The Robin Hood Tax, properly called the Tobin Tax, is being resurrected by two Democrats to raise money under the guise of helping to stimulate the economy.

With Ron Paul’s bill H.R. 459, the Federal Reserve Transparency Act, headed for a floor vote in the House in the next two weeks (and likely success at passage with 263 sponsors), he and his son Sen. Rand Paul (R-Ky.) are now focusing on the Internet. 

His Campaign for Liberty (C4L), started in 2008 with some four million dollars of campaign funds from his unsuccessful run for the White House that year, has issued its manifesto to continue the fight: “The Technology Revolution: A Campaign for Liberty Manifesto.”

Senator Rand Paul (R-Kentucky) has proposed legislation to force Senators to read bills before they vote on them.

Battling over a transportation bill that now also addresses student-loan interest rates, congressional lawmakers are scrambling to appease their constituents in a legislative boondoggle littered with election-year politics. Aimed for final passage this week, the legislation intends to extend federal highway funding, prevent new student-loan interest rates from doubling, renew and revise federal flood insurance, and a slew of other provisions.

If Congress does not reach a decision by Saturday, the federal government’s ability to administer road, mass transit, and other transportation-related programs will be vanquished, along with its authority to impose the gasoline taxes that subsidize most of those programs.


The Pension Benefit Guaranty Corporation is underwater by $26 billion. But a small premium increase will fix things up just fine. When the Pension Benefit Guaranty Corporation (PBGC)’s president, Josh Gotbaum, announced that the bankruptcy of AMR (the parent company of American Airlines) wouldn’t impose additional demands on PBGC’s already flimsy financial statement, his relief was nearly audible:

It is great progress and good news that American recognizes that can reorganize successfully and preserve its employees’ pension plans.

We’re also glad the company is willing to work with us to preserve their pilots’ plan too.