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This week brings yet another revelation of misconduct by a major bank, with a top New York State regulator reporting that the British bank, Standard Chartered, circumvented laws aimed at stopping Iran from using the U.S.
Harry Reid's unsubstantiated charge that Mitt Romney paid no taxes for a decade is a reminder of why so many Americans are turned off by politics. The Majority Leader of the U.S. Senate should not be trafficking in hearsay; if he has an evidence-based attack to make on Romney, he should start with the evidence -- if there is any. On its face, Reid's claim seems absurd: No politician as ambitious and calculating as Romney would pay zero taxes. Even if that were possible under law, Romney surely would have found a way to pay something.
While Congress fails to make any inroads into establishing a meaningful energy policy that moves us beyond fossil fuels, advocates around the country are vocalizing their opposition to dirty energy. In just the last few weeks, coal opponents have staged protests in at least six different states. They may not be getting much national attention, but it’s clear that advocates on the state level are making their preference for clean energy known.
Representative John Dingell (D-MI), the longest-sitting member of Congress, introduced a bill Thursday designed to force the Supreme Court to reconsider its Citizens United decision. Along with at least ten co-sponsors, Dingell's Restoring Confidence in Our Democracy Act, would ban corporations and unions from making independent political expenditures. It would also subject Super PACs to the same contribution limits that exist with other PACs.
It looks like the push from Amazon and Walmart for a tax on Internet sales may carry enough weight to win over (or at least neutralize) our lawmakers who are, for the most part, terminally squeamish about even the smallest tax. I was admittedly skeptical, but an Internet sales tax is an increasingly real possibility.