Are Republicans for Big Government?
This week the Journal's Kim Strassel wrote that 'Republicans finally must grapple with an ugly truth within the party of 'limited government': Most of them don't want to cut spending on anything.' Yes, it can be rather shocking for idealistic new GOP congressional staff to get a peek backstage and learn how few elected Republicans actually want government to be smaller.
Now the whole country will see what happens as the time has arrived for GOP lawmakers to enact some modest budget restraint as part of their budget reconciliation bill that includes tax restraint. Ms. Strassel advised readers to 'watch for weeks of headlines about internal fights over how to squeeze a dollar here and fiddle an account there.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
USA Today
an hour ago
- USA Today
Congress introduces bill addressing national guidelines for college sports
Congress introduces bill addressing national guidelines for college sports With the settlement of three athlete-compensation antitrust cases against the NCAA and the Power Five conferences having received final approval from a federal district judge on June 6, members of the U.S. House of Representatives have moved into action with new legislative proposals regarding national rules for college sports. On Wednesday, June 10, Reps. Lisa McClain, R-Mich., and Janelle Bynum, D-Ore., introduced a bill that comes shortly after Reps. Gus Bilirakis, R-Fla., and Brett Guthrie, R-Ky., circulated a discussion draft of a bill that would largely put into federal law the terms and new rules-making structure of the settlement. The discussion draft is set to be the centerpiece of a hearing June 11 by a subcommittee of the House Energy and Commerce Committee. Bilirakis, who has been involved in previous college-sports bill efforts, chairs the subcommittee. Guthrie chairs the full committee. The bill – in addition to being a bi-partisan presentation – continues recent work related to college sports from McClain, who is the current House Republican Conference chair. That makes her the GOP's No. 4-ranking member in the House. In April, McClain introduced a bill that would prevent college athletes from being employees of their schools, conferences or an athletic association. The discussion draft – as posted on Congress' general resource site, - includes language that specifically would allow the NCAA, and potentially the new Collegiate Sports Commission, to make rules in areas that have come into legal dispute in recent years and in areas that the NCAA wants to shield from legal dispute. The discussion draft, first reported on by The Washington Post, also includes language that would require most Division I schools to provide a series of benefits for athletes that are currently called for under NCAA and some conferences' rules but do not have the force of federal law. In addition, the discussion draft includes a 'placeholder' section for language that likely would be connected to providing antitrust or other legal protection for various provisions. According the discussion draft, an 'interstate collegiate athletic association' would be able to 'establish and enforce rules relating to … the manner in which … student athletes may be recruited' to play sports; 'the transfer of a student athlete between institutions'; and 'the number of seasons or length of time for which a student athlete is eligible to compete, academic standards, and code of conduct'. The NCAA's rules regarding when recruits can be offered money in exchange for the use of their name, image and likeness; athletes' ability to freely transfer; and the number of seasons in which they are eligible to compete all of have been – or currently are being – addressed in federal and state courts across the country. That has raised concerns for NCAA officials about the future of rules such as those concerning academic eligibility requirements The discussion draft also includes language that would require most Division I schools to provide a series of benefits for athletes that are currently called for under NCAA and some conferences' rules but do not have the force of law. These include medical coverage for athletically related injuries for at least two years after the conclusion of an athlete's career; guaranteed financial aid that would allow an athlete to complete an undergraduate degree; and 'an administrative structure that provides independent medical care and affirms the unchallengeable autonomous authority of primary athletics health care providers (team physicians and athletic trainers) to determine medical management and return-to-play decisions related to student athletes.'
