Proponents of the bill deny it will hurt small business because the bill only applies to Internet business that make over a million dollars in out-of-state revenue. However, many small Internet businesses with over a million dollars in out-of-state revenues operate on extremely thin profit margins, so even the slightest increase in expenses could put them out of businesses.
Read morePresident Obama announced this weekend that he has decided to use military force against Syria and would seek authorization from Congress when it returned from its August break. Every Member ought to vote against this reckless and immoral use of the US military. But even if every single Member and Senator votes for another war, it will not make this terrible idea any better because some sort of nod is given to the Constitution along the way.
Read moreLast week Federal Reserve Chairman Ben Bernanke delivered what may well be his last Congressional testimony before leaving the Federal Reserve in 2014. Unfortunately, his farewell performance was full of contradictory comments about the state of the economy and the effects of Fed policies on the market. One thing Bernanke inadvertently made clear was that the needs of Wall Street trump Main street, the economy, and sound money.
Read moreLast week at its regular policy-setting meeting, the Federal Reserve announced it would double down on the policies that have failed to produce anything but a stagnant economy. It was a disappointing, but not surprising, move.
Read moreWe frequently hear the financial press refer to the U.S. dollar as the “world’s reserve currency,” implying that our dollar
Read moreI recently held a hearing in my congressional subcommittee on the subject of competing currencies. This is an issue of
Read moreLast week the House of Representatives overwhelmingly passed my legislation calling for a full and effective audit of the Federal
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