D.C. Appeals court strikes Obamacare subsidies

A federal appeals court dealt a major blow to Obamacare on Tuesday, saying that millions of Americans cannot get subsidies to help pay for their health insurance through HealthCare.gov, the federal exchange serving most of the country. The court said those subsidies can only be given through the state-run exchanges.

In a 2-1 ruling, the U.S. Court of Appeals for the D.C. Circuit said that the IRS had incorrectly allowed people to get subsidized through the federal exchange. It did not order the subsidies stopped immediately, recognizing that the Obama administration will appeal.

The Halbig v. Burwell decision is the second recent…

IRS official: Lois Lerner email trail may not be cold

A top IRS official is now uncertain about whether backup tapes of the lost Lois Lerner emails may exist, according to testimony released by Republicans — a potentially significant plot twist in the controversy that has shaken the IRS in recent weeks.

IRS deputy associate chief counsel Thomas Kane, who oversees the tax-collecting agency’s document production to Congress, told the House Oversight Committee in private testimony that he’s now unsure if the correspondence is backed up somewhere else.

“I don’t know if there is a backup tape with information on it or there isn’t,” he told investigators Thursday, according to a partial…

US Chamber of Commece: When Ex-Im Is Required (Small Business Edition)

READ THE ORIGINAL STORY HERE

As the fight over the fate of U.S. Export-Import Bank (Ex-Im) continues, the rhetoric in Washington has grown heated. But across the nation, business owners are perplexed by the inside-the-beltway campaign against Ex-Im.

In particular, the thousands of small businesses that depend on Ex-Im to be able to access foreign markets are stunned at the threat that Washington could let the Bank’s charter lapse.

What the critics don’t grasp is that access to Ex-Im isn’t just something that’s nice for small exporters to have—it’s often indispensable.

Bridge to Life Solutions in Columbia, South Carolina, uses the most widely utilized…

Roll Call: Border Funding Request Takes Shape in House

House Republicans could by the week’s end unveil their legislative response to the president’s $3.7 billion request to bolster resources at the southwest border — a response that’s likely to cost less and incorporate policy riders sure to rile up Democrats on the left.

Rep. Kay Granger, R-Texas, the chairwoman of a special GOP working group convened by Speaker John A. Boehner to make policy recommendations on the child migrant border surge, told reporters Tuesday morning the group is pushing for increased border security funding, the use of National Guard troops on the border and the installation of more immigration judges…

POLITICO: Understanding the Export-Import Bank

What does the Export-Import Bank do?
The institution helps U.S. companies sell products to foreign customers, mostly by providing or guaranteeing loans to those buyers. It steps in when private banks decide certain sales are too risky to finance.
Who benefits from the bank?

The top customers are Boeing, which said it relied on the bank’s financing to support 18 percent of its aircraft sales last year, and other major exporters like General Electric and Caterpillar. But more than 90 percent of the bank’s customers are small businesses. Overall, the bank said it supported 205,000 U.S. jobs last year and sent a profit…

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D.C. Appeals court strikes Obamacare subsidies

A federal appeals court dealt a major blow to Obamacare on Tuesday, saying that millions of Americans cannot get subsidies to help pay for their health insurance through HealthCare.gov, the federal exchange serving most of the country. The court said those subsidies can only be given through the state-run exchanges. In a 2-1 ruling, the […]

IRS official: Lois Lerner email trail may not be cold

A top IRS official is now uncertain about whether backup tapes of the lost Lois Lerner emails may exist, according to testimony released by Republicans — a potentially significant plot twist in the controversy that has shaken the IRS in recent weeks. IRS deputy associate chief counsel Thomas Kane, who oversees the tax-collecting agency’s document […]

US Chamber of Commece: When Ex-Im Is Required (Small Business Edition)

READ THE ORIGINAL STORY HERE As the fight over the fate of U.S. Export-Import Bank (Ex-Im) continues, the rhetoric in Washington has grown heated. But across the nation, business owners are perplexed by the inside-the-beltway campaign against Ex-Im. In particular, the thousands of small businesses that depend on Ex-Im to be able to access foreign […]

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