By Lou Cannon, State Net Capitol Journal
January 19, 2021
| 12:10 p.m.
Democratic victories in the Senate runoff elections in Georgia have reopened a pathway for federal aid to states and local governments.
These elections produced a 50-50 tie in the Senate, which Vice President Kamala Harris will be able to break in favor of the Democrats after the Jan. 20 inauguration.
“This has increased the likelihood that Congress will pass legislation providing federal assistance” said Erlinda Doherty, director of the budgets and revenue committee for the National Conference of State Legislatures (NCSL).
This bright prospect for the states comes against the backdrop of the impeachment of President Donald Trump in the final days of his presidency.
With regulatory measures to curb it virtually exhausted, the import of industrial raw materials/inputs is picking up, signalling the arrival of nascent economic recovery and widening the trade deficit. Wheat and sugar imports to meet domestic shortages or build strategic reserves are an added factor.
Once again imports, recorded at $5 billion last month, have begun to cater to the domestic demand with no notable progress in import substitution.
Instead, the duties on industrial raw materials are being gradually reduced. The prime minister’s advisor on commerce Abdul Razak Dawood says a study carried out by the ministry shows that when duties on raw materials decrease, industrial activities gain momentum and revenue collection also increases.
Democratic victories in the Senate runoff elections in Georgia have reopened a pathway for federal aid to states and local governments. These elections produced a 50-50 tie in the upper chamber, which Vice President-elect Kamala Harris will be able to break in favor of the Democrats.
“This has increased the likelihood that Congress will pass legislation providing federal assistance,” said Erlinda Doherty, director of the budgets and revenue committee for the National Conference of State Legislatures.
This bright prospect for the states comes against the backdrop of the impeachment of Donald Trump in the final days of his presidency. Democrats accuse Trump of inciting supporters who violently stormed the U.S. Capitol on Jan. 6 in an attempt to prevent Congress from certifying the electoral victory of President-elect Joseph Biden. Five people, including a Capitol Police officer, died.
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