August 27th, 2008
Merrill Matthews in Townhall.com: The Failures of Government-Run Healthcare
IPI resident scholar and health care expert Dr. Merrill Matthews is featured with a brand new op/ed on Townhall.com discussing “The Failures of Government-Run Healthcare.”

“Democratic presidential candidate Barack Obama, in a rare moment of honesty on what he’d really like to do about health care reform, recently asserted that if we were starting from scratch he would probably choose a single-payer health care system.

That’s a system in which people pay higher taxes and the government pays most medical bills.

Obama’s not alone in that opinion. Filmmaker Michael Moore took his “Sicko” audience to England, among other places, where we learned that doctors in that single-payer system made good salaries, had nice homes and cars, and patients were very satisfied.
Read More...

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Author: Erin Humiston || Location: Lewisville, Texas, USA
New Peter Ferrara Op/Ed Today in American Spectator: ’Obama’s New Tax Welfare’
In a new op/ed by IPI's Peter Ferrara featured today in American Spectator entitled "Obama's New Tax Welfare," Ferrara says:

In 1984, Walter Mondale ran for President promising to raise taxes if elected. He consequently made it to the dustbin of history even before the Soviets, averting a 50 state shutout by just 1,200 votes in his home state of Minnesota.

The recently released details of Barack Obama's tax plan, published on his campaign website, along with an article by his top economic advisers in the Wall Street Journal, confirm that Obama makes Mondale look like a moderate. For Obama pledges not just to raise taxes. He proposes to raise every major federal tax. The recently released details confirm that:
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Posted in  Entitlement Reform  Politics  Tax  ||Comments »
Author: Erin Humiston || Location: Lewisville, Texas, USA
Peter Ferrara live on Little Rock talker today, "The Dave Elswick Show"
IPI director of entitlement and budget policy Peter Ferrara will appear live today at 4:10 pm CT on the Dave Elswick Show to discuss Barack Obama’s “tax welfare” program.

To catch the discussion, tune in to Little Rock talker KARN on 102.9 FM or 920 AM.
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Posted in  Entitlement Reform  Politics  Tax  ||Comments »
Author: Erin Humiston || Location: Lewisville, Texas, USA
SoundBytes 156: Why Do Some Companies Move Offshore?
Why do some companies move offshore?

The Institute for Policy Innovation’s Dr. Merrill Matthews says Congress should learn a lesson from them.

Senator Hillary Clinton is mad—that is, angry.

She claims a growing number of companies are flocking to places like the Caymen Islands to avoid paying U.S. taxes. And she wants to punish them by denying them any government contracts.

But she never addresses why some companies move offshore. The U.S. has one of the highest corporate tax rates in the world. And some Democrats want to raise them even higher.

Clinton says she wants to reward “responsible companies” that stay inland.

Of course, Exxon does just that, yet many Democrats want to punish it and other oil companies with a huge “windfall profits tax.”
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Tax Breaks
Posted in  Economic Growth  Government  Politics  SoundBytes podcasts  Tax  ||Comments »
Author: SoundBytes || Location: Lewisville, Texas, USA
August 26th, 2008
New Pieler-Laurson OpEd: The Power of Propaganda in South Ossetia
IPI senior fellow George Pieler and International Affairs Forum editor-in-chief Jens F. Laurson are featured today on Forbes.com with a new piece discussing the powerful, artistic propaganda used to paint the Russians as liberators for the ‘oppressed’ South Ossetians in Georgia.

An excerpt:
Apart from the regular bullets and tanks, the South Ossetian war between Georgia and Russia has brought forth some alternative methods of warfare. There was an alleged cyber-attack on Georgian Web sites that served as a premonition to the military action. More significant, though, were the harshly harmonious sounds of Dmitri Shostakovich's Seventh Symphony, performed in South Ossetia's capital last Thursday.

Called "Leningrad," the symphony came to symbolize the Nazi resistance movement during Word War II. Read More...

Posted in  Politics  ||Comments »
Author: Erin Humiston || Location: Lewisville, Texas, USA
TaxBytes 5.31: The Tank is on Empty
This can’t be good!

