Newsletter

It’s been more than a month since Congress passed the horrifically bad Inflation “Reduction” Act, and we are still licking our wounds about the defeat.   This law is purely political and is terrible policy—both in its severe threats to pharmaceutical innovation and in further expansion of government health programs that will leave people with worse coverage and taxpayers with a bigger … [Read more...] about Be Undaunted

House Republican Members of Congress have been working since early last year on their “Commitment to America” recommendations to strengthen the economy, keep us safe, advance freedom, and make government accountable. The proposals are being released this morning at an event in Monongahela, Pennsylvania, with Leader Kevin McCarthy and other House leaders. This is an important effort to … [Read more...] about A New Commitment

Health insurance premiums are expected to soar next year, driven both by higher costs across the economy but also by government fueling the fires with massive new subsidies.  The Wall Street Journal reports that “Requested rate increases for the small group market in Florida range from about 4% to almost 12%. In New York, insurers are requesting rate increases for plans that range … [Read more...] about Making It Worse

With so much turmoil in the U.S., it is heartening to see the near universal appreciation for “Elizabeth the Good” after more than 70 years of “restraint, duty, grace, reticence, persistence.”  RealClearPolitics’ Carl Cannon quotes a tweet noting that: “If you're starting a new job today and intend to match Queen Elizabeth’s work longevity, you'll have to keep working there … [Read more...] about The Quintessential Queen

Step by step, for nearly 70 years, liberals have been marching the United States toward government-controlled health care, and the Schumer-Manchin bill is another giant stride. COVID provided the opening for Congress to enhance and expand Obamacare subsidies for two years, and the bill the House will begin considering this morning would extend them for three more years. So much for a temporary … [Read more...] about Marching toward Socialism

So just to review, the big government tax-and-spending bill—called the “Inflation Reduction Act of 2022”—which is on the brink of passing the Senate would: Fuel inflation and increase taxes during a recession; Add $728 billion in federal spending—about a billion a page for the bill; Beef up the IRS with tens of thousands of new agents going after American taxpayers; Decimate research into … [Read more...] about Gangster Negotiations

The tax and spending package that Sen. Joe Manchin now has blessed is even more destructive and inflationary than the first placeholder version. The confiscatory taxes on the pharmaceutical industry are still there, along with big subsidies for Obamacare insurance for middle-income people, big spending on green energy, and new taxes on businesses during a recession—all shockingly bad … [Read more...] about A Much Worse Bill

Well, a “slimmed down” version of Build Back Better may not be a slam dunk after all. The current deal would involve slapping innovation-killing price controls on the pharmaceutical industry to shovel more money into Obamacare.  But new information from the Congressional Budget Office (CBO) and Joint Economic Committee (JCT) could give the key player—West Virginia Sen. Joe … [Read more...] about Fueling inflation with BBB