What Bastiat Thinks Of 30 Companies Paying More for Lobbying Than in Taxes

Yesterday I wrote about the fact that 30 companies in American paid more for lobbying than they did in taxes. I wrote:

It’s wrong because we have a federal government that has it’s finger in every possible pie it can get into, forcing the pie maker to spend money to protect themselves. Rather than expanding the business with that money, the business finds it necessary to instead get a politician to fight to protect their business.

It’s also wrong because often, the business isn’t as innocent as that above paragraph and have politicians working to enact legislation that not only protects their business, but hurts their competition.

I knew I had read this somewhere before. I thought it was in Steve Forbes’ book, How Capitalism Will Save Us, and it may have been. However, r/libertarian reminded me of where I originally read this. The Law by Frederic Bastiat, who wrote more clearly and more concisely when he said:

“As long as it is admitted that the law may be diverted from its true purpose — that it may violate property instead of protecting it — then everyone will want to participate in making the law, either to protect himself against plunder or to use it for plunder.”

That’s exactly why these companies paid more for lobbying than in taxes. If you have not read The Law, you can get a free pdf here and a Kindle copy here for under a buck. I personally recommend the audio book. It’s very well done.

In fact, it’s time for me to re-read it.

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Gov. Brewer Gets In Obama’s Face: Good or Bad? – Updated w/ Video

Doug Mataconis doesn’t think this picture of Gov. Jan Brewer’s exchange with the president is going to go over well, but I couldn’t disagree more. Brewer is already a hero to a majority of conservatives who want more governors to stand up the Obama’s arrogance.

Here’s the photo and the story from Drudge:

President Obama arrived in Phoenix at 3:15 pm local time, finding the chilly weather of Iowa giving way to sunny skies and temperatures in the high 60s.

He stepped off Air Force One at 3:28 pm and was greeted by Gov. Jan Brewer. She handed him a handwritten letter in an envelope and they spoke intensely for a few minutes. At one point, she pointed her finger at him.

Afterwards, your pooler spoke with the governor.

“He was a little disturbed about my book, Scorpions for Breakfast. I said to him that I have all the respect in the world for the office of the president. The book is what the book is. I asked him if he read the book. He said he read the excerpt. So.”

Asked what aspect of the book disturbed him, Brewer said: “That he didn’t feel that I had treated him cordially. I said I was sorry he felt that way but I didn’t get my sentence finished. Anyway, we’re glad he’s here. I’ll regroup.”

On the letter, she said it was personal letter asking him to sit down with her to discuss the “Arizona comeback.”

She said she “reiterated an invitation that I’ve extended to him before with regards to coming to arizona and going to the border with me.” She said she would take him to lunch.

“We’ve had a remarkable comeback here and I want to share that with him.”

She said the president brought up the book.

I don’t know how this hurts her. Liberals don’t like her anyway and conservatives are going to eat this up like candy. From my perspective, that’s a campaign poster:

Hopefully she doesn’t go all Joe Wilson on us and apologize for standing up to him.

Video added:

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Obama’s Bakken Boon to His Billionaire Buddy Buffett

When President Obama killed the Keystone XL pipeline, a lot of people assumed he was simply trying to appease the eco-Marxist wing of the base. But when you stop and think about that idea, it’s really quite unbelievable. After all, were the environmentalists suddenly going to start voting Republican?

Would they vote for Newt, Mitt, Rick or Dr. Paul? Unlikely.

So what other reason was there? The official reason is the State Department didn’t have enough time to study the impact of the pipeline after the Republican House issued a deadline in February. They said the needed to look at the impact the pipeline would have on the Ogallala aquafier.

That’s a great line, that is if you don’t know about this:

That is a map of all the pipelines already criss-crossing the oh-so-fragile aquifer.

So then what gives? Why did he kill the plan?

Consider this. The increase in oil production in America is in spite of Obama, not because of him. Oil production on federal land in down 40 percent sense Obama took office. The increase is coming from areas like North Dakota. And 75 percent of the oil out of that area is transported by Burlington Northern Santa Fe railroad.

And guess who owns that…

That’s right, the Oracle of Omaha, Warren Buffett, who can’t get enough of everything Obama. Do you sense any crony capitalism afoot here?

