Posts tagged Congressional Budget Office
GOP revives rule allowing lawmakers to target federal agencies, staffers
January 12, 2023 // The rules package House Republicans approved late Monday includes a provision allowing lawmakers to reduce or eliminate federal agency programs and to slash the salaries of individual federal employees. Called the Holman Rule, the measure was proposed in 1876 but was sparingly used until it was reinstated by Republicans in 2017 and then dropped by Democrats two years later. In theory, it could apply to any federal worker or agency — but for now the move is seen as mostly symbolic, as the Democratic Senate could block Republicans from using the provision.
What’s next for staffer unions on the Hill?
November 1, 2022 // Staff for another five members — all Democrats — have filed petitions with the Office of Congressional Workplace Rights to hold elections. Since the initial eight offices filed petitions when they were first allowed to in July, only two more have done so — staff for Reps. Dina Titus of Nevada and Sean Casten of Illinois. If all form unions, around 100 House staffers out of 9,100 will be represented by the Congressional Workers Union.
Biden’s Abuse of Power Causes CBO to Raise Cost Estimate of Private Pension Bailouts by $4.5 Billion
October 18, 2022 // The Congressional Budget Office released a report on Sept. 30 that says President Joe Biden’s changes to the rules of a recent taxpayer bailout of select private union pension plans will add $4.5 billion in costs, bringing the taxpayers’ tab to $90.4 billion over the 2022-2032 period. And that’s likely just the tip of the iceberg. Ordinarily, $4.5 billion in additional spending as a result of administrative action would elicit scrutiny and challenges. After all, Congress—not the administration—has the powers of the purse, and the Biden administration’s Pension Benefit Guaranty Corporation has directly altered the law passed by Congress.
Union Takes Credit For Biden Forgiving Unlimited Student Loans For Teachers — One Teacher Wrote Off $450,000
September 12, 2022 // In a Labor Day message, union president Randi Weingarten said the union’s lobbying — which was also a leading cause of keeping schools closed due to coronavirus — was also responsible for the giveaway, which largely benefited the union’s members. The union played a role in helping elect Joe Biden. “We worked directly with the Biden administration on the latest PSLF fixes and the recent game-changing announcement on student debt cancellation.
Congress’ Vote on Delphi Pensions Bailout Shows Problem With Putting Unions Above Law
July 28, 2022 // Congress is set to vote this week on HR 6929 to retroactively bail out the pensions of about 20,000 former Delphi auto-parts employees who had their pensions reduced beginning in 2009. This proposed bailout, the Susan Muffley Act of 2022, is different in a number of ways from the recent no-strings-attached $97 billion bailout of about 250 select union pension plans, but it highlights the problem of lawmakers putting powerful unions above the law and requiring taxpayers to pay for their wrongdoing. Delphi Salaried Retirees Association, Bruce Gump, James Sherk, Todd Zywicki, Auto Bailout or UAW Bailout? Taxpayer Losses Came From Subsidizing Union Compensation,
Opinion: Biden’s pension ‘guarantee’ stretches the law to bail out unions
July 15, 2022 // “PBGC has, after this further review of the statute, additional consultation with its Board agencies [Treasury, DOL, and, Commerce], consideration of comments, and extensive actuarial modeling, determined that an alternative interpretation… is reasonable and more likely to result in the [taxpayer funds] an eligible plan receives being sufficient for the plan to pay full benefits through 2051.” There is no limiting principle on the spending of taxpayer money if agencies can disregard the law with the hope no one has the standing to obtain judicial review. PBGC’s rationale that the American Rescue Plan’s goal to keep plans going through 2051 justifies overriding the statute to change the interest rate would also justify illegally pumping additional billions into plans if they run out of money before 2051, which is exactly what President Biden “guaranteed” on Wednesday. The bailout will cover only a small fraction of the $757 billion of underfunding in the plans. More than 95 percent of the system’s 11 million participants are in plans less than 60 percent funded. Why not also ignore the law’s eligibility criteria and bailout other plans? Chevron v Natural Resources Defense Council, Majority Leader Charles Schumer
Sanders’ pro-union budget committee hearing shows Democrats’ true agenda
May 6, 2022 // Ranking Member Lindsey Graham’s (R-S.C.) observation during the hearing was exactly correct — under Sanders’s direction, the Senate Budget Committee has taken a dangerous and partisan turn. Instead of focusing on issues under jurisdiction, Sanders would prefer to use his chairmanship as a bully pulpit to push a pro-union agenda and target companies he dislikes for purely political reasons.
Bernie Sanders Announces Wasteful, Politicized Senate Budget Hearing
May 5, 2022 // In reality, this hearing is designed to paint a single company in a bad light and gin up momentum for the nascent Amazon Labor Union (ALU). By any fair measure, this hearing is outside the Budget Committee’s jurisdiction and is part of a government-wide effort to expand organized labor’s power at the expense of American workers.
Biden’s Proposed Davis-Bacon Act Reforms Are More Pork for Special Interests
March 11, 2022 // “While ABC is still reviewing the 432-page rule, it appears the DOL missed an opportunity for meaningful Davis-Bacon reform. For example, the proposed rule reverts back to 1983 regulations that do not result in actual prevailing rates, as required by statute. Reversing course by 40 years is not modernization. Instead, it is even worse public policy catering to special interests embedded in the Biden administration that benefit from the broken status quo.
SOTU address shows Biden favors unions and spurns workers
March 6, 2022 // Instead of focusing on policies that would help Americans deal with runaway inflation, Biden doubled down on Big Labor’s wishlist. No matter what organized labor is selling, implementing a $15 minimum wage alongside the PRO Act would be a doomsday scenario for American workers.