Business & Economy
Wallace to Verschoore: Repeal the Amazon Tax PDF Print E-mail
News Releases - Business & Economy
Written by Jonathan Wallace   
Tuesday, 01 November 2011 09:52

Rock Island, IL...Yesterday, the Illinois Policy Institute released a statement calling the Amazon Tax “all pain, no gain.” The group released a YouTube video featuring local businessmen Mike Martin and Jonathan Wallace. Wallace, founder of NoCollarMedia.com, and candidate for State Representative in the Illinois 72nd criticized his opponent Pat Verschoore on the “Amazon Tax.”

Wallace is specifically referring to the affiliate nexus law, voted for by State Representative Pat Verschoore earlier in 2011, and signed by Governor Pat Quinn. The law is commonly called the Amazon Tax. The controversial law shifts the complex burden of sales tax collection from individuals to out-of-state retailers who have no physical presence in Illinois. As a result, Amazon and Overstock.com decided to cut ties with business affiliates, thereby driving businesses to Iowa and surrounding regions.

“I think this law is a flashing neon sign to new startups and young entrepreneurs that you aren’t welcome in Illinois,” said Wallace. “My opponent is an advocate of raising taxes, creating burdens for an already challenging small business environment. Illinois has the potential to be the next Silicon Valley but that potential is continually squandered by politicians like Verschoore.”

Wallace continued to discuss the economic impact that this law has on Illinois businesses and jobs, “This is just another part in the entire exodus of the state,” referring to small businesses who are leaving or are looking to leave Illinois due to new taxes being imposed and an unfavorable policy environment.

Jonathan Wallace is a candidate for the Illinois State Representative in the 72nd District. Jonathan is a small businessman, entrepreneur, former Township Trustee, and serves as an advisor for State Representative Rich Morthland.

The link to the YouTube video can be found here:

http://www.youtube.com/watch?v=_d3mzePWxPQ&feature=relmfu

The link to the Illinois Policy Institute brief can be found here:

http://illinoispolicy.org/news/article.asp?ArticleSource=4480

For more information, visit http://www.jonathanwallace2012.com or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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Braley Questions DOT as Mexican Trucks Hit US Highways PDF Print E-mail
News Releases - Business & Economy
Written by Jeff Giertz   
Tuesday, 25 October 2011 13:37

Braley has long opposed program allowing Mexican trucks to enter and operate in United States 

 

Washington, DC – Today, Rep. Bruce Braley (IA-01) wrote US Secretary of Transportation Ray LaHood, urging him to explain what steps the US Department of Transportation is taking to ensure Mexican trucks operating in the United States are doing so safely.  Mexican trucks are being allowed to operate freely in the United States for the first time starting today under an agreement announced by the US DOT in July.

“Allowing this program to continue puts US drivers at danger and threatens American jobs,” Braley said.  “Mexican truck safety standards don’t even compare to ours, and letting tens of thousands of potentially unsafe Mexican trucks onto our highways poses a threat to American drivers.  Allowing thousands of Mexican workers to operate trucks in the US takes jobs away from American workers.

 

“At the very least, Mexican trucks in this program should be held to the same standards as American trucks.”

 

For years, Braley has worked to stop programs allowing Mexican trucks and drivers to enter the US despite not being held to the same safety standards.

Earlier this year, Braley introduced the Protecting American Roads Act to block the US Department of Transportation from allowing Mexican trucks into the United States.

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Sunshine Act for doctor payments implementation delayed PDF Print E-mail
News Releases - Business & Economy
Written by Grassley Press   
Tuesday, 25 October 2011 11:59
Wednesday, Oct. 19, 2011

Sen. Chuck Grassley of Iowa today made the following comment on the Centers for Medicare and Medicaid Services’ (CMS) continued delays in implementing the Physician Payment Sunshine Act (Sunshine Act), a new law requiring public disclosure of the financial relationships between physicians and the pharmaceutical, medical device and biologics industries.

