Decision For King Paves Way For More Affordable Health Care Plans, $700 Billion In Taxpayer Savings
The U.S. Supreme Court will soon release its decision regarding King vs. Burwell. A win for King won’t kill the law, but could make it largely unworkable in 34 states. But a win would also mean taxpayers would save an estimated $700 billion from fewer subsidies, and insurance companies may offer limited-benefit plans to help full the coverage gap.
Chaffetz Bill More Dangerous Than Marketplace Fairness Act
A new online sales tax bill introduced today by Congressman Jason Chaffetz (R-Utah) is not only even more harmful than the Marketplace Fairness Act toward small businesses and interstate commerce, but also opens the gates to an unprecedented expansion of taxation and taxpayer harassment by out-of-state tax collectors.
Let The Private Sector Reform Social Security's Disability Program
Social Security's disability program is in poor financial shape, but a new publication explains how a private sector reform, modeled after a program that's been around for nearly 35 years, would provide the disabled and survivors with better benefits while helping remove some of the strain from Social Security.
Giovanetti: HB 40 Positive Step To Uphold Rule of Law in Texas
Requiring that municipalities in Texas stay within state law when it comes to ballot initiatives and referenda is an entirely reasonable requirement, especially since some Texas municipalities have recently acted outside of Texas Law. A bill being voted on today in the Texas Legislature, HB 40, is a positive step toward making sure that rule of law, not majority tyranny, governs municipal rule-making
Drug R&D Costs: $1.7 Billion and Rising
The significant costs of developing new, life-saving drugs and treatments has reached over $1.7 billion per drug over a span of 10-12 years, due to the growing complexity of drugs, bureaucratic red tape and the short length of a drug’s patent life.
Giovanetti: Fast Track Authority for Trade Agreement Good News for U.S. Economy
It’s good news that there appears to be an agreement among Senate leaders for Congress to pursue fast track trade promotion authority, which would revitalize trade negotiations such as the Trans Pacific Partnership (TPP) and other agreements.
Lawmakers Should Uphold Consumer Freedom Against Unreasonable Ticket Sales Restrictions
As venues and ticketing companies attempt to monopolize secondary ticket markets, now is the time for governments to address this issue and act to protect consumers' rights.
Ease The Storage Crunch, Lift Ban On Crude Oil Exports
The U.S. has gone from asking "Where can we get more oil?" to "Where can we put it?" The US can ease the storage crunch and leverage the energy boom to the benefit of the U.S. economy by lifting the export ban on oil and natural gas.
Tax Uncertainty Hurts: Congress Should Not Delay on Section 179
Congress must avoid the mistakes of 2014, when tax uncertainty delivered a harmful blow to the economy thanks to tax policies which were never clarified until the very end of the year, says IPI president Tom Giovanetti in “How Tax Uncertainty Harms Economic Growth.”
Supreme Court Challenge Could Incite Obama-Abbott Stand Off Over State Exchange
The U.S. Supreme Court will hear the second biggest legal challenge to Obamacare on Wednesday, and a victory for freedom will likely lead to significant political pressure on 37 states to cave to Obamacare pressure. Texas Governor Greg Abbott will be one of the targeted 37 governors.