EDITORIAL | Reed’s Vote for AHCA Bad for District

The American Health Care Act is a misguided piece of legislation that, if enacted, could result in the loss of health care for tens of millions, increased premiums for the elderly, reduced protections for those with pre-existing conditions (encompassing everything from asthma to pregnancy to cancer to prior sexual assault), and signal the return of lifetime limits and reductions in employer coverage. This is a bad bill for America, and a bad bill for New York’s 23rd Congressional District.

EDITORIAL: Capt. John Plumb for Congress

Tomorrow, millions of Americans will vote. A significant number of Cornellians are casting absentee ballots for their home state (and for those who haven’t yet, this is a gentle reminder to get those in soon), but students registered in Ithaca will vote in a congressional election that has become as contentious as the Clinton-Trump face-off. Democratic challenger Navy Captain John Plumb is vying with incumbent Congressman Tom Reed (R-N.Y.) to represent New York’s 23rd congressional district in the House of Representatives. Although the vitriol hurled by both campaigns is alarming, Plumb has proven the stronger contender with a platform that would actually support New York residents. One of the first congressmen to endorse Republican nominee Donald Trump, Reed has continually supported misguided, if not dangerous, policies.

Taxes and Pizza

“What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin,” wrote Mark Twain. Those making over $250,000 may soon prefer the taxidermist. President Obama is desperately trying to adhere to his campaign promise of not raising taxes on those earning below $250,000. This is ill-conceived policy that is unsurprisingly supported by congressional Democrats, namely those on the far left of the party. The claim that Americans must pay their fair share is valid, yet our politicians have it backwards. Soaking high earners is both an economic and a political mistake.

Three Steps to Maintain Popular Support for The Bailout

President Obama said something very important and insightful during his address to Congress on February 24th. “We cannot afford to govern out of anger, or yield to the politics of the moment,” was the President’s advice on how Congress and his administration should proceed with stabilizing the financial system. The moral hazard involved in bailing out institutions deemed “too big to fail” is well documented, but the costs of allowing some financial institutions to fail is greater than the costs of using taxpayer dollars to stabilize these institutions. Both the administration and Congress must be wary of growing populist sentiment, because there will inevitably be more money needed to solve the financial crisis.

C.U. Awaits Word On Congressional Earmark Projects

Congress passed the $409.6 billion omnibus appropriations bill last night, approving a number of earmarked spending projects that will be attached to next year’s fiscal budget. The bill — which President Barack Obama is expected to sign into law today, according to Politico — allocates a number of earmarks for Cornell research.
Among them, Cornell hopes receive $2.2 million to begin construction on a Grape Genetics Research Center in Geneva. As of last night, however, the electronic system that charts which projects are included in the bill had not been updated, according to Stephen Johnson, Cornell’s vice president for government and community relations.
“We’re hopeful that [the projects] are in there, but reluctant to say until we can verify,” he said.