“It’s disappointing that the agency is going so slowly on this issue.  Of all the undertakings for CMS, this seems like one of the most straightforward tasks.  The law was enacted a year and a half ago, and the legislation was pending for a long time before that.  It wasn’t a surprise.  I’ll continue to look for CMS to get this done sooner rather than later.”

The Sunshine Act requires manufacturers to report all payments to physicians, including consulting fees, honoraria, travel and entertainment, and for the Department of Health and Human Services (HHS) to publicly disclose the identity of the manufacturer, physician, and the drug or device associated with the payment on the Internet. Additionally, the law requires manufacturers and group purchasing organizations (GPOs) to report all ownership or investment interests held by physicians or members of their family, and for making that information public. The law required the federal government to establish guidance on how manufacturers submit information and how the information would be made available to the public no later than Oct. 1, 2011.

After CMS missed the deadline, Grassley and Sen. Herb Kohl wrote to the agency, asking for a description of the status and reason for delay.  The senators asked for a written response by Friday, Oct. 14.  So far, no written response has been forthcoming.

Grassley and Kohl’s Oct. 3 letter to the agency is available here.  In November 2010, Grassley and Kohl urged HHS to issue guidelines to companies in anticipation of the Sunshine Act’s implementation.  Details are available here.

Kohl is chairman of the Senate Special Committee on Aging and Grassley is ranking member of the Senate Judiciary Committee and formerly was ranking member and chairman of the Committee on Finance.  They sponsored the Physician Payment Sunshine Act, which became law as part of the health care overhaul enacted last year.

 

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Harkin Welcomes Social Security Increase for Iowa Seniors PDF Print E-mail
News Releases - Business & Economy
Written by Sen. Tom Harkin   
Tuesday, 25 October 2011 11:54
WASHINGTON, D.C. – Senator Tom Harkin (D-IA) today issued the following statement upon learning that the Social Security Administration announced a 3.6 percent increase in benefits next year.  Harkin has been supportive of efforts in Congress to provide additional support to beneficiaries.

“Seniors in Iowa and around the country have seen the price of everything rise – from a gallon of gas to a gallon of milk to the costs of their prescription drugs.  This increase in their Social Security benefits will help bridge the gap between these rising costs and the benefits seniors so rightly deserve.  It also reminds us of the vital importance of Social Security to American seniors.  We must do all that we can to keep our promise to them by maintaining and strengthening Social Security for today’s seniors and generations to come.”

 
Populist Caucus Urges Vote on Chinese Currency Manipulation Crackdown PDF Print E-mail
News Releases - Business & Economy
Written by Jeff Giertz   
Tuesday, 25 October 2011 11:50

Braley and Populists urge Boehner to allow vote on Currency Reform for Fair Trade Act

Washington, DC – Today, Rep. Bruce Braley (IA-01) joined the vice-chairs of the House Populist Caucus to urge House Speaker John Boehner and Majority Leader Eric Cantor to allow a vote on legislation cracking down on Chinese currency manipulation.

The Currency Reform for Fair Trade Act would allow the United States to put new duties on goods imported from countries with undervalued currencies, like China.  Economists say that China’s efforts to keep the value of its currency artificially low give it an unfair advantage in trade by keeping the costs of is exports artificially low.

“This is about making sure American businesses and manufacturers are on a level playing field with China,” Populist Caucus Chair Bruce Braley said.  “For years, China has kept the price of its exports low by artificially keeping the value of its currency low.  American workers can’t compete when the deck is stacked against them.  It’s time to get tough on job-killing Chinese currency manipulation.  American workers can compete with the Chinese if they play by the same rules we do.”

 

On October 11th, the Senate passed the Currency Reform for Fair Trade Act by an overwhelming bipartisan margin of 63-35.  The House would likely approve the legislation, but Speaker Boehner and Majority Leader Cantor are preventing the bill from being brought up for a vote.

Braley and the Populist Caucus vice-chairs made their request in a letter that can be downloaded at the following link: http://go.usa.gov/9oE

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