Dismantling DEI = Restoring Equal Protection of the Law
Rep. Michael Cloud, R-Texas, and Sen. J.D. Vance, R-Ohio, have introduced the Dismantle DEI Act. The bill, S. 4516, and its House counterpart, HR 8706, are necessary and important bills that would...
View ArticleWhy Small Businesses Cheer as Judge Strikes Down ‘Transparency’ Law
Lawmakers snuck the Corporate Transparency Act into the 1,480-page National Defense Authorization Act in 2021. The measure is targeted squarely at small businesses with fewer than 20 employees or $5...
View ArticleLegal Challenges Follow SEC Adoption of Costly, Burdensome Climate Rule
The Securities and Exchange Commission on Wednesday adopted a final rule to require public companies to disclose climate-related information in financial statements and other reports provided to the...
View Article‘Inflation Reduction Act’ Is Euphemism for Big Government Socialism, Higher...
In the midst of a recession, with inflation eating away an average of $6,800 in purchasing power from the incomes of families with two workers, the so-called Inflation Reduction Act would impose tax...
View ArticleGameStop, Robinhood, and Short Selling: Not a Free Market
For many years, researchers at The Heritage Foundation have pointed out that U.S. financial markets have been highly regulated for more than a century, especially after the 1930s. Regulatory intrusion...
View ArticleCongress Should Not Kick Small Businesses While They Are Down
Progressives and some Republicans are trying to sneak a bill into the National Defense Authorization Act that would impose a beneficial ownership reporting regime on small businesses. It would create...
View ArticleCreating a Smart Financial System Based on Better Monetary Policy, Deregulation
Millions of Americans live in fear of another financial crisis, so they are willing to go along with extensive regulation of the financial sector. Unfortunately, they have been fed a falsehood about...
View ArticleRoger Scruton Was a Giant of Conservatism
Roger Scruton has died. Conservatism has lost one of its great thinkers. Scruton, who died Jan. 12 at age 75, authored more than 50 books on an astonishing number of subjects. He wrote about...
View ArticleWhy the SEC’s Consolidated Audit Trail Is a Bad Idea
The Securities and Exchange Commission beginning next year will require broker-dealers to report securities transactions to CAT NMS LLC, a Delaware-based limited-liability company jointly owned by...
View ArticleTed Budd’s Bill Would Help Main Street Small Businesses Find Investors
The Unlocking Capital for Small Businesses Act of 2019 (H.R. 3768), introduced by Rep. Ted Budd, R-N.C., would provide a safe harbor for finders and a reasonable regulatory regime for more active...
View ArticleThe Benefits of the Small Business Audit Correction Act
As the table below shows, the number of broker-dealers in the U.S. declined by 29 percent between 2003 and 2017. Over the same period, the size of the economy (as measured by real, inflation-adjusted...
View ArticleElizabeth Warren’s Proposal Would Help Wronged Investors
Sen. Elizabeth Warren, D-Mass., has introduced a constructive bill (S. 2499) that would accomplish two desirable policy objectives. The bill would help investors by providing the funds to pay unpaid...
View ArticleThe Economic Impact of the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act, which is expected to be signed into law today, would reform the tax code by lowering federal marginal rates for most households, corporations, and small businesses. We have...
View ArticleRepublican ‘Anti-Terror’ Bill Takes Aim at Small Business
On Wednesday, two House Financial Services Committee subcommittees will hold a joint hearing about two bills, one of which is the Counter Terrorism and Illicit Finance Act. Section 9 of this bill,...
View ArticleHow the GOP Tax Bill Will Affect the Economy
The House passed its version of the Tax Cuts and Jobs Act on Thursday, a bill that would reform the tax code by lowering marginal rates for most households, corporations, and small businesses. The...
View ArticleGOP Tax Plan Would Revitalize US Economy, Give Significant Tax Relief
House Republicans unveiled their plan to update the nation’s tax code on Thursday. If they are successful at passing the plan—known as the Tax Cuts and Jobs Act—it will mark the first time in more than...
View ArticleHouse Republicans’ Blueprint Bodes Well for Pro-Growth Tax Reform
House Republicans released a blueprint for tax reform on Friday. If Congress follows the architecture the blueprint lays out, it will create a strongly pro-growth tax system that will create jobs,...
View ArticleThe Problem With This Senator’s Plan to Help Businesses Deal With the Tax Code
Sen. Ron Wyden, D-Ore., has released a plan to update the way businesses deduct the cost of capital expenses. Wyden is right to focus on capital cost recovery as a key way to improve the economy, but...
View ArticleThe Tax Law Makes It Almost Impossible for ‘S Corporations’ to Use Equity...
Equity crowdfunding, created by the JOBS Act in 2012, will finally become legal on May 16th. The tax code, however, makes it almost impossible for millions of small businesses to use equity...
View ArticleStarting a Small Business Could Break This Federal Law
When a company would like to sell stock, it must register with the Securities and Exchange Commission unless an exemption applies, per the Securities Act. It’s estimated by the Securities and Exchange...
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