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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
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Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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State Finances to be the Topic of Discussion on Capitol Hill Today
The House Oversight Committee is holding a hearing this morning on the prospect of allowing state bankruptcy. Facing budget deficits of more than $100 billion on aggregate through the next fiscal year, a $3 trillion unfunded pension liability, and soaring Medicaid costs, many policy experts and political observers have begun to debate whether state bankruptcy code might be the best option to help states rectify unsustainable pension systems and prevent a federal bailout of the most profligate states. Testifying at today’s hearing:
Nicole Gelinas - Manhattan Institute
Professor David Skeel - University of Pennsylvania Law School
Eileen Norcross - Mercatus Center
Iris Lav - Center on Budget and Policy Priorities
As e21 correctly points out, the issue of state bankruptcy is quite complex, with many moving policy, political, and legal parts. As such, today’s hearing will likely serve as the opening salvo in a long and healthy debate in congress on state budgetary problems.
For live updates from the hearing, follow Reuters' Jim Pethokoukis on twitter: @JimPethoKoukis.
Elsewhere on the Hill, the Public Pension Transparency Act, a bill that would be a prerequisite to state bankruptcy legislation, will be featured at an afternoon press conference in the Capitol Visitors Center. The event starts at 12:30. Speakers include ATR president Grover Norquist, along with bill sponsors Rep. Devin Nunes, Rep. Paul Ryan, Rep. Darrell Issa, Sen. Richard Burr.
Start Time: 12:30 PM
Location: Capitol Visitors Center / HVC-200
Posted by Patrick Gleason 
on Wednesday, February 9, 2011 9:58 AM EST
on Wednesday, February 9, 2011 9:58 AM ESTTo follow Patrick Gleason's RSS feed click here. To follow them on Twitter, their handle is @patrickmgleason