Yeah, me too. Investor’s Business Daily noticed this back in November:

Rail shipments accounted for up to 65,000 of the nearly 343,000 barrels of oil produced daily in North Dakota in December. That percentage is likely to increase.

Many of the rail shipments from the Bakken fields are being handled by BNSF Railway Co., which has more than 1,000 miles of tracks in the region.

Michael Bruce, the railroad’s business development director, said BNSF could ship up 730,000 barrels of crude daily out of North Dakota “contingent on facilities being built.”

North Dakota pumped a record 113 million barrels of oil in 2010. State officials estimate the state will produce 700,000 barrels daily in four to seven years.

Not only is BNSF shipping oil out, but construction and drilling materials in. BNSF says each drill rig and new well site in North Dakota require about two dozen railcars of materials for construction.

Without the Keystone XL Pipeline, those railcars are going to be filled to capacity into and out of North Dakota. And we all know that trains never derail, right?

John Heyward at Human Events points to an Associated Press article that also noted the connection between Buffett and the Keystone XL, specifically the perils of transporting oil by rail versus pipeline:

Amusingly, a spokesman for the Sierra Club admitted “there is no question that [transporting] oil by rail or truck is much more dangerous than a pipeline,” but that didn’t stop the zero-growth eco-fanatics from calling in their chips with President Downgrade to kill that pipeline.

It also completely destroys the premise that the pipeline was killed for environmental reasons, leaving the reason for killing it as being either another way to help drive up the price of gasoline and push people to buy fuel efficient cars, or as a boon to his billionaire buddy.

I’m leaning towards the latter. What about you?

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Sign Government Is Too Big: 30 Companies Paid More for Lobbying Than in Taxes

In 2011, there were 30 companies that spent more money lobbying the federal government than they did in taxes. This is a giant red flag showing the dangerous size of the federal government:

All of the companies were profitable at the time. In spite of this, and the massive federal budget deficit, 29 out of the 30 companies featured in the study managed through various legal tax-dodging measures to pay no federal income taxes at all from 2008 through 2010. The lone exception, FedEx (FDX), paid a three-year tax rate of 1%, nowhere near the 35% called for by the federal tax code.

In fact, the report explains, the 29 companies that paid no tax actually received tax rebates over those three years, “ranging from $4 million for Corning (GLW) to nearly $5 billion for General Electric (GE).” The total value of the rebates received was nearly $11 billion; combined profits during the same period were $164 billion.

The amounts spent on lobbying ranged from $710,000 by Intergrys Energy Group to $84 million by General Electric. Others that spent heavily on lobbyists were PG&E (PCG), Verizon (VZ), Boeing (BA) and FedEx. It all added up to a total of almost half a billion dollars — $476 million — over three years. Or, as the report notes, “in other words, roughly $400,000 each day, including weekends.”

Everyone who reads this knows it’s wrong. But why is it wrong?

It’s wrong because we have a federal government that has it’s finger in every possible pie it can get into, forcing the pie maker to spend money to protect themselves. Rather than expanding the business with that money, the business finds it necessary to instead get a politician to fight to protect their business.

It’s also wrong because often, the business isn’t as innocent as that above paragraph and have politicians working to enact legislation that not only protects their business, but hurts their competition. Why do you think these businesses on the list paid so little in taxes? They were able to lobby the government to protect them from tax expenditures.

In order to change this, the federal government has to withdraw itself from the free market. As long as the federal government continues to stick its nose in where it doesn’t belong, there will be a businessman there to give the people in it money to protect their interests.

Think about it. A business is sitting there, minding its own business (no pun intended), making some money when suddenly a politician shows up and says, “Hey, this business sector needs some regulation.” So now, the business has to hire people to go to the politician’s office and say, “Look here, see. We don’t need regulation. We’re doing fine.”

Then they have to spend money on whatever else is involved in lobbying, like setting up an office is necessary, business lunches and drinks. You know, business as usual after the government gets involved.

If the government weren’t it attempting to influence or control certain parts of the market, the market wouldn’t have to spend so much to corral it.

