Policy experts testified and offered a number of recommendations on how Congress could improve the Stop Trading on Congressional Knowledge Act. Often referred to as the STOCK Act, the law prohibits lawmakers with stocks from using non-public information obtained in their professional capacity for personal gain. Dave Levinthal, Business Insider deputy Washington bureau chief, talked about his ongoing investigation of members of….
The House Administration Committee held an oversight hearing with officials of the Office of Congressional Workplace…. Legal experts testified on the Elections Clause and Congress' role in regulating federal elections before the House…. People in this video Pete Aguilar U. Representative [D] California. Butterfield U. Representative [D] North Carolina.
Rodney L. Davis U. Representative [R] Illinois. Teresa Leger Fernandez U. Representative [D] New Mexico. Zoe Lofgren U. Barry Loudermilk U. Despite the fossil fuel industries being among the most profitable on earth, the U. The five largest U. These subsidies distort markets and are detrimental to creating a clean energy economy, reducing our reliance on oil, and cutting carbon pollution. Closes an exclusion enabling U. This allows citizens to shelter income and violates the principle that U.
This measure closes the exclusion, but retains the tax deductions and credits for taxes paid to a foreign government and housing benefits for U. Closes estate tax loopholes to ensure that the value of the property is recorded consistently between estates and beneficiaries. Closes a loophole that allows wealthy professionals, like lobbyists or lawyers, to avoid paying Medicare tax on their earnings. Under current law, businesses organized as S-corporations do not pay corporate taxes, and income earned is passed through to shareholders who report that income on their personal tax returns.
But if these shareholders are also employees, they can choose to treat some of their income as business profit, which lets them escape payroll taxes. It makes strategic reductions to specific nuclear weapons and related programs, such as superfluous nuclear submarines, and postpones the development of nuclear weapon delivery systems.
This change reflects the notion that taxpayer money should not be used to pay private defense contractors more than the maximum annual salary of federal civil servants, and is roughly the equivalent of the salary of a 4-star general.
This would not limit what private companies can pay their employees, only what taxpayers pay to compensate Pentagon contractor employees. American taxpayer money should not be used to enrich private defense contractors when civilian Pentagon employees can often do the same work at a fraction of the cost. Speier and Tonko. Significant defense savings can be achieved by simply relocating a fraction of our troops in Europe to the United States. The Cold War ended more than 20 years ago, and we no longer need to station troops in Europe to hold the line against the Soviet Union.
Our European allies are some of the richest countries in the world, but we continue to subsidize their defense, with the average American paying five times as much on defense than the average European. The future need for ground forces will involve smaller-scale contingencies, special operations and security assistance.
This proposal would reduce U. Significantly and rapidly increasing our fleet of Virginia Class submarines will do little to improve U. The U. Navy currently possesses more firepower than the next 20 navies in the world combined, the majority of which are allies. There is no urgent strategic need to make large investments to increase the size of the submarine fleet and more gradual construction will more accurately reflect our security needs.
The F program has failed in its purpose to save U. The United States currently has 3, fourth-generation tactical aircraft—three times more than our nearest competitor—and is the only nation fielding a fifth-generation fighter. The United States currently fields 11 aircraft carriers when no other country has even one of comparable size and power.
The increasing adoption of anti-access and area-denial weaponry by potential adversaries, along with unmanned technology, means that a very uncertain operational environment is developing for the traditional aircraft carrier and we would benefit from further analysis of this environment before rushing forward with a third new air craft carrier.
A GAO report found that the aircraft was not suited to fly in extreme heat, excessive sand or under enemy fire — making it effectively useless for combat given the countries where America has fought wars recently. Sadly, the V has taken the lives of 36 individuals, including 31 service members. Foreign Service Officers, who are our first line of defense at American embassies around the world.
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Agenda and Speakers ; Friday, a.m. - a.m.. William Smead · Value Investor Speaker William Smead ; Friday, a.m. - a.m.. Beini Zhou. Register Value Investor Conference at the University of Nebraska, Premium value investing speakers and attendees. Conference Bob Miles. The bill equalizes budget cuts and revenue by closing loopholes for America's wealthiest individuals and corporations. It also creates over 1 million jobs by.