Stop me if you've heard this one before: the latest House Financial Services and General Appropriations bill would prohibit the FCC from enforcing net neutrality regulations until a court case against them is decided. And that's not all! The bill would also prohibit the FCC from regulating cable rates and from liberating you from the set-top boxes cable corporations force you to rent. Last year, we only got a block on net neutrality regulations; clearly the House wants to throw so much feces against the wall that we won't be able to bleach it all out. But we don't negotiate with Congress; we express our will and they do our will, and I can't imagine that the American people's will is to be less free on the internet and to be stuck with absurdly-high cable prices and one overpriced set-top box for all eternity. So Free Press helps you tell Congress to reject any appropriations bills that would undermine the FCC's good works on the people's behalf, including their net neutrality rules. I guess we ain't been loud enough. But we'll get loud enough, because that's all that ever helps us.
Meanwhile, CREDO helps you tell President Obama to use the Treasury Department's authority to close the notorious "carried interest" loophole for bankster hedge fund managers. As you may recall, the "carried interest" loophole essentially allows hedge fund managers to pay taxes at the top capital gains rate (23.8%) rather than at the top income tax rate (39.6%), and we really should tax hedge fund manager income at the latter rate, since it is, you know, income. Congress was notoriously reluctant to pass legislation closing the loophole even when Democrats had a near-stranglehold on the House and the Senate -- but now President Obama is apparently mulling doing so, which would apparently entail redesignating hedge fund managers as "service providers" rather than as their clients' partners. Closing this loophole would raise a little over $1.5 billion annually, which doesn't sound like much in the context of a $4 trillion annual federal budget, but a little goes a long way if you spend it right. And you'd have a hard time arguing that hedge fund managers perform an important function in this economy, when mostly they just help executives bleed their corporations dry.