The Leaflet - The Fracking Debate
Today, North Carolina is expected to vote to allow the process of hydraulic fracturing, or “fracking,” for natural gas.
Today, North Carolina is expected to vote to allow the process of hydraulic fracturing, or “fracking,” for natural gas. This comes just a month after Vermont became the first state to completely ban the process, even though the state has no known resources that actually could be tapped this way. Many environmental activists proclaimed Vermont’s ban a victory and hoped the idea would spread to states that actually had resources to frack.
Research & Commentary: Hydraulic Fracturing Bans
Despite there being no known natural gas resources in Vermont, Gov. Peter Shumlin recently signed into law the nation’s first state ban on hydraulic fracturing (fracking). Vermont’s ban is little more than symbolic, but Shumlin publicly encouraged other states to impose bans, saying the increased natural gas production is not worth the risk of contaminating drinking supplies.
What We're Working On
In this article from InfoTech & Telecom News, Bruce Edward Walker discusses how Federal taxpayer funding for public broadcasting once again is under scrutiny as Congressional leaders seek to stem the growth of the ballooning national deficit. Walker speaks with several experts about whether public broadcasting can survive without this funding.
In accordance with standards set by the Patient Protection and Affordable Care Act (PPACA), the federal government has approved changes to Wisconsin’s state Medicaid program, BadgerCare.
Research & Commentary: Enterprise Value Tax
A proposal from the Obama administration that has generated significant opposition from the financial sector is the enterprise value tax. This is because high taxes on investment income can be a hindrance to investment by reducing incentives for investors and financial managers to engage in certain financial activities or higher-risk investments. Senior Policy Analyst Matthew Glans examines the enterprise value tax proposal and its possible effects on financial markets and the economy.
The Pennsylvania House is considering a bill that would privatize the state’s liquor sales. Currently all liquor sales in Pennsylvania are done in state-run stores. Other than Pennsylvania, only Utah retains total government control over both wholesale and retail liquor sales within its borders. Senior Policy Analyst Matthew Glans examines the proposal to privatize Pennsylvania’s liquor sales and its possible effects on consumers and the economy.
U.S. Education Secretary Arne Duncan has paid much lip service toward giving state and local educators more flexibility in deciding how best to meet the individual needs of students, while at the same time committing the deepest big-government incursion into education ever. Through Obama’s Race to the Top Initiative, the Department of Education is requiring states to make favored policy changes to get a portion of the program’s $4.35 billion. Now many states are spending thousands of man-hours crafting their applications, with no guarantee they’ll win; those that do win will be required to have federal oversight to make sure they follow through with their plans.
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Thursday, August 9, 2012
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The June issue of FIRE Policy News reports on the Federal Reserve’s apparent commitment to more years of historically low interest rates, despite indications of an improving economy and rising price inflation.