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The Republican New Media Caucus is co-chaired by John Culberson, Robert Wittman, Bob Latta, and Buck McKeon.

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Bob Latta
Buck McKeon
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Less is More

The last place people want the government intruding in their lives in on the Internet. The government needs to “get out of the way and stay out of the way” and let this dynamic economic engine continue to grow and improve.

Amplify’d from www.washingtonpost.com
FCC looks at ways to assert authority over Web access

The Federal Communications Commission is considering aggressive moves to stake out its authority to oversee consumer access to the Internet, as a recent court hearing and industry opposition have cast doubt on its power over Web service providers.

The FCC, which regulates public access to telephone and television services, has been working to claim the same role for the Internet. The stakes are high, as the Obama administration pushes an agenda of open broadband access for all and big corporations work to protect their enormous investments in a new and powerful medium.

Read more at www.washingtonpost.com
 

The Death of American Innovation

Yesterday, congressional Democrats led the effort to pass the "Tax Extenders Act of 2009" which would significantly raise the taxes on profits made by venture capital firms. VC firms are the leaders of innovation by taking on the risks associated with start-up companies. Increasing the taxes of this vital industry of economic growth will only further place our ... read more

Amplify’d from blogs.wsj.com
Venture Capital Dispatch
An inside look from VentureWire at high-tech start-ups and their investors.

For VCs, Tax Hike Threatens Innovation, But Also Fairness

The venture capital industry is engaged in an urgent effort to ward off Congress from significantly increasing the taxes on profits made by venture firms.

The House today voted in favor of the Tax Extenders Act of 2009 that would raise tax rates on carried interest earned by investment managers – including venture firms – to ordinary income rates, or around 35%, from a lower capital gains rate of 15%. While venture firms collect management fees of about 2% committed capital, carried interest - or the profits made when portfolio companies are sold or go public - is the big money maker for VCs.

Read more at blogs.wsj.com