CBO: Obamacare to Cost $1.762 Trillion Over 10 yrs

Tuesday, March 13th, 2012 and is filed under News

Remember when Obamacare was actually supposed to trim the deficit and cut healthcare costs?  Well, it will cut Medicare with the death panel.  But overall it will cost $1.762 Trillion Over 10 years, according to a new CBO report (see page 3).  Keep in mind that those costs have nothing to do with the individual mandate.  Even if the Supreme Court strikes down the individual mandate, we will be saddled with the costs of the rest of the program, as well as the inflationary cost on those of us who want to keep our private insurance.  This is why Obamacare must be fully repealed, irrespective of the Supreme Court decision.

Senate Action Alert: Highway Bill/Energy Subsidies

Tuesday, March 13th, 2012 and is filed under Blog

Today is D-day for the Senate highway bill and all its amendments.  We must oppose this highway bill, which will raise taxes, engender future bailouts, and preclude much-needed devolution of transportation responsibility to the states.  Before voting on final passage of the bill tonight, the Senate will vote on several other important amendments.  We should support the two DeMint amendments and oppose the other amendments.

  • DeMint #1756: At noon today the Senate will vote on DeMint’s amendment to abolish the federal gas tax and devolve transportation spending to the states.  His amendment will only need 51 votes to pass.  This is a seminal vote for conservatives.

After 2:15, the Senate will vote on 20 amendments.  Here are the amendments related to energy subsidies that conservatives must watch carefully.  Each amendment will require 60 votes to pass.

  • DeMint #1589: This amendment would repeal all subsidies and tax credits for all energy companies.  This amendment would not only prevent the expired green energy tax credits from being reinstated, it would repeal existing ones as well.  This is one of the most important votes for conservatives.  It will separate the men from the boys.  [more background on the bill here]
  • Stabenow #1812: This amendment is the antithesis of DeMint’s bill.  Her amendment would extend all of the green energy credits and subsidies, including many of the new provisions enacted in the 2009 Stimulus.
  • Menendez-Burr #1782: This amendment would pass the T. Boone Pickens natural gas subsidies.  Boone Pickens’s plan would grant a $4,000 tax credit per car produced by all manufacturers of natural gas vehicles.  It would also give consumers a $7,500 tax credit for purchasing one of these vehicles.  Companies that install commercial fueling stations for these vehicles would be entitled to a $100,000 subsidy per station!

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NH House Panel Sides with Guinta Over Bass in Redistricting Battle

Tuesday, March 13th, 2012 and is filed under News

Yesterday, the New Hampshire House panel charged with drawing the new congressional maps sided with Rep. Frank Guinta and left the districts essentially unchanged.  There are only two members of Congress from New Hampshire; Charlie Bass and Frank Guinta.  Bass wanted to alter the map and move some Republican towns from Guinta’s district into his own.  From our perspective, Guinta is much more conservative than Bass.  We’d rather keep Gunta’s district more winnable, especially when the alternative would have required some gerrymandering.

Republicans Propose Temporary “Stimulus” Tax Cut

Tuesday, March 13th, 2012 and is filed under Blog

Next week, Republicans will announce a new plan to offer a short-term tax exemption for small businesses, roughly defined as companies with fewer than 500 employees.  Even though they have chided Democrats for “sugar-high” short-term tax breaks, they have no compunction about offering their own.  This, from the Hill:

After deriding the payroll tax cut as a short-term “sugar high” for the economy, House Republicans are rallying around a new temporary tax cut for small businesses.

GOP lawmakers acknowledge they would be setting themselves up for criticism by endorsing a temporary tax measure after taking a stand against the payroll tax holiday, and no final decision has been made. Many Republicans also insist they would prefer the small-business tax break be enacted permanently. […]

According to a summary of the proposal provided by House Majority Leader Eric Cantor’s (R-Va.) office, the plan would give millions of businesses with fewer than 500 employees — one federal definition of a small business — the ability to essentially exclude 20 percent of their income from taxation.

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It’s Game On in Alabama and Mississippi

Tuesday, March 13th, 2012 and is filed under Blog

We have spent all year inveighing against flaccid Republicans capitulating to the forces of big government.  Well, as the polls open in Alabama and Mississippi, now is our time to shine.  No – I’m not referring to the presidential election where we have a choice between several ‘evils of three lesser;’ I’m referring to the congressional elections.

As we noted last week, Spencer Bachus (Al-6) and Jo Bonner (Al-1) must go.  State Senator Scott Beason is the best suited to knock off Bachus.  Either Dean Young or Pete Riehm (both good Tea Party folks) are good to go up against Bonner. Remember that we don’t need to win outright; we just need to deny the incumbents a majority to force a runoff.  Unfortunately, the other incumbents don’t have any challengers from the right.  Mo Brooks has a challenger in CD-5 from the left in former Democrat Congressman Parker Griffith.

In Mississippi, all three Republican incumbents are demonstrably too pro-big-government for such a conservative state.  They all have challengers, but none of them have gained much traction.  That doesn’t mean we can’t force a runoff against Alan Nunnelee (CD-1), Steve Palazzo (CD-2), and Greg Harper (CD-3).  They all voted for the FY 2011 CR, the debt ceiling, and the FY 2012 appropriations bill, which completely vitiated the Ryan budget.  It also continued funding for Obamacare, Planned Parenthood, Dodd-Frank, and the EPA regulations that are driving up the cost of gas.

