Author Archive | Tim Panzarella

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Senators Aim to Axe Program Giving Farmers Guaranteed Profits While Sticking Taxpayers With the Tab

Gina Sanders | DreamstimeWhen crops fail, taxpayers pay. A popular federal crop insurance program—the Harvest Price Option, or HPO—will cost taxpayers an estimated $21 billion over the next decade in order to guarantee profits for farmers who experience crop failures. Sen. Jeff Flake (R-Ariz.) and Sen. Jeanne Shaheen (D-N.H.) are aiming to slash agricultural subsidies […]

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America’s Exit May Have Improved the Trans-Pacific Partnership, but Not for America

Donald Trump may have pulled the U.S. out of the Trans-Pacific Partnership, but the trade deal didn’t die: Last Saturday in Da Nang, Vietnam, the 11 remaining countries announced that they had agreed on the core elements of the pact. Known officially as the “Comprehensive and Progressive Agreement for Trans-Pacific Partnership” and colloquially as TPP […]

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Globalization Is a Boon for Rural America

Alexey Stiop / DreamstimeHancock County, Kentucky, is a quiet place, along the serpentine Ohio River that divides the Bluegrass State from Indiana. It was here that Abraham Lincoln argued his first law case, in his own defense, when he was accused of operating a ferry without a license. Today this rural patch is one of […]

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Nixing NAFTA: Trump Might Not Have as Much Power as He Thinks

Al Drago/CNP/AdMedia/NewscomPresident Donald Trump has made it clear he’s willing to terminate the North American Free Trade Agreement, but legal experts aren’t sure he has the authority to do so. Under the U.S. Constitution, Congress is given the power to “regulate commerce with foreign nations,” suggesting it has the a final decision on NAFTA. Article […]

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IRS Rehired Employees Previously Fired as Security Risks

Millions of Americans’ personal information may be vulnerable to hackers, thanks to the Internal Revenue Service’s carelessness. Not only has the agency been using an outdated security system, but it has rehired hundreds of employees previously fired for wrongdoing or performance issues, according to testimony by J. Russell George, the Treasury’s inspector general for tax […]

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Will Trump Tear Up NAFTA?

Consolidated News Photos/NewscomThe future of free trade in North America is up in the air as the Trump administration’s talks with Mexico and Canada continue to stumble. U.S. Trade Representative Robert Lighthizer recently announced negotiations on the North American Free Trade Agreement would be pushed back into spring of 2018. But unofficial negotiations are already […]

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Congressional Republicans Aim to Loosen Rules Restricting Export-Import Bank Cronyism

Congress is trying to open a huge loophole in the rules governing the Export-Import Bank, one of the federal government’s most crony-capitalist institutions. The bank gives taxpayer-backed guaranteed loans to corporations doing business in foreign countries. But thanks to a reform adopted in 2015, it can’t give loans of more than $10 million without the […]

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U.S. Steel Manufacturers Eager for Trump to Impose Long-Promised Tariffs

Chris Kleponis/dpa/picture-alliance/Newscom American steel manufacturers are eager for President Donald Trump to follow through on his campaign trail bluster and slap high protective tariffs on steel imports. Bloomberg recently interviewed John Ferriola, CEO of Nucor, an American steel company, who said after speaking with administration officials, he felt reassured that the tariffs are coming. “Last […]

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Two Solar Companies Got Big Subsidies From Obama. Now They Want Protective Tariffs From Trump.

Two bankrupt green energy companies may be given new lives, thanks to the economic protectionism in the guise of “America First.” Suniva and Solarworld, like many companies in the renewable energy industry, have received millions of taxpayer dollars in the form of grants and tax incentives over the past decade. Now, both are pinning their […]

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