370 Commerce & Housing Credit

#57
Let the Postal Service Eliminate Saturday Mail Delivery

The USPS is in trouble. As the Internet has grown, the amount of mail sent by Americans is inexorably shrinking, leading to losses in the billions. Unless the organization is comprehensively reformed, it will fail, leaving the U.S. taxpayer to pick up the pieces. Congress, however, is impeding the Postal Service’s ability to reform its … Continue reading Let the Postal Service Eliminate Saturday Mail Delivery

#58
Cut Universal Service Subsidies

The Universal Service Fund (USF) was created in 1996 to replace a system of implicit subsidies administered by telephone companies. Run by the Federal Communications Commission (FCC) through the Universal Service Administrative Corporation, the program is financed by a dedicated fee paid by all telecommunications service users. The program funds a number of subsidy programs, … Continue reading Cut Universal Service Subsidies

#59 to #63
Eliminate Five Corporate Welfare Programs in Commerce Department

The International Trade Administration (ITA) serves as a taxpayer-financed sales department for selected businesses, and promotes the U.S. as an investment destination.1 Businesses should market and sell their own products without using tax money, and foreigners need little help understanding that the U.S. market is worth entering through investments. The ITA also enforces various, mostly counterproductive, … Continue reading Eliminate Five Corporate Welfare Programs in Commerce Department

#64
Repeal the Corporation for Travel Promotion

More commonly known as Brand USA, the Corporation for Travel Promotion is a public-private partnership that promotes international travel to the U.S. and is administered by the Department of Commerce.1  Funding comes from the private sector and local governments, and is matched by federal funding up to $100 million. Federal funds come from a fee … Continue reading Repeal the Corporation for Travel Promotion

#65
Reform the Securities and Exchange Commission

The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. These are important goals. However, over the past 10 years, the SEC budget has increased by 60 percent, 26 percent faster than the government as a whole, about a third faster than the economy, and over … Continue reading Reform the Securities and Exchange Commission