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3rd Annual “Help Me Get to CPAC” Begathon Still Needs Your Help

Just a reminder that I’m trying to raise a little loot to pay for my way and the expenses to go to CPAC this year. So far, I’ve raised $25. That came from my brother.

I’m trying to get $800.

If you can afford to buy me a coffee at McDonald’s, which runs a buck, please instead donate that to my CPAC fund. That way I can bring back great interviews like this one with Speaker Newt Gingrich:

Click below to donate:

 

Thanks.

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Live Blogging The State of the Union

Live-blogging the State of the Union tonight.  It’s starting in a second…

 

At 8:08 pm CDT, Duane Lester said...

Obama is making his way in.  I don’t remember him being announced.  Everyone just started clapping.

At 8:11 pm CDT, Duane Lester said...

I think the president just handed some 8×10 glossies of himself to Biden and Boehner.

At 8:12 pm CDT, Duane Lester said...

This generation has made this country safer and more respected around the world, and I did my best to prevent that.

At 8:14 pm CDT, Duane Lester said...

Obama is pushing the military hard in this speech, saying the government should follow their example of teamwork and focus.

At 8:16 pm CDT, Duane Lester said...

Class warfare on display in the Congress, Obama brought enough for everyone. #SOTU

At 8:19 pm CDT, Duane Lester said...

Touting the number of jobs created in the last 22 months? How many jobs were never created because of uncertainty?

At 8:20 pm CDT, Duane Lester said...

I will work with anyone in this chamber, as long as they do exactly what I want. #SOTU

At 8:21 pm CDT, Duane Lester said...

When I took office, the car industry was in the crapper. Now, Chevrolet is on fire. Well, at least the Volt is.

At 8:23 pm CDT, Duane Lester said...

Obama really sounds like Tony Robbins tonight.  Nothing against Tony Robbins.  Obama just sounds like he’s selling something tonight.

At 8:25 pm CDT, Duane Lester said...

Let’s start fixing the tax code.  First, let’s scrap the whole system and start with a flat tax. Just kidding, let’s just raise them.

At 8:27 pm CDT, Duane Lester said...

Obama announced new agency to focus on overseas markets.  Great more government.

At 8:29 pm CDT, Duane Lester said...

Here comes the community college speech again. Think he realizes it was the private sector that helped the CC, not the government.

At 8:31 pm CDT, Duane Lester said...

My wife and I personally raised the standards of my children’s education. We decided to homeschool. #SOTU

At 8:33 pm CDT, Duane Lester said...

How can you talk about improving education without addressing the Teacher’s Unions? #SOTU

At 8:34 pm CDT, Duane Lester said...

Now he wants the federal government to force the states to keep kids in school until they graduate, or turn 18? Federalism anyone? #SOTU

At 8:35 pm CDT, Duane Lester said...

Bemoaning the cost of higher ed? Perhaps he should look at the connection between government loans and the cost of education. #SOTU

 

At 8:39 pm CDT, Duane Lester said...

Holy cow! Obama is going to talk about energy? What about Keystone?

At 8:40 pm CDT, Duane Lester said...

Fact:  Oil production on federal land has decreased 40% on federal land under Obama.

At 8:41 pm CDT, Duane Lester said...

The increase in oil production hasn’t be because of Obama, but in spite of. #SOTU

At 8:42 pm CDT, Duane Lester said...

Because of our dedication to new energy, 1,000s of people have jobs…except for those working at Solyndra. #SOTU

At 8:44 pm CDT, Duane Lester said...

Why do we need clean energy tax credits when Obama’s handing out billions in loans? #SOTU

At 8:46 pm CDT, Duane Lester said...

The Navy will use biofuels, even if it is more a gallon than the regular fuel they were using before. Cost isn’t important. #SOTU

At 8:49 pm CDT, Duane Lester said...

We need smart regulations to prevent irresponsible behavior, because the market doesn’t do that already. #SOTU

At 8:52 pm CDT, Duane Lester said...

I don’t care about any of this. Honestly. Where does Obama stand on the Terry Schiavo case? #SOTU

 

Blah, blah, blah…more empty campaign rhetoric from the Campaigner in Chief.  He’s now talking about wanting Warren Buffett to pay the same tax rate as his secretary.  Well, pass a flat tax then.

