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
THE HONORABLE RAND PAUL
JUNE 20, 2013