U.S. Senator Ron Johnson (R-WI) joined 18 of his Republican colleagues on Tuesday in introducing a Congressional Review Act resolution of disapproval.
The CRA aims to end President Joe Biden’s latest end-around to the U.S. Supreme Court’s ruling this summer striking down the administration’s original student loan bailout.
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Republican lawmakers this week unveiled a shared revenue plan that would boost state funds for counties and municipalities and give authority to fiscally troubled Milwaukee and Milwaukee County to set and boost sales taxes.
But will taxpayers around the Badger State be forced to pay for Milwaukee’s mistakes?
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While the constitutionality of President Joe Biden’s student loan bailout is awaiting a Supreme Court decision, a bill re-introduced by two House members would block the Biden administration from canceling student loan debt on a mass scale.
The Student Loan Accountability Act, authored by U.S. Representatives Mike Gallagher (R-WI-08) and Drew Ferguson (R-GA-03) would also prevent forgiven loans from getting an additional tax break and it would bar the Internal Revenue Service from sharing American’s tax information for the purpose of implementing mass loan cancelation.
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A little more than eight months after the billion-dollar government bailout of the state’s nuclear energy industry led the arrest of former Ohio House Speaker Larry Householder, Gov. Mike DeWine officially put it to rest.
DeWine signed House Bill 128 into law late Wednesday. It repeals the nuclear provisions of the infamous House Bill 6.
Gone is the bailout for the Perry and Davis-Besse nuclear power plants in northern Ohio. Also eliminated was the ability for FirstEnergy to have its revenue levels relatively the same even during years when energy consumption decreases. HB 128 directed refunds of money already collected under the guarantee.
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FirstEnergy has agreed to give up what could have been a $120 million windfall in 2021, and Ohio put on hold its ongoing lawsuit relating the state’s nuclear bailout law.
Ohio Attorney General Dave Yost announced Monday what he called a “big win” for state consumers when the energy company said it would forego a provision in the law that guaranteed FirstEnergy the ability to recapture yearly profits based on its profit numbers from 2018.
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Michigan is facing a grim outlook for the state’s economic future.
Legislators are divided over whether the crisis requires severe budget cuts or a federal bailout to fix.
Lawmakers are facing a projected $6.2 billion drop in revenue over the next two fiscal years.
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Americans have come together in the fight against the invisible enemy, but this situation has been made worse by some politicians who seek to take advantage of this pandemic and our recovery while so many are suffering. President Trump has been working around the clock to slow the spread of the Wuhan virus and get the economy going again, but Nancy Pelosi and Chuck Schumer have used this crisis to push their radical socialist agenda and grow the size of government. Twice now, Nancy Pelosi held American families, workers, and businesses hostage for days by delaying relief funding in the name of securing tens of millions of dollars for the Kennedy Center, pushing her Green New Deal, changing voting laws, and growing government to advance her radical socialist agenda.
Even more recently, there have been calls to give handouts to failing state and local governments, not because of the coronavirus, but because these states have been mismanaged and run irresponsibly. The American taxpayer should not bail out state and local governments for the reckless fiscal decisions made before the coronavirus.
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Gov. Gretchen Whitmer said Sunday that bankruptcy is not an option for Michigan in response to comments last week from U.S. Senate Majority Leader Mitch McConnell.
Whitmer appeared on ABC’s “This Week with George Stephanopoulos” on Sunday. Stephanopoulos asked her if default was on the table for Michigan.
“No, and it’s outrageous for Senator McConnell to even suggest that,” Whitmer said. “But that’s what the matter is. Our general fund budget when adjusted for the inflation is the same size it was during – when Richard Nixon was our president. We have been incredibly smart stewards and we have not made some of the investments I think we should have as a state because of this artificially low number that we’ve been working with.”
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Ohio legislators revealed Monday their latest plan to save Ohio’s only two nuclear power plants from bankruptcy. As previously reported, FirstEnergy Solutions, a subsidiary of FirstEnergy that manages several power stations across the Midwest, announced that it was closing all three of the nuclear plants it owns and operates throughout the region. Two of these plants are located in Ohio, with the third in Shippingport, Pennsylvania. Due to its close proximity to the Ohio border, many of the Pennsylvania plant’s employees hail from the Buckeye State, meaning that the overwhelming majority of the 2,300 employees set to be laid off from all three plants would be native Ohioans. The organization’s subsequent moves sparked national outrage and condemnation from Democrats, Republicans, and environmental groups: Energy companies like FirstEnergy and its subsidiaries are required to keep enough money in reserve to cover the cost of environmental cleanup should it be necessary. When FES filed for bankruptcy, FirstEnergy, the parent company, immediately began filing extensions with the federal government to discuss these requirements. Simultaneously, they met with private creditors to ensure all personal debts were either paid, nullified, or managed. When this was completed, FirstEnergy then decided to “spin-off” FES and act as if they were a wholly independent…
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