Tag Archives: Congress

$1,500


By  CAP Action War Room

Compromise Set to Lower Student Loan Interest Rates

Student loan rates for undergraduates doubled on July 1 from 3.4 percent to 6.8 percent, threatening to further increase college costs for millions of already-strained students.

Fortunately, a bipartisan deal has emerged in the Senate that looks set to lower interest rates before students head back to campus.  Here are the main elements of this compromise:

  • It immediately and significantly lowers interest rates, giving students the certainty they need to make borrowing decisions.
  • It ties student loan interest rates to the market, allowing students to immediately take advantage of today’s low rates.
  • It caps overall rates to help protect students from interest rate increases in the years to come.
  • It sets the interest rate at a fixed rate for the entire life of the loan in contrast to a GOP proposal that would’ve allowed the rate to change every single year the loan remained outstanding.

You can find out more details about this plan and why it matters HERE.

This can all be a little confusing, but the immediate impact is pretty simple. Here’s what will happen as soon as this compromise becomes law:

BOTTOM LINE: 11 MILLION students will save an average of $1,500 as a result of the student loan compromise the Senate is going to vote on tomorrow. Young people need Congress to act right away to pass this deal.

Evening Brief: Important Stories That You Might’ve Missed

Virginia governor apologizes for involvement in scandal, repays loans from donor he had insisted were not improper.

The FDA made a sweetheart deal that will limit access to cheaper emergency contraception.

North Carolina legislature considering the nation’s worst voter suppression law.

The Supreme Court’s recent marriage equality ruling is already having a big impact.

Internal doc reveals House GOP’s strategy for successful public events: plant questions.

The latest shocking anti-immigrant comment made by a House Republican.

Senator slams domestic spying: “Secret law has no place in America.”

Does an emerging governing coalition spell doom for House conservatives?

Three legal obstacles that may prevent bankruptcy from slashing the pensions of Detroit workers.

Repeal This!


By  CAP Action War Room

Speaker Boehner’s Do-Nothing Congress

It’s simply an objective fact that this Congress is on track to be the least productive in modern history, owing largely to the inability or unwillingness of Speaker John Boehner (R-OH) to move almost even the most basic legislation through the House of Representatives. That’s right, the Senate is a font of bipartisan comity and productivity compared to the do-nothing House.

Asked about this yesterday on Face the Nation, Speaker Boehner offered up this thoroughly ridiculous defense of Congress’ historically unproductive session:

We should not be judged on how many new laws we create. We ought to be judged on how many laws we repeal. We’ve got more laws than the administration could ever enforce.

Even by Boehner’s own bizarre standard, Congress has still been spectacularly ineffective. House Republicans have not successfully repealed Obamacare or Wall Street reform, but they have wasted millions of dollars and weeks of time trying — and failing — to do so. As MSNBC’s Steve Benen noted, “In other words, by Boehner’s own standards for evaluating Congress on the merits, he’s failing.”

All that said, we’ll take the Speaker at his word. With that in mind, here’s some things we’d love for him to get to repealing as soon as possible:

  1. The Defense of Marriage Act: While the Supreme Court threw out the part of DOMA that prohibited the federal government from recognizing legally valid same-sex marriages, the part that allows states to refuse to do so is still on the books. Congress should get rid of that part too.
  2. Giveaways to Big Oil: Oil prices are once again creeping up, which is a good reminder that oil companies don’t need billions of dollars a year in giveaways from taxpayers. Some of these giveaways have been on the books for a century, so they definitely seem ripe for repeal at a time of sky-high oil prices and Big Oil profits to go along with them.
  3. Restrictions on Abortion in the District of Columbia: Unable to impose their will on the nation, Republicans have used Congress’ enduring control over the affairs of the District of Columbia’s more than 600,000 disenfranchised residents to advance various pet causes. One of them has been to forbid the District from using funds generated by the taxpayers of the District themselves (i.e local, not federal funds) to pay for abortions for low-income women.
  4. Giveaways to Hedge Fund and Private Equity Managers: The so-called “carried interest” loophole is the one that allows hedge fund and private equity managers — and hedge fund and private equity managers alone — to avoid paying their fair share in taxes on billions in income by erroneously classifying ordinary income as investment income. It has no economic justification and allows people like Mitt Romney to get away with paying a lower tax rate than many middle class workers.
  5. Restrictions on Commonsense Gun Violence Prevention Measures: Similar to the aforementioned restrictions on abortion in Washington, D.C., Congress has also seen fit to put numerous restrictions on the ability of the federal government to take commonsense steps to reduce gun violence. These NRA-backed “riders”  in annual appropriations bills, including those preventing even basic public health research on gun violence and measures meant to reduce gun trafficking, should be repealed instead of being extended for yet another year.

