Former House speaker Paul Ryan, who last year joined the rush of high-profile individuals launching special-purpose acquisition companies, is going to work at the private-equity firm he teamed up with in that effort.
Mr. Ryan will join Solamere Capital, a private-equity firm founded by Utah Sen. Mitt Romney’s son Taggart, as well as Eric Scheuermann and Spencer Zwick, as a partner. Solamere, a Boston firm with more than $1 billion in assets, seeks to invest in high-growth companies and help them expand and create jobs, he said.
He was inclined to join the firm because it takes a conservative approach to adding debt to companies in its portfolio and eschews layoffs two things private-equity firms are typically associated with.
Congress is currently considering passing a $1.9 trillion dollar “stimulus package.” Because many Republicans take issue with the bill, Democrats are considering using a mechanism called budget reconciliation to ram the bill through with a simple majority allowing them to pass the bill on completely party lines.
Many Americans are suffering after the economic and social devastation from the coronavirus pandemic and subsequent lockdowns. But will this bill actually provide relief?
The House Budget GOP Committee recently released a graphic detailing how the funds in the proposed bill would be distributed:
Democrats are pushing a bill that will destroy jobs, harm America’s working class, and bailout @POTUS political allies. Less than 9% would go towards crushing #COVID19. pic.twitter.com/PryYArEjGN House Budget GOP (@housebudgetGOP) February 22, 2021
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Source: AP Photo/J. Scott Applewhite
The American Rescue Plan of 2021 may be billed as a COVID relief package but it’s anything but. As The Wall Street Journal reported, the majority of spending goes toward “bailouts for Democratic constituencies, expansions of progressive programs, pork, and unrelated policy changes.” House Minority Leader Kevin McCarthy said only 9 percent of the bill actually addressed COVID-19.
During a news conference on Wednesday, Republicans voiced their opposition to the legislation.
“It’s very simple. We’re here today because Pelosi, Schumer, and Biden decided to use a pandemic to push forward a progressive wish list; items to reward political allies, friends, and donors at the expense of the American working class,” said Republican Rep. Jason Smith, ranking member of the House Budget Committee.
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Q&A with architect of proposal to breach Lower Snake River dams: ‘I’m conservative, and I also value conservation’
Updated Feb 25, 2021;
Posted Feb 25, 2021
FILE - In this May 15, 2019, file photo, the Lower Granite Dam on the Snake River is seen from the air near Colfax, Wash. A Republican congressman has proposed removing four hydroelectric dams in the Northwest, including the Lower Granite Dam, as part of a sweeping plan to save salmon populations and provide aid to farmers and others. (AP Photo/Ted S. Warren, File)AP
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By Charles Coxe, Columbia Insight
When Idaho Congressman Mike Simpson publicly called for breaching four Lower Snake River dams on February 7 as part of his Energy & Salmon Concept, public reaction, it’s fair to say, was shock. And although Simpson certainly heard the swift criticism of his plan, voices as wide-ranging as tribes, environmental groups, energy interests and farmers were quick to praise his proposal for its collaborative