Yes, yes, July 4 is when we officially celebrate American independence, commemorating the day 56 men…
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Happy July 2: "The most memorable Epocha in the History of America"

Yes, yes, July 4 is when we officially celebrate American independence, commemorating the day 56 men pledged their lives, fortunes, and sacred honor for the cause of liberty. But John Adams for a moment believed the more momentous occasion was July 2, when the delegates of the Continental Congress cast the fateful vote to draft the Declaration of Independence that would sunder America’s ties with Great Britain. Adams, along with Benjamin Franklin and Thomas Jefferson, formed the drafting committee.

Those were heady days, the culmination of years of argument, abuse, and violence, with plenty more to come. Adams, standing at the center of history, took time to take stock and convey his thoughts to his beloved wife Abigail in two letters he wrote the morning and evening of July…[more]

July 02, 2015 • 05:40 pm

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Living Social(ist): Alerting America to Dumb Government Policies Print
By CFIF Staff
Thursday, September 02 2010

Act Now: Congress and Obama Want Preferential Tax Treatment for Foreign-Owned Energy Producers

CFIF has released a Living Social(ist): Bad Deal Alert, a new take on the trendy deal-of-the-day email coupon services exploding in popularity across the country. Instead of offering half-priced chocolate spa baths or $1 admissions to your local petting zoo, we highlight a truly foolish idea currently being considered by President Obama and Congress.

This particular "coupon" – which is being offered to foreign, mostly state-owned energy producers like Hugo Chavez’s Citgo – calls attention to a dubious new tax hike in the president’s proposed 2011 budget. It’s a great deal for foreign competitors as it would double-tax domestic oil and gas producers on money earned overseas, leaving foreign-owned companies with a competitive advantage in the marketplace. Plus, it comes with the added benefit of limiting America’s access to energy resources that fuel our economy, provide 9 million domestic jobs and ensure our access to affordable energy. 

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We hope this humorous take on a serious issue will inspire readers to join CFIF in opposing this job-killing proposal.

Remember, by doing away with the credit for dual capacity taxes for America’s oil and gas industry, Congress and the president would effectively be handing jobs, revenue and investment to foreign and mostly state-owned oil companies in Venezuela, China and the Middle East. And it would reduce America’s energy independence and security, while raising energy prices for American families.   

Contact your representatives in Congress now. Tell them “NO” to preferential tax treatment for foreign oil, “NO” to changes in the dual capacity tax laws. 

And, please help us spread the word by sharing this with your friends, colleagues and family members.

Question of the Week   
How many U.S. national holidays have been established by Congress?
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Quote of the Day   
 
"When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the Powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation…[more]
 
 
—The Declaration of Independence, In Congress, July 4, 1776
— The Declaration of Independence, In Congress, July 4, 1776
 
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