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    How the Obamacare "Honor System" Will Encourage Fraud

    Earlier this month, the Obama Administration—in a 600-plus page regulation—announced that for 2014, Obamacare insurance subsidies will essentially operate on the “honor system.” This will create incentives for fraud, as some applicants may report an income that is actually lower than their true income in order to qualify for the … More

    This Just In: Obamacare Distorts Markets

    A working paper recently published by the National Bureau of Economic Research (NBER) evaluated the effect of a large disenrollment in the Medicaid population in Tennessee. The results of this paper are not unexpected: People who value health care will find a way to obtain it. In the case of … More

    States Expand Welfare Drug Testing

    Governor Sam Brownback (R–KS) signed a law last month that requires drug screening for Kansas recipients of Temporary Assistance for Needy Families (TANF). It joins Arizona, Florida, Georgia, Missouri, Oklahoma, Tennessee, and Utah as states with laws requiring some form of substance screening for welfare recipients. A 2007 study by … More

    Effective Marginal Tax Rates: A Growing Discussion

    Did you notice how your paycheck shrank in January? The expiration of temporary payroll tax cuts boosted marginal tax rates about two percentage points for most Americans. That might not be a very large number on its own, but taken together with the full range of government policies affecting workers … More

    Lesson for Warren Buffett: British Millionaires' Response to Tax Increases

    As the fiscal cliff approaches, Congress and President Obama continue to debate tax increases, even though spending is the problem. Investor Warren Buffett recently opined that tax hikes on the wealthy would not curtail investments or hurt the economy. His logic, like President Obama’s, assumes that incentives don’t matter. Oh … More

    Capitalizing on the "99 Percent" (VIDEO)

    Some months ago, President Obama famously announced: “You didn’t build that.” The “context” of that quote remains controversial. The White House claims that Obama simply meant that nobody can succeed in business unless government first provides things, including infrastructure and education. That’s arguable. Big government, after all, tends to throw … More

    Bloomberg and Obama Misrepresent Tax Hikes on Small Business

    In the recent presidential debate, President Obama said that only 3 percent of small businesses would pay higher rates under his plan to increase the top two marginal tax rates. The implication was that job creation wouldn’t suffer, because so few businesses would pay higher tax rates under his plan. … More

    Secretary Chu’s $10 Million Fiasco

    During a hearing last week of the Energy and Natural Resources Committee, Wyoming Senator John Barrasso (R) asked Energy Secretary Steven Chu a seemingly simple question: “(D)o you think a $50 light bulb is affordable for American families?” “No, absolutely not,” Chu replied. Well, if that’s the case, why did … More

    Electric Cars Slide Over for New Gas-Powered Cars

    No matter how hard the government tries, it just won’t ever be as effective as the free market is in satisfying consumer demand. Want proof? Take a look at what the federal government is doing to lure people into buying more expensive, less convenient plug-in electric cars. Since little demand … More