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House GOP leader calls for US to reject $37B IMF loan to Greece

Monday, March 12th, 2012 and is filed under News

It’s not enough that we are forced to bail out our own entitlement programs and institutions.  We have already extended $108 billion to the International Monetary Fund to bailout socialist European countries.  Now they are asking for another $37 billion.  Republican Conference Vice Chairman Cathy McMorris Rodgers is introducing legislation to rescind the previous IMF loan and to end all future bailouts of European nations and banks.

15 of 23 Incumbents Republican Congressmen in TX Draw Primary Opponents

Monday, March 12th, 2012 and is filed under Blog

Jean Schmidt’s shocking defeat at the hands of the Tea Party in Ohio has raised the ire of many establishment Republicans.  They have come to realize that in low-turnout primaries, no incumbent is safe, even against an underfunded challenger.  Over the weekend, Texas closed the registration for candidates filing to run in the primaries, and the local media was shocked to find out that 15 out of the 23 Republicans incumbents in the House have attracted primary challengers!

While some of the incumbents are in good standing and are worthy of our support, many of them have voted for Boehner’s big government agenda.  There is no reason why such a conservative state should not have a stellar congressional delegation.

Here at The Madison Project we are committed to turning over every stone in search for good conservative candidates in an effort to get rid of insipid incumbents.  We will research all of the races ahead of the May 29 primary and endorse the best conservatives.  It is also important to note that in Texas the winner is required to obtain a majority of support or face a runoff in July.  The fact that some incumbents have multiple challengers will help deny them the requisite majority and force them into a runoff, giving conservatives more time to mobilize against them.

Washington Post Poll: Obama Now Behind Republican Rivals

Monday, March 12th, 2012 and is filed under News

Conventional Wisdom in DC dictates that Obama should easily win reelection.  Yet, a new Washington Post Poll has him losing to Romney by 49% to 47%.  Obama had previously led Romney by a significant amount in the last Washington Post poll.  The culprit?  Only 26% approve of his handling of gas prices, while 65% disapprove of the man who won’t allow us to drill for oil.  This coincides with the latest Rasmussen poss which has Obama trailing Romney by 3 and leading Paul by just 1.

New Record Monthly Deficit 37 Months into Obama’s Presidency

Monday, March 12th, 2012 and is filed under Blog

Here’s a headline you won’t see in the media this week: we incurred the largest monthly deficit on record in February.

Seven months into a government “reined in” by the Budget Control Act, we are supposed to be reaping the benefits of budget reduction.  Yet, according to CBO, we incurred a gargantuan $229 billion $232 billion deficit in the month of February.  The conservative Washington Times was the only publication to note that this was the largest monthly deficit on record.  Keep in mind that we didn’t start accruing annual deficits of $230 billion until this past decade.  The preliminary estimates from CBO projected outlays at $335 billion and revenues at $103 billion.  Our total deficit for the first 5 months of fiscal year 2012 is $631 billion ($869 billion in revenue; $1.5 trillion in outlays).

Think for a moment about what it means to spend $335 billion in 29 days.  It comes out to $11.5 billion per day; $480 million per hour.  So the next time Congress deliberates over a few billion in spending cuts over the course of a month, remember that we will add several hundred billion more in debt during the course of the debate.

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Take Out Bonner and Bachus in Alabama

Friday, March 9th, 2012 and is filed under Blog

Last week, I bemoaned the fact that Alabama is one of the most conservative states, yet it sports a mediocre congressional delegation.  Alabama has one of the earliest congressional primaries; they will overlap with the presidential primary this coming Tuesday.  It turns out that several of the incumbents have primary challengers.

The one sane Republican in the state, Mo Brooks (CD-5) is being challenged by former Congressman and former Democrat Parker Griffith.  Obviously, we must support Brooks over Griffith.

In CD-1, Jo Bonner has several primary challengers.  This 5-term moderate once called the RSC budget cuts “misguided”  and eventually terminated his membership with the RSC.  He scored a 54% from Heritage Action last year.  The only challenger who has spent some money and has gained any traction is businessman Dean Young.  Although he has no record as an elected official, he has successfully fought against tax increases on  a local level and will clearly be more conservative than Bonner.

Then we have Spencer Bachus in the 6th district.  We don’t need an ethically-challenged supporter of big-government as the Chairman of the House Financial Services Committee.  This central Alabama district is perhaps the most conservative congressional district in the country.  If we’re going to reelect folks like Bachus from this district, we should just fold up shop.

The only viable candidate against Bachus appears to be state senator Scott Beason.  Beason has amassed one of the most conservative records in the Alabama legislature and is the sponsor of Alabama’s HB 56 anti-illegal immigration law.  His entire career has been marked by challenging the Republican establishment; he beat moderate incumbents for his house and senate seats.  He is not the type of guy to fall in line with leadership.

We learned last week from the defeat of Jean Schmidt that a small amount of effort can go a long way in a low-turnout primary.  It is in these districts that we must elect conservatives if we have any chance of securing a conservative majority to Congress some day.