CEI Today: Financial transaction tax?, S&P rating, and global warming science

FINANCIAL TRANSACTION TAX? - JOHN BERLAU

IBD: Online 'Fairness' Tax Could Hit Your 401(k)

Supporters of the Marketplace Fairness Act (MFA), which the U.S. Senate passed on May 6 on a 69-27 vote, claim that online retailers enjoy an unfair advantage over their brick-and-mortar competitors. The bill, they maintain, addresses this imbalance by allowing states and localities to require "remote sellers" to collect taxes for "sales" to their residents.

However, the bill is silent on the particular products and services of "sellers" and "sales" it covers. Thus, it could open the door for state and local governments to tax financial transactions they deem as "sales" on businesses throughout the country. > Read more


> Interview John Berlau

 

S&P RATING - BILL FREZZA

CBN: S&P Boosts US Credit Outlook to 'Stable'

Standard & Poor's ratings service has boosted its outlook for U.S. government debt from "negative" to "stable," meaning it's not as likely to downgrade the nation's debt in the near future.

Bill Frezza, a fellow at the Competitive Enterprise Institute and a Boston-based venture capitalist, talked more about implications of the S&P's revised outlook on CBN's Newswatch, June 10. > View the interview

 

 

 

GLOBAL WARMING SCIENCE - MARLO LEWIS

Globalwarming.org: Climate Models: “Epic Failure” or “Spot on Consistent” with Observed Warming?

Surface temperatures are not a direct or reliable measure of bulk atmospheric heat content, which is one reason [University of Alabama scientist John] Christy has devoted much of his career to developing a satellite record of global temperatures. Satellite datasets “are not affected by these surface problems and more directly represent the heat content of the atmosphere.”


If the models accurately represented the atmosphere’s heat content, Christy told me by email, the warming rate of the tropical mid-troposphere (TMT) would be 1.4 times that of the surface. In reality, the TMT warming rate is only 0.6 times that of the surface. The models simply project too much warming in the bulk atmosphere. > Read more

 

> Interview Marlo Lewis

CEI ANNUAL DINNER & GALA

FEATURING

THE HONORABLE RAND PAUL


JUNE 20, 2013

 


cei.org/ceidinner

 

CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government.  For more information about CEI, please visit our website, cei.org, and blogs, Globalwarming.org and OpenMarket.org.  Follow CEI on Twitter! Twitter.com/ceidotorg.

 

TEN THOUSAND COMMANDMENTS

An Annual Snapshot of the Federal Regulatory State

 


This year marks the publication of the 20th anniversary edition of the CEI’s annual survey of the federal regulatory state, Ten Thousand Commandments.  cei.org/10kc

> Follow 10kc on Twitter

> See also: Wall Street Journal editorial, Red Tape Record Breakers