CNBC
an hour ago
- CNBC
Trump's 'big beautiful' spending bill could make it harder to claim this low-income tax credit
As Senate Republicans debate President Donald Trump's "big beautiful bill", a lesser-known provision from the House-approved package could make it harder to claim a low-income tax credit. If enacted as written, the House measure in the "One Big Beautiful Bill Act" would require precertification of each qualifying child for filers claiming the so-called earned income tax credit, or EITC, starting in 2028. Under current law, taxpayers claim the EITC on their tax return — including Schedule EIC for qualifying children. The provision aims to "avoid duplicative and other erroneous claims," according to the bill's text. But policy experts say the new rules would burden eligible filers, who may forgo the EITC as a result. The measure could also delay tax refunds for those filers, particularly amid IRS cutbacks, experts say. More from Personal Finance:Job market is 'trash' right now, career coach says — here's whyWhat a 'revenge tax' in Trump's spending bill could mean for investorsWhat Trump's plan to slash Pell Grant to lowest level in a decade means for you "You're going to flood the IRS with all these [EITC] documents," said Janet Holtzblatt, a senior fellow at the Urban-Brookings Tax Policy Center. "It's just not clear how they're going to process all this information." Holtzblatt, who has pushed to simplify the EITC for decades, wrote a critique of the proposed precertification last week. "This is not a new idea, but was previously considered, studied and rejected for very good reasons," Greg Leiserson, a senior fellow at the Tax Law Center at New York University Law, wrote about the proposal in late May. Studies during the George W. Bush administration found an EITC precertification process reduced EITC claims for eligible filers, Leiserson wrote. During the study, precertification also yielded a lower return on investment compared to existing EITC enforcement, such as audits, he wrote. One of the key benefits of the EITC is the tax break is "refundable," meaning you can still claim the credit and get a refund with zero taxes owed. That's valuable for lower earners who don't have a tax bill, experts say. To qualify, you need "earned income," or wages from work. The income phase-outs depend on your "qualifying children," based on four IRS tests. "Eligibility is complicated," and residency requirements for qualifying children often cause errors, said Holtzblatt with the Tax Policy Center. For 2025, the tax break is worth up to $8,046 for eligible families. You can claim the maximum EITC with adjusted gross income up to $61,555 for single filers and $68,675 for married couples filing jointly. These phase-outs apply to families with three or more children. As of December 2024, about 23 million workers received the EITC for tax year 2022, according to the IRS. But 1 in 5 eligible taxpayers don't claim the tax break, the agency estimates. Nine Democratic Senators last week voiced concerns about the House-approved EITC changes in a letter to Senate Majority Leader John Thune, R-S.D., and House Speaker Mike Johnson, R-La. If enacted, the updates would "further complicate the EITC's existing challenges and make it more difficult to claim," the lawmakers wrote. Higher earners are more likely to face an audit, but EITC claimants have a 5.5 times higher audit rate than the rest of U.S. filers, partly due to improper payments, according to the Bipartisan Policy Center. The proposed EITC change, among other House provisions, still need Senate approval, and it's unclear how the measure could change. However, under the reconciliation process, Senate Republicans only need a simple majority to advance the bill.
Yahoo
an hour ago
- Yahoo
Congress introduces bill addressing national guidelines for college sports
With the settlement of three athlete-compensation antitrust cases against the NCAA and the Power Five conferences having received final approval from a federal district judge on June 6, members of the U.S. House of Representatives have moved into action with new legislative proposals regarding national rules for college sports. On Wednesday, June 10, Reps. Lisa McClain, R-Mich., and Janelle Bynum, D-Ore., introduced a bill that comes shortly after Reps. Gus Bilirakis, R-Fla., and Brett Guthrie, R-Ky., circulated a discussion draft of a bill that would largely put into federal law the terms and new rules-making structure of the settlement. Advertisement The discussion draft is set to be the centerpiece of a hearing June 11 by a subcommittee of the House Energy and Commerce Committee. Bilirakis, who has been involved in previous college-sports bill efforts, chairs the subcommittee. Guthrie chairs the full committee. The bill – in addition to being a bi-partisan presentation – continues recent work related to college sports from McClain, who is the current House Republican Conference chair. That makes her the GOP's No. 4-ranking member in the House. In April, McClain introduced a bill that would prevent college athletes from being employees of their schools, conferences or an athletic association. The discussion draft – as posted on Congress' general resource site, - includes language that specifically would allow the NCAA, and potentially the new Collegiate Sports Commission, to make rules in areas that have come into legal dispute in recent years and in areas that the NCAA wants to shield from legal dispute. The discussion draft, first reported on by The Washington Post, also includes language that would require most Division I schools to provide a series of benefits for athletes that are currently called for under NCAA and some conferences' rules but do not have the force of federal law. Advertisement In addition, the discussion draft includes a 'placeholder' section for language that likely would be connected to providing antitrust or other legal protection for various provisions. According the discussion draft, an 'interstate collegiate athletic association' would be able to 'establish and enforce rules relating to … the manner in which … student athletes may be recruited' to play sports; 'the transfer of a student athlete between institutions'; and 'the number of seasons or length of time for which a student athlete is eligible to compete, academic standards, and code of conduct'. The NCAA's rules regarding when recruits can be offered money in exchange for the use of their name, image and likeness; athletes' ability to freely transfer; and the number of seasons in which they are eligible to compete all of have been – or currently are being – addressed in federal and state courts across the country. That has raised concerns for NCAA officials about the future of rules such as those concerning academic eligibility requirements The discussion draft also includes language that would require most Division I schools to provide a series of benefits for athletes that are currently called for under NCAA and some conferences' rules but do not have the force of law. Advertisement These include medical coverage for athletically related injuries for at least two years after the conclusion of an athlete's career; guaranteed financial aid that would allow an athlete to complete an undergraduate degree; and 'an administrative structure that provides independent medical care and affirms the unchallengeable autonomous authority of primary athletics health care providers (team physicians and athletic trainers) to determine medical management and return-to-play decisions related to student athletes.' This article originally appeared on USA TODAY: Congress introduces college sports bill proposing national rules
