Tags: Orgel | Moore | Congress | Republicans

Heritage Foundation's Moore Talks About Economic Agenda

By    |   Monday, 29 Dec 2014 07:53 AM

Heritage Foundation Chief Economist Stephen Moore appeared on C-SPAN's Washington Journal Dec. 28 to discuss issues of interest to conservatives in the 114th Congress that will be convening after the turn of the year, with emphasis on issues related to the economy. Moore was interviewed by Paul Orgel, who asked Moore what he sees ahead for the new Congress.

Moore responded that there will be a lot of battles with President Obama, starting with the Keystone Pipeline and tax and regulatory issues. The question for Moore is whether the president will be more willing to compromise than he was when Republicans took the House in 2011, and he doubts that Obama will act differently during the next 18 months.

Orgel played a clip of incoming Senate Majority Leader Mitch McConnell, R-Ky., who stated that it is his intention to bring up the Keystone Pipeline bill and open it for "energy-related" amendments, making "no attempt to micromanage the amendment process." This writer would point out that this is a pointed reference to the practice of his predecessor, Sen. Harry Reid, D-Nev., who strictly limited the ability of senators of both parties to offer amendments.

Moore stressed the importance of what he called the "energy revolution" that is just beginning, to open what Moore called "hundreds of years of supply" and which he argues will create 10,000 to 15,000 mostly union jobs and an opportunity to export energy, and he argued that pipelines are the safest way to transport oil. He called for a network of pipelines to be created all over the country. Moore added that the president has been calling for investment in infrastructure and that pipelines would not cost the taxpayers anything.

Next Orgel moved to prospects for tax reform and asked whether 2015 would finally be the year. Moore said the Republicans want to do "something big" and predicted that 2017 would be the time for major reform, but business reform might occur this year.

In response to a viewer's question on the Dodd-Frank Act, Moore said he is not an expert, but he made the case for community banks to be favored over "too big to fail" banks, and he suggested this issue could get attention in the upcoming Congress. Another caller followed with a question about what she called the Citigroup amendment that rolls back some regulation of derivatives. Moore responded that he opposed bank bailouts. He warned that the Federal Housing Administration (FHA), Fannie Mae and Freddie Mac are back to offering mortgages with only 3 percent down and a full federal guarantee, which contributed to the 2008 episode of the ongoing financial crisis.

Orgel played a clip of House Speaker John Boehner, R-Ohio, talking about possible legislation to repeal or roll back Obamacare, listing reform of the medical device tax, the Independent Payment Advisory Board and the individual mandate as possible targets.

Moore had a list of his own as he attacked provisions that require coverage at workplaces that have 50 or more employees working 30 hours per week, provisions he said damage the economy by creating incentives for employers to cut jobs and hours. He also called for flexibility in the law that would allow young people, for example, to obtain cheaper coverage that reflects their lower risk.

(Archived video can be found here.)

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Robert-Feinberg
Heritage Foundation Chief Economist Stephen Moore appeared on C-SPAN's Washington Journal Dec. 28 to discuss issues of interest to conservatives in the 114th Congress that will be convening after the turn of the year, with emphasis on issues related to the economy.
Orgel, Moore, Congress, Republicans
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2014-53-29
Monday, 29 Dec 2014 07:53 AM
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