On Tuesday, the Office of Management and Budget released the president’s Budget for Fiscal Year 2015. Notably, the proposal’s projected costs and savings include estimates of the fiscal impact of immigration reform, which presupposes passage of immigration reform this year.
Last month, Senator Mary Landrieu (D- LA) became the chair of the Senate Committee on Energy and Natural Resources. The committee’s jurisdiction spans the gamut of key issues, including national energy policy, international energy affairs, emergency preparedness, nuclear waste policy, privatization of federal assets and territorial policy among others.
Wednesday, March 5 and Thursday, March 6
Who: Lisel Loy, Director of the Nutrition and Physical Activity Initiative
What: Lisel Loy will be speaking at the CafeWell Health Optimization Leadership Summit in Denver, Colorado.
As governors we were concerned that the next step in what appeared to be the federalization of education policy was federal standards. While we shared concerns about American academic competitiveness, as governors, we knew our constituents would not want the federal government deciding what their children learned. Thus, Common Core was born.
House Ways and Means Chairman Dave Camp (R-MI) released his comprehensive tax reform plan yesterday. It has been a long time since a sitting member of Congress was bold enough to propose a plan that includes enough detail to be scored by the Joint Committee on Taxation.
The Bank Rescue, Five Years Later
By Phillip Swagel, Co-chair, Financial Regulatory Reform Initiative
“… the program sketched out by Mr. Geithner both came to pass and made a difference. Five years later, the United States financial sector is in much better condition. Banks have absorbed losses from loans made during the bubble and rebuilt their capital, and investor confidence has returned. Mr. Geithner’s proposals did not all work right away or in the scale initially envisioned. In the end, however, Secretary Geithner deserves credit for making good on what he promised.”
House Ways and Means Chairman David Camp (R-MI) released a proposal that aims to overhaul and simplify the tax code. One of the proposal’s provisions would limit unauthorized immigrants’ eligibility for the Additional Child Tax Credit.
The tax reform plan released by the Chairman of the House Ways and Means Committee, Representative Dave Camp (R-MI), included a new excise tax on some systemically important financial institutions (SIFIs). Under the Camp plan, bank and non-bank companies designated as SIFIs under the Dodd-Frank Act would be subject to a quarterly excise tax equivalent to 0.035 percent of their total consolidated assets in excess of $500 billion. The excise tax, which would take effect in January 2015, would produce estimated revenues of $86.4 billion over a ten year period.
The National Flood Insurance Program, which insures approximately 5.5 million residential and business structures and their contents against flood damage, is in serious financial trouble. It is approximately $24 billion in debt to the U.S. Treasury and the program’s ongoing large, unfunded subsidies to policyholders mean that losses are likely to continue in the future.
Cyber attacks represent a major threat to the electric power sector. The FBI has noted that cyber attacks are eclipsing terrorism as the primary threat facing the United States. While the power sector has yet to face a cyber attack that has disrupted operations, attempted violations of energy system networks are frequent.