The Speaker’s Task Force on Intergovernmental Affairs, a bipartisan group of Congressional lawmakers met on October 12, to examine the historical development of federalism. Witnesses were Heather Gerken, Dean at Yale Law School, Timothy Conlan, Professor of Government at George Mason University, and Matthew Spalding, Associate Vice President and Dean of Educational Programs for Hillsdale College.
The State and Local Tax Deduction, or SALT, recently came under scrutiny amidst the debate over tax reform. Implemented in 1913, SALT allows taxpayers to deduct money paid towards state and local taxes from their taxable federal income. The deduction costs the federal government about $96 billion each year, but state and local governments argue that it is crucial for local development.
Across the nation the Pokémon Go craze is sweeping people off their feet and, most importantly, out of their houses. Whether it’s in front of a small coffee shop or the Washington Monument in the nation’s capital, one need not look far before spotting an impromptu gathering of youth, clutching smartphones and searching for virtual Pokémon creatures that have seemingly infiltrated the real word through the game. Businesses have caught on, purchasing “lures” as a way to attract Pokémon creatures to their location—and to attract...
Senator David Vitter (R-LA) recently introduced the Small Business Lending Oversight Act of 2016, S. 2992. This legislation aims to strengthen oversight procedures within the Small Business Administration (SBA)’s 7(a) loan program, which provides small businesses with loans of up to $5 million from bank and non-bank lenders.