We could go on. In fact, there’s nearly $1 TRILLION in wasteful and unnecessary giveaways in the tax code alone that Congress could repeal today. Boehner also said yesterday that his top priority is repairing the nation’s finances. If reducing the deficit and repealing things are his top priorities, these giveaways would seem to be a good place for Boehner to start.

BOTTOM LINE: Any way you slice it, Congress is historically unproductive and historically unpopular. Instead of finding up-is-down, black-is-white excuses, Speaker Boehner should start allowing the House of Representatives — the whole House, not just the Republican caucus — to work its will and accomplish something for the American people. If Speaker Boehner is unable or unwilling to lead on issues like immigration reform with a pathway to earned citizenship, he can at least get out of the way.

Meals for Seniors and Head Start ~~~ End the Sequester


Sarasota - Meals on Wheels
Sarasota – Meals on Wheels (Photo credit: roger4336)

Tonight, chances are a senior in your community will go to bed hungry.


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Send a message to Congress   and President Obama to find a way to
end sequestration now!
Head Start Gets Results

Juan Sepulveda, Democrats.org


Almost every single Republican member of Congress voted to make 800,000 young people who came to the United States through no fault of their own vulnerable to deportation.

That’s a position even further to the right than the one held by the man they nominated for president last year, Mitt Romney — who advocated for self-deportation.

Share this graphic with your friends, and let them know what happened this morning:The new House GOP immigration planLast year, President Obama announced that these young people — sometimes called DREAMers — who contribute to our country by serving in the military or going to college, can request relief and apply for work visas. But now Republicans in Congress are trying to take that away.

President Obama can’t create a permanent solution for these young people by himself — only Congress can do that. Today’s vote was a major step back in the fight for common-sense immigration reform, and we need to hold the House Republicans who voted to put the DREAMers at risk for deportation accountable.

The key question moving forward is whether the GOP-led House moves in the direction of common-sense immigration reform that fixes our broken system and creates a path to earned citizenship, or whether it goes backwards and targets young people that are here through no fault of their own and who are contributing to our communities every day.

Share the above graphic with your friends and family, and encourage them to join us here:

http://my.democrats.org/Dream

Thanks,

Juan

Juan Sepulveda
Senior Advisor for Hispanic Affairs
Democratic National Committee

P.S. — President Obama will not give up on this issue — and neither will the Democrats fighting for it.

Renewable Energy creates jobs


Union of Concerned Scientists

A Clean Energy Bill Congress Can Agree On

Urge Congress to support tax benefits that will unleash the power of private investment to make renewable energy even more competitive and create clean energy jobs.

Take Action Today!

www.ucsusa.org

ACTION ALERT Tell Congress to Level the Playing Field for Renewable Energy Congress stands poised to take an important step toward leveling the playing field on which renewable energy and fossil fuels compete for financing. But policy makers in Washington need to hear from you today to break the gridlock on clean energy. Urge Congress to support a level playing field for clean energy today.

www.ucsusa.org Renewable energy has been denied access to certain tax benefits and low-cost financing made available to the fossil fuel industry for decades. Bipartisan legislation now before the U.S. House and Senate will finally give renewable energy projects access—unlocking billions of dollars of low-cost financing for clean energy. Let’s make sure Congress does not fail to seize this opportunity to ensure renewables compete on more even ground with fossil fuels. Take action today!

www.ucsusa.org

Sincerely, Megan Rising Megan Rising Energy Campaign Manager Climate & Energy Program Union of Concerned Scientists