TR Daily covers the column in the Huffington Post. Here is the text:
TV SPECTRUM COMPENSATION BLASTED
J.H. Snider, president of iSolon.org, said in a column in “The Huffington Post” today that President Obama should amend his jobs legislation proposal so TV broadcasters don’t get the bulk of incentive auctions revenue for returning their channels. “Specifically, the president should explicitly state how much of the auction proceeds will go to the public,” Mr. Snider wrote. “He should encourage the Congressional deficit reduction super committee to close the many spectrum loopholes in government laws designed to prevent giveaways of public assets. And given the Federal government’s demonstrated facility in conducting spectrum giveaways below the public radar, the president should propose accounting and other procedural reforms to reduce the incentives for such institutional corruption among his staff.” Meanwhile, Senate Majority Leader Harry Reid (D., Nev.) said today the Senate will consider the American Jobs Act this month but that he won’t let Republicans force an up-or-down vote on the measure, as Senate Minority Leader Mitch McConnell (R., Ky.) attempted to do by moving to tack it onto another measure. Also today, the Congressional Budget Office released its cost estimate for the American Jobs Act (S 1549), including an estimate of the net revenues that would be realized by Treasury as a result of spectrum auctions. From 2012 to 2021, spectrum auctions would return $15.794 billion to the Treasury.