Video: How Corporate Tax Credits Got Into the ‘Cliff’ Deal

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The “fiscal cliff” legislation passed this week included $76 billion in special-interest tax credits for the likes of General Electric, Hollywood and even Captain Morgan. But these subsidies weren’t the fruit of eleventh-hour lobbying conducted on the cliff’s edge — they were crafted back in August in a Senate committee, and they sat dormant until the White House reportedly insisted on them this week.

The Family and Business Tax Cut Certainty Act of 2012, which passed through the Senate Finance Committee in August, was copied and pasted into the fiscal cliff legislation, yielding a victory for biotech companies, wind-turbine-makers, biodiesel producers, film studios — and their lobbyists. So, if you’re wondering how algae subsidies became part of a must-pass package to avert the dreaded fiscal cliff, credit the Biotechnology Industry Organization’s lobbying last summer.

Some tax lobbyists mostly ignored the August bill “because they thought it would be just a political document,” one K Streeter told me. “They were the ones that got bit in the butt.”

Here’s what happened: In late July, Finance Chairman Max Baucus announced the committee would soon convene to craft a bill extending many expiring tax credits. This attracted lobbyists like a raw steak attracts wolves.

Former Sens. John Breaux, D-La., and Trent Lott, R-Miss., a pair of rainmaker lobbyists, pleaded for extensions on behalf of a powerful lineup of clients.

Read more from this story HERE.

Video: Federal Judge Rules EPA Overstepped Authority Trying to Regulate Water as Pollutant

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RICHMOND, Va. – Virginia officials scored a key victory Thursday in their battle with the Environmental Protection Agency over what EPA critics describe as a land takeover.

U.S. District Judge Liam O’Grady in Alexandria ruled late Thursday that the EPA exceeded its authority by attempting to regulate stormwater runoff into a Fairfax County creek as a pollutant. O’Grady sided with the Virginia Department of Transportation and the Fairfax County Board of Supervisors, which challenged EPA’s stormwater restrictions.

“Stormwater runoff is not a pollutant, so EPA is not authorized to regulate it,” O’Grady said.

Attorney General Ken Cuccinelli says the ruling could ultimately save Virginia taxpayers more than $300 million.

An EPA spokesman could not be reached for comment after business hours.

Read more from this story HERE.

Video: Life-Size Flying RC Superman Startles Southern California Beach Goers

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A life-size model Superman has been flying up and down southern California’s coast line, startling beach goers.


The nearly-adult sized custom-made Superman looks surprisingly lifelike as it flies a through the air.

It is apparently a remote controlled-craft that has ingeniously hidden a propeller somewhere in the model.

To keep it aloft and rigid, it was likely handcrafted from ultralight materials.

At the end of the video, the model rockets nearly straight up.

Take a look at the fascinating video:

Video: Mark Steyn: Biden-McConnell Fiscal Cliff Negotiation ‘Deeply Embarrassing,’ ‘A Mark of Shame’

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(DC) On Fox News Radio’s “Kilmeade & Friends” on Wednesday, National Review columnist Mark Steyn expressed strong dissatisfaction with the process that led to Tuesday’s fiscal cliff agreement.

“I think it ought to be deeply embarrassing to any developed society that 300 million people are sitting there on Monday, and they don’t know what their tax rates are going to be on Tuesday,” Steyn said. “That’s the mark of shame.”

Steyn, the author of “After America: Get Ready for Armageddon,” told host Brian Kilmeade that the fiscal cliff negotiations resembled a scene from the Soviet Union.

Read more from this story HERE.

Video: Krauthammer Calls Fiscal Cliff Deal ‘Complete Surrender’ by Republicans

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On Tuesday’s broadcast of Fox News Channel’s “Special Report,” Washington Post columnist Charles Krauthammer speculated that House Majority Leader Eric Cantor might try to replace John Boehner as speaker of the House.

“It’s possible this is the prelude to a challenge Thursday to Boehner’s leadership by Eric Cantor,” Krauthammer said. “I think that would be quite naked to do it at this late hour, as a result of this split over the vote. Look, there are a lot of conservatives in the Republican caucus in the House who hate the bill — and for good reason. I mean, this is a complete surrender on everything. The ratio of tax cuts — of tax hikes to spending cuts — is 40 to 1, rather than 1 to 1 or 1 to 2 or 1 to 3. So, I mean it’s a complete rout by the Democrats. So it’s understandable.”

Krauthammer said that if the House rejects the Senate fiscal cliff bill, Republicans should start over with a clean slate in the new Congress.

Read story from The Daily Caller HERE.

Rep. Darrell Issa: Senators Who Voted For ‘Fiscal Cliff’ Compromise Were Drunk (+videos)

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By Igor Volsky. House Oversight Committee Chairman Darrell Issa (R-CA), who is joining a growing number of Republicans trying to add more spending cuts to the last-minute fiscal cliff deal and send it back to the Senate, joked that Senators may have been drunk when they passed the measure in the early hours of Jan 1.

Responding to a question on CNN’s The Situation Room about why fiscal hawks like Sen. Pat Toomey (R-PA) supported the measure in the Senate, Issa implied that the 89 senators voted for the compromise because of the late night partying in celebration of the New Year. Read more from this story HERE.

According to this pundit, Senators could point accusatory fingers directly back at house leadership on the drinking issue:

Video: Ruling Class on Track to Destroy Middle America in 2013

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It’s time for us in the middle class to get smart – the debt is going to destroy us. And both parties are making sure of this.

I met with Senator Tom Coburn two weeks ago. He suggests that the American experiment could collapse within the next two years. Why? Because the debt bomb is going to explode and destroy every dollar you and I own.

Who suffers? The middle class. We will be destroyed and along with us, the Republic.

Will our millionaire federal masters get real in 2013? Probably not.

Video: Egyptian Democracy Activist Says ‘President Obama Needs to Stop Supporting the Muslim Brotherhood’

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Egyptian democracy activist Michael Meunier says President Barack Obama needs to stand up to the Muslim Brotherhood in Egypt.

Meunier, a Coptic Christian, is head of the Al Haya Party in Egypt and leader of the U.S. Copts Association. After spending many years studying and working in the United States, Meunier returned to Egypt in 2007 and ultimately participated in the Tahrir Square protests that brought down the regime of Hosni Mubarak in 2011.

On Dec. 19, in between round one and two of voting on Egypt’s recently passed constitution, Meunier visited The Daily Caller to discuss what he sees going on in the Muslim Brotherhood-dominated Egypt.

“What we have now is a fascist, Islamist regime that has no respect human rights, no respect for international opinion. Mubarak at least respected international opinion,” he said. “Under Mubarak there was a lot of corruption, but there was no religious fascism … [There was a] difficult life for Christians in Egypt as well, but there was law and order.”

Read more from this article HERE.