executive action

Will Obama Issue Executive Action on Cap-and-Trade?

Inhofe. (Photo By Bill Clark/CQ Roll Call)

The Obama administration is refusing to make his final year in office as uneventful as Republicans would like. In fact, lawmakers expect executive action on everything from terrorist detention to campaign finance to environmental issues.  

One possibility is an executive action setting up a carbon cap-and-trade system, says Senate Environment and Public Works Chairman James M. Inhofe, R-Okla. President Barack Obama "has legacy things and he doesn’t have as much time as he would like to have,” Inhofe said in an interview. “Cap-and-trade and closing Gitmo, those are the things he wants to do.”  

Durbin, Reed, Warren Seek Executive Action to Combat 'Inversion'

Warren is among Democrats urging the president to take executive action on corporate inversions. (Tom Williams/CQ Roll Call File Photo)

A trio of liberal Senate Democrats want President Barack Obama to make use of his "pen and phone" to cut down on corporate "inversions."  

In a new letter, Sens. Richard J. Durbin of Illinois, Jack Reed of Rhode Island and Elizabeth Warren of Massachusetts seek executive action to reduce or eliminate tax preferences that come along with the business practice, in which a U.S. company will acquire an overseas company and then be based in the foreign country, at least on paper. The practice has increased in popularity as a tax-avoidance strategy.