As the Obama Administration’s allies are gearing up to spend $125 million over the next five years to sell the health overhaul law to the public, including seniors, there has been a noticeable vacuum in the discussion over the impact on younger adults. This topic was in the spotlight at a recent event sponsored by the CATO Institute: “How Will Obamacare Affect Young Adults?” While the President received one of the largest margins of support from 18-29 year old voters during the 2008 election, there is growing skepticism over the …
The United States has the second highest corporate tax rate of any of the 30 countries in the Organization for Economic Cooperation and Development (OECD) – a collection of the most economically developed countries in the world. The federal rate is 35 percent. Add on the average state corporate income tax and United States businesses pay a top rate over 39 percent. This is just below Japan which has a rate slightly over 39.5 percent. The average corporate income tax rate in the OECD is about 25 percent. The United …
[youtube]http://www.youtube.com/watch?v=vvHPTq3L4Y4[/youtube] David Goldhill is President and CEO of the Game Show Network and has run numerous businesses during his career. When his father died of a hospital-borne infection two years ago he began researching the entire U.S. health care system, analyzing it with the keen eye of a businessman. What he learned is that intermediaries like insurance companies, Medicare and Medicaid distort a system that is supposed to provide health care to individuals into one that serves faceless and, largely, uncaring bureaucracies. Case in point: 100,000 people die every year in America …
Under the government-proposed public health plan, “people will involuntarily lose their coverage and will be bled into the new plan,” said Heritage’s senior policy analyst for health care Nina Owcharenko at yesterday’s Blogger Briefing. “They expect they would have their private insurance plans competing with the public plan but at the end of the day the public plan will be the last one standing,” she said. Owcharenko explained that the legislative process isn’t moving at the rapid pace once anticipated. So far, the Kennedy-Dodd bill is still incomplete. The House has introduced …
If you need another reason to not let bloated government run wild, watch this video and read this paper: …the federal civilian workforce has become an elite island of secure and highly paid workers, separated from the ocean of private-sector American workers who must compete in today’s dynamic economy. [youtube]http://www.youtube.com/watch?v=Myo6dqSp8EE[/youtube]
The Cato Institute sought to make clear where they and the world’s smartest economists stand on the Pelosi-Reid-Obama Debt plan by running a full page ad in the New York Times, Washington Post and other major newspapers this week that includes 200 signatures from major economists who oppose the stimulus: Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we do not believe that more government spending is a way to improve economic performance. More government spending by …
