Press Releases

With an excess of supply stalling a recovery in the U.S. housing market, U.S. Senators Charles E. Schumer (D-NY) and Mike Lee (R-UT) announced today that they will offer a bipartisan proposal to boost demand for homes by luring foreign investors to purchase residences and live in the U.S. The concept is part of a broad immigration package aimed at boosting foreign travel and investment in the United States.

Today, Senator Mike Lee will offer a motion to keep 2012 spending levels on certain appropriations at 2011 levels. Submitted as a motion to recommit on the “minibus” spending bill – which funds areas in agriculture, transportation, and commerce, among others – Senator Lee’s motion would save tax payers $10 billion next year.

In a recent letter to Department of Interior Secretary Ken Salazar, several members of Congress wrote in protest of the Secretary's proposed a one million acre withdrawal of mining rights. The members stated the withdrawal has nothing to do with protecting the Grand Canyon environment but is actually ‘de facto wilderness’ for a region that conservationists previously agreed would remain accessible to the mining industry. The Interior Department’s own environmental study on the proposed withdrawal found ‘no conclusive evidence’ that modern-day mining operations in this area are harming the Grand Canyon watershed.

Today, Senator Mike Lee submitted legislation that would create millions of new jobs and inject $1 trillion into the American economy by significantly reducing the excessive tax on repatriated assets. Sen. Lee’s proposal would permanently lower the tax rate for businesses from 35% to 5% on money earned overseas and brought back to this country.