He won’t.

He’s saying what he thinks voters want to hear, not what he’ll do if re-elected.

I’m done with this.  Later

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Pelosi Once Again Hints At Secret Info on Newt

This is an incredible statement made by former Speaker of the House Nancy Pelosi:

John King, CNN: “You make your case there passionately for President Obama. But also understand that this is a tough reelection climate for any president, Democrat or Republican in this economy. Because of your history with Speaker Gingrich, what goes through your mind when you think of the possibility, which is more real today than it was a week or a month ago, that he would be the Republican nominee and that you could come back here next January or next February with a President Gingrich?”

Rep. Nancy Pelosi: “Let me just say this. That will never happen.”

King: “Why?”

Pelosi: “He’s not going to be President of the United States. That’s not going to happen. Let me just make my prediction and stand by it, it isn’t going to happen.”

King: “Why are you so sure?”

Pelosi: “There is something I know. The Republicans, if they choose to nominate him that’s their prerogative. I don’t even think that’s going to happen.”

Last time she said something like this, Newt was apoplectic.  What is it she thinks she knows?

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Planned Parenthood Research Arm Declares Abortions Safer Than Giving Birth

Turns out, the All American Wife and I have been living on the dangerous side, what with us actually delivering babies instead of cutting them up and scooping them out.

I mean, someone could have died:

The researchers on the new study combined government data on live births and pregnancy- and abortion-related deaths with estimates on legal abortions performed in the U.S. from the Guttmacher Institute, which conducts sexual and reproductive health research and education.

Dr. Elizabeth Raymond from Gynuity Health Projects in New York City and Dr. David Grimes of the University of North Carolina School of Medicine, Chapel Hill, found that between 1998 and 2005, one woman died during childbirth for every 11,000 or so babies born.

That compared to one woman of every 167,000 who died from a legal abortion.

GREAT SCOTT!

How many babies died during live child birth vs. an abortion? Hmmm, funny. They didn’t seem to study that.

Odd.

Just so you know, the “unbiased” Guttmacher Institute is anything but unbiased.

The Center was originally housed within the corporate structure of Planned Parenthood Federation of America (PPFA). Its program, however, was independently developed and overseen by a National Advisory Council separate from the PPFA Board of Directors. Its early development was nurtured by Alan F. Guttmacher, an eminent obstetrician-gynecologist, teacher and writer who was PPFA’s president for more than a decade until his death in 1974. The Center was renamed in Dr. Guttmacher’s memory, and the Guttmacher Institute incorporated as an entirely independent nonprofit policy research institute with its own Board in 1977.

So, we have Reuters taking the “research” of a group that originates from Planned Parenthood, a business that makes a majority of its money from abortions, research that says abortion is safer than actually having the child, and they report it as fact.

It’s as if they were in cahoots.

Did anyone ask this illustrious organization about any dangers outside of death? I mean, the research was on which was safer, and they only focused on death? What about these side effects of abortion:

Anticipated side effects following an abortion:

The following is a list of side effects that are frequently experienced following an abortion. It is possible that you may experience these side effects for up to 2 to 4 weeks following the procedure.

  • Abdominal pain and cramping
  • Nausea
  • Vomiting
  • Diarrhea
  • Spotting and Bleeding

Potential more serious complications following an abortion.

Although serious complications only occur in less than 1 out of 100 first trimester abortions and approximately 1 out of every 50 late term abortions; it is important to know the possible risks:

  • Heavy or persistent bleeding
  • Infection or sepsis
  • Damage to the cervix
  • Scarring of the uterine lining
  • Perforation of the uterus
  • Damage to other organs
  • Death

They also didn’t seem to look at the psychological impacts of an abortion vs. a birth?  How many women have committed suicide after an abortion?  How many women have suffered from severe depression?

Given the bias of the organization and the narrow focus of the “study,” I’d say this whole article was less informative and more activist.

What do you think?

Hat Tip:  Free Republic

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Liberal Logic: Voter ID Edition (Comic)

I was inspired by this post at Mental Recession and this tweet from Seton Motley. So I made a comic about it.

