In this episode of the Heartland Institute’s weekly Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway talks with Nelson J. Rockefeller Institute of Government director of fiscal studies Don Boyd about a new study examining how the assumptions and gimmicks public pension boards use to fund pensions are affected by investment risks, and how those risks affect taxpayers and government employees.
In a free-market economy, people have healthy incentives to work and save, to form businesses and invest, to explore, innovate and invent, in these and other ways “to truck and barter.” The incessant desire of man to do better, whether through profit or achievement or goodness, when governed by the rule of law, leads to a progressive society.
In this episode of The Heartland Institute’s weekly Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway talks with Mercatus Center at George Mason University’s State and Local Policy Project scholar Adam Millsap about a new study ranking each US state’s financial health, based on factors such as short- and long-term debt, fiscal obligations, unfunded pensions and entitlement spending.
In this episode of The Heartland Institute’s weekly Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway talks with Mercatus Center at George Mason University Spending and Budget Initiative program manager Adam Michel about a new study on which he collaborated, about how the U.S. tax code is holding back the nation’s prosperity-building power, and how common-sense tax reforms could unleash the nation’s economic beast and make America great again.
A recent report published by the Government Accountability Office (GAO) — a nonpartisan government agency providing auditing, evaluation, and investigative services for Congress — found federal agencies, such as the U.S. Department of the Treasury, are spending increasingly large amounts of taxpayer money maintaining information technology (IT) computer systems from the 1950s and 1960s.
Peter Ferrara, senior fellow for entitlement and budget policy at The Heartland Institute, joined Michael Hamilton on the Health Care News Podcast to explain why and how the Sessions-Cassidy proposal would result in better, more affordable health care for 100 percent of Americans than the Affordable Care Act has been able to provide for only about 67 percent of Americans.
Why have prices fallen so low? Because government subsidies created a glut – and the market is flooded. This government money warps and distorts the marketplace – as otherwise productively-directed time and effort is instead spent chasing the government coin. Producers produce not what the marketplace needs – but for what the government pays.
In this episode of the weekly Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway talks with Buckeye Institute for Public Policy Solutions criminal justice fellow Daniel Dye about criminal justice reform, debunking some of the myths around this new idea.
Austin voters have approved a ballot referendum to regulate peer-to-peer transportation network companies such as Lyft and Uber, forcing the companies to suspend service in a city otherwise known for its forward thinking and friendliness toward innovation.
The missed payment, due on May 1, was just another scene in the slow-motion train wreck that has been termed “Puerto Rico’s economic crisis,” but to call the territory’s status a “crisis” understates the severity of the problem. Over 12 percent of the workforce in Puerto Rico is unemployed, and one out of every four employed Puerto Ricans works for the government, instead of contributing to the territory’s economy.
The world is threatened with a renewed wave of anti-capitalism and anti-business sentiments and policies. Many who cheered the demise of Soviet communism in the early 1990s, presumed that this meant that, by default, the case for free markets and competitive enterprise had won in the battle of ideas. Over the last twenty-five years it has become clear that the same misguided arguments against free market capitalism constantly reemerge, like an ideological vampire waiting to rise from the intellectual grave and drain market freedom of its lifeblood by more government regulations and controls.
In this episode of the weekly Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway talks about the U.S. Food and Drug Administration new “deeming regulations” for electronic cigarettes, which require e-cigarette manufacturers to submit their products through an arduous federal approval process.
Medicaid expansion is an expensive endeavor that many critics believe does not provide better or more affordable health care. Many of the expansion plans that states are now considering use federal dollars to expand their Medicaid programs to a larger portion of their state, creating new costs the federal government may not always be able to cover and leaving state taxpayers on the hook for the new liabilities.
In this episode of the weekly Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway talks with Wisconsin state representative Rob Hutton (R-Brookfield), the sponsor of a new law requiring state government agencies to submit a zero-based budget plan and a budget plan in which the agency becomes more efficient but uses less taxpayer money.
In this episode of the weekly Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway talks with The Heritage Foundation’s senior legal fellow Hans von Spakovsky about the fallout from California Attorney General Kamala Harris’ (D) attempt to force Americans for Prosperity, a national nonprofit organization advocating for fiscal responsibility in government, to make the private information of contributors public information.
North Carolina lawmakers recently backed away from a proposed bill that would have reformed the state’s occupational licensing laws. In testimony given before the state legislature’s Joint Legislative Administrative Procedure Oversight Committee, lobbyists convinced lawmakers to ditch plans to eliminate government licensing requirements for a dozen occupations and consolidate government licensing boards. The lobbyists argued removing government restrictions on occupations such as acupuncturists and athletic trainers would have endangered consumers’ health.
In this episode of the Heartland Institute’s weekly Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway talks with the newest addition to the Heartland Institute family, Center for School Transformation research fellow Teresa Mull, about how economic freedom and educational freedom are similar, sharing the goal of empowering consumers to make the choices that are right for them, instead of the choices government makes for people.
The electronic payments industry has revolutionized worldwide markets, making services like Amazon, Uber, Airbnb, and touch and pay systems possible. As the industry grows and innovates, consider the effects of this technology on the US economy.
It seems the news these days is nothing but bad. Through the media, we are told crime and violence rates are rising, rich cronies are getting richer and low-income earners are getting poorer, and war or rumors of war between countries across the globe run rampant.
A new report from the Government Accountability Office, a nonpartisan government agency tasked with auditing, evaluating, and investigating government affairs for Congress, faults the Internal Revenue Service for failing to properly secure taxpayer data, leaving taxpayers’ private information at the mercy of hackers, both domestic and foreign. The report, delivered to IRS chief John Koskinen on March 28, says the IRS has failed to make recommended improvements to its financial and information-technology procedures.