Ronald Reagan famously said: “We could say [Democrats] spend money like drunken sailors, but that would be unfair to drunken sailors. It would be unfair, because the sailors are spending their own money.”  With Democrats looking like they may lose control of the Senate this year, Finance Committee Chairman Ron Wyden (D-OR) just announced he will introduce a bill to bring back a $65 billion honey pot of special interest tax breaks that expired on December 31st. The Democrats’ desire to increase spending in an election year is sure to antagonize Republican deficit hawks in the House of Representatives.  But the Democratic Senatorial Campaign Committee (DSCC) through January has been winning the battle for campaign cash by raising $18 million from friends for the 2014 midterm elections. Congress let 55 popular business and personal tax breaks expire on December 31, 2013 as part of the 2014 budget battle. Tax credits for business have never been...(Read Full Post)