Patriot Majority USA, a social welfare nonprofit, told the Internal Revenue Service that its mission is “to encourage a discussion of economic issues.” In exchange for keeping its donors private and paying fewer taxes, it must limit its involvement in politics.
It didn’t get a lot of attention. It happened the same day as hearings on the Benghazi attacks and the announcement of a verdict in the Jodi Arias trial. But House Majority Leader Eric Cantor took a modest step forward last week in his plan to broaden the Republican agenda beyond budget cuts.
Securities and Exchange Commission member Daniel Gallagher says the Federal Reserve is pushing even deeper onto his agency’s turf than Congress intended when it rewrote the rules of financial regulation three years ago.
The booming stock market is of little solace to middle-class Americans, who continue to express concern about their financial security and the overall condition of the U.S. economy. The poor are even more bearish, surveys show.
It's not every day you meet Republicans (or really, anyone) who advocate for a U.S. carbon tax. Then again, not everyone is a determined advocate of so-called Pigovian taxes, the phrase economists use for levies on activities we probably shouldn’t be doing anyway.
Malaysian Prime Minister Najib Razak’s ruling coalition widened its lead in vote counting in an election that will determine whether it can fend off a resurgent opposition and extend its 55-year hold on power.