The Detroit Free Press reported August 5 that the country’s top three automakers are looking for a bailout from Washington. So, you ask, what else is new?

Answer: the money and the likelihood.

Apparently, the “asking price” just a few months ago was about $20 billion, but now insiders say it may need to be closer to $40 billion. By the time the election rolls around, who knows? $80 billion? $100 billion?

And with Washington in a bailout mood these days, there’s little reason to hope for restraint.
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Posted in  Government  Tax  ||Comments »
Author: TaxBytes || Location: Lewisville, Texas, USA
August 22nd, 2008
How the media spins the facts to fit the story they want to write
Tom Giovanetti
This is a little outside of IPI's usual fare, but I couldn't help but note today's outstanding example of how the media write the story they want to write, regardless of the facts.

Today, an AP news headline, which was repeated on MSN, Yahoo, and other major news outlets, was Americans skip Labor Day trips as costs rise.

Here's how the story starts:

KANSAS CITY, Mo. - After missing out on summer vacations because of high fuel prices and a weakening economy, many Americans won't be going anywhere over the Labor Day weekend either.

The number of people traveling 50 miles or more will drop by 0.9 percent this Labor Day weekend compared with last year, the biggest drop in at least eight years, according to travel and auto group AAA.

Wait a minute, what was that statistic? Read More...

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Author: Tom Giovanetti || Location: Lewisville, Texas, USA
August 21st, 2008
Peter Ferrara live tonight on Seattle AM talker ’The David Boze Show’
Catch Peter Ferrara, IPI director of entitlement and budget policy, live today discussing more economic policy differences between presidential hopefuls Barack Obama and John McCain. Tune in to Seattle-Tacoma’s “The David Boze Show” on 770 AM KTTH at 7:30 pm Eastern/4:30 pm Pacific.

To read Peter’s new op/ed co-authored by Jack Kemp on National Review Online, “Which Way To Prosperity?” click here. Read More...

Posted in  Economic Growth  Politics  Tax  ||Comments »
Author: Erin Humiston || Location: Lewisville, Texas, USA
Peter Ferrara: Poverty and Welfare in America
Peter Ferrara’s provocative new op/ed featured today in the American Spectator online discusses “Poverty and Welfare in America.”

An excerpt:

“…BUT I WANT TO FOCUS here on Obama's answer to the question about why he wants to be President and what motivated him to go into politics. He referenced the biblical injunction from Jesus Christ in the Book of Matthew, saying, "Whatever you do to the least of these you do unto me." Obama expressed his concern that America is not doing enough for the least among us, the poor, the sick, the old. He wants to be President most of all to lead the government to do more for these most vulnerable and weakest of citizens, and ensure that they are cared for adequately.

This sentiment is what motivates most grassroots Democrats, who hold the vague and uninformed notion that America is not doing nearly enough to combat widespread poverty. Read More...

Posted in  Entitlement Reform  Politics  ||Comments »
Author: Erin Humiston || Location: Lewisville, Texas, USA
New Kemp/Ferrara Op/Ed Today in National Review Online: "Which Way to Prosperity?"
Jack Kemp and IPI’s Peter Ferrara co-author a new op/ed featured today in National Review Online building on their discussion regarding the differences between McCain’s and Obama’s economic policies.

”The central question in this election is, Which candidate can most improve our wobbly economy? Here, the McCain-Obama contrast could not be sharper.

Obama has proposed increases in every major federal tax. He has proposed to increase individual income taxes, with the top rate to rise to almost 40 percent. He has proposed to increase the top capital-gains tax rate by 33 percent. He has proposed the same for the top tax rate on dividends. He has proposed to increase payroll taxes, with a rate increase of 16 percent to 32 percent for workers earning over $250,000 a year. Read More...

Posted in  Politics  Tax  ||Comments »
Author: Erin Humiston || Location: Lewisville, Texas, USA
TechBytes 5:29: Start Spreading the News—I’m Leaving Today
Those famous lyrics from “New York, New York” just might have to be changed, at least for online retailers.