Then I thought, this would be a good comic for my version of the “Reaction Guys.” So I made this one:

After all, why is it racist to point out that there are more people on food stamps than ever before, including 30 percent of black people in America, but it’s not racist to say that black people are too poor to afford a government ID and would be disenfranchised by voter ID laws?

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Mitt Paid Over $6 Million in Taxes, Liberals Still Want a “Fair Share”

Mitt released his tax returns today, showing last year he paid $6.2 million in taxes:

Republican presidential candidate Mitt Romney released tax records on Tuesday indicating he will pay $6.2 million in taxes on a total of $42.5 million in income over the years 2010 and 2011.

Bowing to increasing political pressure to provide more detail about his vast wealth, the former private equity executive released tax returns indicating he and his wife, Ann, paid an effective tax rate of 13.9 percent in 2010. They expect to pay a 15.4 percent rate when they file their returns for 2011.

Romney’s tax rate is below that of most wage-earning Americans because most of his income, as outlined in more than 500 pages of tax documents, flows from capital gains on investments.

Under the U.S. tax code, capital gains are taxed at 15 percent, compared with a top tax rate of 35 percent for wage earners.

The focus isn’t on the fact he paid more taxes in one year than most Americans will pay in who knows how long. No, the left, as I predicted, is putting the focus on the percentage of what he pays, as you can see from the Huffington Post quote above.
As I said earlier in the month:

Now you tell me, which carries more weight:


or

Mitt should have controlled this as best he could from the beginning, by emphasizing the amount he paid, not the percentage.

Then he could ask incredulous liberals and reporters, “Are you saying that one person paying over $6,000,000 a year isn’t enough? How much do you want?”

I suppose he could still try, but he put the focus on percentages from the beginning.

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1000 Days Without a Budget (Videos and Song)

The United States Congress has not passed a budget in the past 1000 days. Why not?

Harry Reid has had better things to do in the DEMOCRAT CONTROLLED Senate:

A commenter on YouTube makes a good point, which I emphasized in all caps above:

Dear Heritage, you need to modify your video by identifying WHO controlled the Senate (every time you say the word, “Senate.” “…the DEMOCRAT controlled Senate….” This is where we lose our message. We assume everybody is informed like us and know who controls the chamber, but people are very misinformed. This video is great, but should point out the GOP took only xx number of days to pass a budget when they took BACK control of the house in 2011. Thanks for reading.

Exactly.

Speaker John Boehner put out a video about the 1000 day mark also:

Not to be left out, the guys at Misfit Politics made this little soon to be Top Ten hit:

Misfit Politics- 1000 Days (Without Passing a Budget) by Just as Good as Ezra

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Jennifer Rubin Has No Idea What Mainstream America Thinks

The debate last night would have bored people who love snore-fests. Mitt was declared the winner, but it really didn’t matter. No one can be influenced when they are put to sleep.

Newt’s usual debate performance was absent also, and today he is blaming it on the prohibition on applause:

In an interview with the morning show “Fox and Friends,” Mr. Gingrich said NBC’s rules amounted to stifling free speech. In what has become a standard line of attack for his anti-establishment campaign, Mr. Gingrich blamed the media for trying to silence a dissenting point of view.

“I wish in retrospect I’d protested when Brian Williams took them out of it because I think it’s wrong,” Mr. Gingrich said. “And I think he took them out of it because the media is terrified that the audience is going to side with the candidates against the media, which is what they’ve done in every debate.”

Honestly, I don’t recall any answers from Newt that warranted any standing ovations. But the, with the questions that were asked, it was difficult to get excited about them. Not one question about abortion on the day of the March for Life. Not one question about the TSA on the day a sitting US Senator is detained by the TSA. Not one question on Fast and Furious.

But at least we know where the candidates stand on the Terry Schiavo situation.

Perhaps Newt should have called out Brian Williams et al. for their lack of focusing on what is really affecting the American citizens rather than what they will do if Fidel Castro dies while they are president.

If he had, that would have inspired someone to cheer.

