In November 2013, the Joint Plan of Action (JPA), negotiated between the P5+1 countries, including the United States, and Iran, gave negotiators six months to reach an agreement on the future of Iran’s nuclear program. In anticipation of this weekend’s July 20 JPA deadline, diplomatic leaders, including Secretary of State John Kerry, Iranian Foreign Minister Mohammed Javad Zarif, chief U.S. negotiator Wendy Sherman, and members of the diplomatic corps from other P5+1 countries and Iran have converged on Vienna, hoping to announce a final deal in the coming days.
Last month the U.S. Department of Energy (DOE) released two studies on the environmental impacts of U.S. liquefied natural gas (LNG) exports. According to DOE, the studies are intended to inform DOE’s decision-making process for LNG export permit applications to countries that do not have free trade agreements (FTAs) with the United States. The environmental impacts of LNG exports—which include greenhouse gas emissions (GHG)—are included in the criteria that DOE uses to make its public interest determinations on projects to export LNG to non-FTA countries. The studies are open for public comment for 45 days, closing on July 21, 2014.
Earlier today, the non-partisan Congressional Budget Office released its 2014 Long-Term Budget Outlook, an annual report that projects government spending, tax revenue, deficits, and debt over the next 25 years. Like last year’s report, today’s report paints a sobering picture of our nation’s long-term fiscal health and reinforces the need for bipartisan action to reduce our long-term debt.
Next up is Ali Solis, the senior vice president of public policy and external affairs for Enterprise Community Partners, Inc. Ali will team up with an impressive set of speakers to discuss the Low Income Housing Tax Credit on the afternoon of Tuesday, September 16. Check out her thoughts on the BPC recommendation to increase the LIHTC by 50 percent and how she is inspired to work to improve the odds for the 19 million families facing housing insecurity in our country.
As we have written about and has been widely known for some time, the Highway Trust Fund (HTF), which finances federal spending on surface transportation and infrastructure, is on track to be exhausted in the coming weeks. The HTF finances a variety of projects across the country to maintain and improve surface infrastructure, including roads, bridges, and public transit.
Several recent comprehensive tax reform proposals, including plans put forward by House Ways and Means Chairman Dave Camp (R-MI) and the Bipartisan Policy Center’s Domenici–Rivlin Debt Reduction Task Force, have called for lower corporate and individual rates alongside limiting tax expenditures to broaden the tax base. But what exactly are tax expenditures?
Our second speaker spotlight is shining on Sharon Wilson Geno, a partner at the law firm Ballard Spahr LLP. She will take part in a lively discussion of the Rental Assistance Demonstration Program on the afternoon of Tuesday, September 16.
On April 7, 2014, the Food and Drug Administration (FDA), the Office of the National Coordinator for Health IT (ONC), and the Federal Communications Commission (FCC) released the FDASIA Health IT Report: Proposed Strategies and Recommendations for a Risk-Based Framework (FDASIA Report). That report fulfilled the requirement of the Food and Drug Administration Safety and Innovation Act (FDASIA) of 2012, which was passed and signed into law in July 2012. Today, BPC's Health Innovation Initiative submitted public comments on the report to the FDA, ONC, and FCC.
“We should refocus the discussion back on the consumer. Specifically, consumer groups, lenders and regulators should look at how to better distinguish between illiquid consumers who are short on cash but have sufficient means to pay these loans back and insolvent consumers who are headed toward bankruptcy and are unlikely to repay their loans. Moving the debate in this direction could lower costs to quality borrowers while simultaneously lowering costs to the industry. Profitable and socially responsible lending would be far more likely to occur if consumers can be accurately be categorized at a reasonable cost.”
On August 10, Turkey will hold its first direct presidential election. On the last possible day for candidate registration, July 1, Turkish Prime Minister Recep Tayyip Erdoğan made the much-anticipated announcement that he will run for president—a post that he has long coveted.