http://archives2011.gcnlive.com/Archives2011/aug11/AmerikaNow/0820111.mp3 Podcast: Play in new window | Download Tenth Amendment Center national communications director Mike Maharrey talked nullification with Barb Adams on the Radio Amerika Now show on Aug. 20. Mike discussed the historical and philosophical roots of nullification, and then went on to talk about the practical applications of the principle today. “Most people…Details
According to Lloyd Chapman, the hyperbolic president of the American Small Business League, legislation introduced by Sen. Richard Burr (R-NC) would close the Small Business Administration. Chapman actually stated on a Fox Business News show that Burr’s bill is “the worst idea in the history of America.” And here I thought it was Rick Santorum’s decision to run for president.
Unfortunately, Burr’s legislation does not close the SBA. It merely combines the SBA, the Department of Commerce, and the Department of Labor into one bigger bureaucracy that would be known as the “Department of Commerce and the Workforce.” In other words, it just rearranges the deck chairs. Title VI of the bill spells out what programs would be terminated (not much) and I don’t see any mention of the SBA.
Although I don’t consider Burr’s bill to be the worst idea in the history of America, I’m not excited about it either. Not only would it not cut federal spending in any meaningful way (if at all), it’s an idea that’s over a hundred years old. A Department of Commerce and Labor was created in 1903. In 1913, the Department of Commercewas born when the Bureau of Labor was split off to form a new Department of Labor.
The title of an anti-Burr bill piece recently penned by Chapman calls the SBA “the Most Important Agency in Washington Today.” That’s probably news to even the SBA. Chapman starts off by claiming that “Republican members of Congress have once again drafted legislation aimed at ending all federal programs that assist small businesses.” Huh?
Then there’s this whopper:Details
Obama is predicted to include a proposal in his anticipated “Jobs Plan” that would extend the existing payroll tax cuts. These tax cuts would leave the employee’s contribution to FICA at 4.2%. However, if these cuts are allowed to expire, the employee’s rate will go back up to 6.2%. From this recent Huffington Post article:…Details