Republicans are celebrating what they say is the repeal of ObamaCare, legislation that has been in their crosshairs for several years. Many pundits are skeptical, among them healthcare expert Michael Cannon of Cato. “House Republicans went behind closed doors and emerged with a bill that does not repeal the core provisions of ObamaCare, and therefore cannot begin to repair … Continue reading Scholar: GOP Healthcare Bill Is Not Repeal—It Is ObamaCare-lite (or Worse)
Category: Economy
The Republican-controlled House vote to “repeal Obamacare” – if that is what this was – was a stunning mess. Did they get it right? The answer is obviously no, and that’s inevitable. Just imagine a bill that sets out to reorganize any industry that is currently mostly market driven, such as shirts, software, groceries, or … Continue reading This Is Why Government Shouldn’t Be Involved in Health Care
When we discuss international trade and balance of payments, there are two types of accounts. There is the current account, which includes goods and services imported and exported and receives the most political attention. In 2016, the American people imported $479 billion worth of goods and services from Chinese producers, and we sold $170 billion … Continue reading US Trade Deficit With China Is Not a Big Problem. Here’s Why.
For Americans hitting the drive-thru at their local McDonald’s, a $15-an-hour minimum wage could hit them in their wallets. According to a January report released by James Sherk, a former research fellow in labor economics at The Heritage Foundation, fast-food prices would rise by 38 percent under a $15-an-hour minimum wage and cause a 36 … Continue reading In 1 Chart, What Your Favorite Fast-Food Items Would Cost With $15 Minimum Wage
I want tax cuts. I support tax cuts. I relish tax cuts. I like tax cuts because I’m a curmudgeonly libertarian and I think people should have the first claim on the money they earn. I like tax cuts because I’m an economist and we’ll get more growth if penalties on productive behavior are reduced. … Continue reading If Trump Were Serious about Tax Cuts, He’d Be Serious about Spending Cuts
Jenny Craig can’t arrest you if you miscount your calories, but the federal government could if a new calorie-counting rule takes effect. The U.S. Food and Drug Administration’s “Nutrition Labeling of Standard Menu Items in Restaurants and Similar Retail Food Establishments” (79 FR 71155) rule is scheduled to take effect on May 5. The 105-page … Continue reading FDA May Make Too Many Pizza Toppings a Crime
EDINA, Minn.—An in-home caregiver named Edison is supposed to live in a unit on the seventh floor of the Cedars of Edina apartment complex, according to a list supplied by the state government. “We scrolled through the electronic directory where the names are listed alphabetically. There is no one listed here named Edison,” @workerfreedom’s Matt … Continue reading Union caught committing fraud again in decertification vote
In another move to free up domestic energy supplies, President Donald Trump signed an executive order Friday aimed at lifting the Obama administration’s offshore drilling restrictions. For decades, bad policies have blocked access to America’s abundance of domestic resources, yet America has still managed to be a global energy leader. Trump’s executive order, “Implementing an … Continue reading Trump Opens Doors on Oil Exploration, but Deeper Reforms Still Needed
We’ve heard about the alleged “wage gap” between men and women, but what about the real pay gap between private and public sector employees? An updated report from the nonpartisan Congressional Budget Office shows there is a growing gap between the compensation earned by federal and private employees with the same qualifications. After accounting for differences in … Continue reading Here’s a Pay Gap Worth Being Concerned About
Whether it's WalMart, Safeway, CVS, or any other kind of local or national retail chain, the norm nowadays is for customers to swipe loyalty or "customer care" cards during checkout. Membership is a way for customers to accrue purchasing points, receive email alerts about future buyer discounts, and most often reduced prices on certain goods … Continue reading “Buy American, Hire American” Is Anti-American
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