This ban on cheering is yet another reason to vote for Romney, according to Jennifer Rubin, who has never strayed from the Romney camp and has no clue what is in the minds of the average American:

There are, of course, bigger problems with selecting Gingrich based on his debating skill. In a general election, his bread-and- butter — attacking elites and especially media elites — will be useless. Moreover, his incendiary rhetoric about liberals, judges, the president and just about everything else will be a burden and not an asset.

Completely clueless.

A majority of Americans think the media in America is too liberal. Conservatives are tired of candidates who stand and take it rather than fight back against a system clearly bias against them.

American is a conservative country. They are tired of liberalism being forced upon them, whether it’s in the elementary schools or in the court room. They are just as tired of activist classrooms as they are of activist courtrooms.

And in what world would incendiary rhetoric about a political opponent be a burden? In a world where the political opponent has the entire media in his pocket, willing to spin whatever Newt says into a racist “dogwhistle?”

Newt could just attack that as well, because people are tired of being called racist for whatever they do and also want someone willing to stand and say, “ENOUGH!” Someone who will point fingers and say, “You’re part of the problem, and here’s why!”

That’s why Newt gets cheered. He’s what happens after someone says, “I’M MAD AS HELL AND I’M NOT GOING TO TAKE IT ANYMORE!”

I have never been a Newt supporter, but given what I have seen from him in the debates, I would be more willing to support someone willing to take a brickbat to the accepted practice of misinformation, overt bias in the media and character assassination than I would someone who was willing to tolerate it. I love it when Newt says, “This is what you are doing and here’s why it won’t work.”

I would enjoy watching Newt shuffle through the media constructs and Obama’s empty Marxist rhetoric like Godzilla walking through downtown Tokyo. And I think a majority of Americans would as well.

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Supposed Earmark Watchdog Claire McCaskill Nominated for CAGW “Porker of the Year”

Google “Claire McCaskill earmarks.”

You will find links to stories showing a one woman crusade against earmarks, including this gem, which states:

As one of the most fiscally-responsible State Auditors ever to serve the people of Missouri, Claire McCaskill earned a reputation as a tireless fiscal watchdog over Missouri state government. Since 2007, McCaskill has been making good on her pledge to deliver that same fiscally-disciplined, sharp-pencil approach to the federal government as United States Senator from Missouri.

McCaskill Has Never Requested an Earmark. Sen. McCaskill has never requested a single earmark during her time serving in the U.S. Senate. [Citizens Against Government Waste]

The ironic think is, the same Citizens Against Government Waste McCaskill quotes has just nominated her for 2011 Porker of the Year:

CAGW named Sen. McCaskill its September Porker of the Month for suggesting that the United States Postal Service (USPS) could solve its financial problems by starting a new ad campaign. At a September 6, 2011 hearing, Sen. McCaskill stated, “I really believe that if somebody would begin to market the value of sending a written letter to someone you love, you might be surprised [by] how you could stabilize first-class mail.”

Yep, that’s my Senator.

I also think it’s important to take notice of the disingenuous veneer on her “war on earmarks.” While she might not have requested one, she didn’t try to stop these:

On March 23, 2007, McCaskill voted against an amendment to block the inclusion of earmarks in a spending bill.

* On October 18, 2007, McCaskill voted to protect a $2 million earmark to honor Rep. Charles Rangel with a public policy center, a conference center and a library.

* On October 23, 2007, McCaskill voted to kill an amendment to strike $3.7 million in earmarks for the AFL-CIO.

* On March 13, 2008, McCaskill voted against an amendment to redirect over $2 million in earmarks for Berkeley, CA, to the Marines.

* On March 4, 2009, McCaskill voted to preserve earmarks associated with the PMA Group, a corrupt lobbying firm.

* On March 4, 2009, McCaskill voted against an amendment to kill 11 earmarks, which included $200,000 for tattoo removal in California, $1.8 million for manure management research in Iowa and $3.8 million to preserve part of the old Detroit Tigers stadium.

* On March 19, 2009, McCaskill voted against an amendment to kill earmarks for a birthday party in Florida, historic shipwreck exploration and a study of Alexander Hamilton’s boyhood estate in the Virgin Islands.

Congratulations on the nomination, Claire. You earned it.

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