A New Day for Accountability in Stimulus Plan

Amid the Democrats’ boostering and the Republicans’ assaults on the final stimulus package, almost no one is focusing on a key part of the bill that will be critical to making it work: accountability for how that $787 billion is spent. In fact, a look at the final bill reveals More…

Senate Bill Provides More TARP Oversight

Apparently not convinced that the Wall Street bailout law goes far enough to ensure the money is well spent, Sens. Max Baucus (D-Mont.) and Charles Grassley (R-Iowa), both leaders on the Senate Finance Committee, introduced legislation today that would force companies accepting taxpayer money under the Troubled Assets Relief Program More…

GAO: Many Bailout Recipients Operating in Tax-Haven Countries

Want to lower your taxes and maybe get a bailout?

Incorporate.

The Government Accountability Office released a report today indicating that 83 of the 100 largest U.S. corporations — including many that are benefiting from Washington’s many taxpayer-funded bailouts — operate subsidiaries in countries known to be tax havens. Additionally, More…

Senate Bill Would Return Taxpayer Dollars from Iraq to U.S.

Remember that GAO report from a few weeks back revealing that: 1) Iraq’s oil revenue surplus could reach $50 billion this year and 2) roughly $10 billion of the $43 billion Washington has appropriated for Iraq reconstruction remains unspent?

Well, Sen. Byron Dorgan (D-N.D.) wants the money back. And More…