has selected Senator Jeff Sessions to be the next U.S. Attorney General. Senator Sessions is a man of the highest integrity who has been a strong ally of Tea Party Patriots and the Tea Party movement. He has spoken at several Tea Party Patriots events over the years and Americans should know he is ...

Iran-deal opponent U.S. Rep. Mike Pompeo accepts Trump’s offer to head CIA

U.S. Rep. Mike Pompeo (R-Kan.) Friday accepted President-elect Donald J. Trump’s request the West Point graduate head up the Central Intelligence Agency under the new administration, Reuters White House Correspondent Steve Holland tweeted this morning. Trump has offered position of CIA director to US Rep Mike Pompeo and Pompeo has accepted -transition official — Steve Holland (@steveholland1) November 18, 2016 Rep. Pompeo’s time in office, including his service on the Energy and Commerce and House Intelligence committees, has been marked by strong opposition to President Obama’s Iran nuclear deal as well as, according to his bio, ...

Sanctuary-city mayors nationwide renew calls to rebel against federal-immigration laws

Mayors across the country – from San Francisco to New York City – say they will continue to shield criminal illegal immigrants from federal immigration laws despite calls from President-elect Donald J. Trump for local law-enforcement authorities to cooperate with federal immigration authorities. Bloomberg has the story: Municipalities that protect undocumented immigrants from deportation stand to lose billions in federal aid if President-elect Donald Trump fulfills promises to starve them financially. More than 200 U.S. ‘sanctuary cities’ won’t turn over people to federal officers seeking to deport them nor share information about ...

Report: Trump considering Ted Cruz for attorney general

President-elect Donald J. Trump is thinking about appointing his former primary challenger, Sen. Ted Cruz (R-Texas), to the position of U.S. attorney general, reports say. The Washington Times has the details: President-elect Donald Trump is considering former rival Sen. Ted Cruz for U.S. attorney general, according to reports. Mr. Trump met Tuesday with Mr. Cruz, a Harvard Law School graduate who previously served as associate deputy attorney general at the Justice Department. The possibility of putting Mr. Cruz in charge of the Justice Department came up as another possible pick for attorney general, former New York Mayor Rudy Giuliani, ...

IRS denies tea partyers’ longtime requests for tax-exempt status

The IRS has denied tax-exempt status to two tea-party groups, including an Albuquerque, New Mexico-based tea-party group that for seven years was waiting on an answer from the tax-collection agency. The Washington Times has the story: The tax agency, under orders from a federal judge, is belatedly tackling the remaining tea party cases that it delayed for years, and so far the tea party isn’t doing well. Only one of the three groups in the case was approved, and the other two, including Albuquerque, got notices of proposed denials last week. The applicants will have a chance to appeal, but the denials aren’t sitting well with the groups, ...

Senator Lankford: ‘Burdening debt’ threatens national defense

Sen. James Lankford (R-Okla.) this week announced at that, the end of the month, he will release his second annual “Federal Fumbles” report, a publication intended to draw attention to and encourage lawmakers to curb wasteful government programs that increase our debt which, says Sen. Lankford, threatens military readiness. The Daily Signal has the story: “[Addressing our national debt] should be a top priority because if we are going to look at our national defense and being able to have a strong military and a good [Veterans Affairs] program … we cannot have a burdening debt and we cannot have a rising amount of interest,” he said. ...