“Start spreading the news
I'm leaving today
I [don’t] want to be a part of it, New York, New York
These vagabond shoes
Are longing to stray
And make a brand new start of it
[anywhere but] New York, New York”

A new law from the state of New York thumbs its nose at the Supreme Court’s Quill decision, which held that for a state to require sales tax collections from a retailer that retailer must have some physical connection with the state.
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Posted in  Economic Growth  Government  Tax  Technology  ||Comments »
Author: TechBytes || Location: Lewisville, Texas, USA
August 20th, 2008
Peter Ferrara Live Thursday Morning at 9:33 am ET on "The Lynn Woolley Show"
Listen live online Thursday morning at 8:33 am CT/9:33 am ET as IPI director of entitlement and budget policy Peter Ferrara discusses Obama’s tax policy with radio host Lynn Woolley.

In a new op/ed featured this week in the Wall Street Journal, Ferrara explains how Barack Obama’s tax-cut policies are just a new form of welfare.

To listen live online at 9:33 am ET, click here. Read More...

Posted in  Politics  Tax  ||Comments »
Author: Erin Humiston || Location: Lewisville, Texas, USA
SoundBytes 155: Should Politicians Decide Which Restaurants You Can Choose From?
Should Politicians Decide Which Restaurants You Can Choose From?

Dr. Merrill Matthews of the Institute for Policy Innovation say Los Angeles may lose some fast-food freedom.

A Los Angeles city councilwoman thinks Angelenos are too fat. So she’s pushing legislation that bans new fast food restaurants like McDonalds and KFC.

While Los Angeles does have an obesity rate some 4 percentage points higher than the national average, lower-income areas tend to have higher obesity levels.
Of course, there’s already some 400 fast-food restaurants in the targeted area. So the bill doesn’t eliminate access to fast food.

And McDonalds serves fresh salads and yogurt—if people want to buy them. While more expensive restaurants often serve hamburgers and fried chicken. So why target fast food?

The real question is whether the government should decide your restaurant options or what you eat.
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Angelinos
Posted in  Government  SoundBytes podcasts  ||Comments »
Author: SoundBytes || Location: Lewisville, Texas, USA
Peter Ferrara Live This Morning on ’The Right Balance’ Discussing Obama’s Tax Plan
Catch IPI director of entitlement and budget policy Peter Ferrara live this morning with Greg Allen on “The Right Balance.”

Peter will be discussing presidential hopeful Barack Obama’s tax policy, what Ferrara calls not a tax-cut plan at all, but rather a welfare plan.
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Posted in  Politics  Tax  ||Comments »
Author: Erin Humiston || Location: Lewisville, Texas, USA
August 19th, 2008
Cautionary Tales of Patent Reform
Solveig Singleton
The Wall Street Journal recently ran has an important article by Stuart Weinberg, "Caught in the Crossfire." It describes the difficulties that small firms face in licensing patents to large firms. The fuss about bad patents and so called "patent trolls"--firms that own patents, but do neither research nor production, and that make their money from suing other firms--has lead legislators and courts to consider steps to make it easier to challenge and less disastrous to infringe patents. But the result is significantly less protection for small firms that do invent and then license.

"Caught in the Crossfire," describes the efforts of one firm, which was in the midst of negotiations to license its patents to Microsoft, when Microsoft initiated proceedings at the patent office questioning the validity of all its patents. Whatever the merit of the technology at issue, clearly this sort of proceeding has a bad flavor. Read More...

Posted in  Intellectual Property  Technology  ||Comments »
Author: Solveig Singleton || Location: Washington, DC, USA
IPI’s Peter Ferrara to Appear Live Today on Fox News Channel to Discuss Obama’s Tax Plan
IPI director of entitlement and budget policy Peter Ferrara will be a guest on the Fox News Channel’s “Your World with Neil Cavuto” today at 4:20 pm ET to discuss presidential hopeful Barack Obama’s tax plan.

In a brand new op/ed published today in the Wall Street Journal, Ferrara discusses how “Obama’s Tax Plan is Really a Welfare Plan.”

"Barack Obama's tax plan is the opposite of supply-side economics. He proposes to raise marginal rates for just about every federal tax. He also proposes a raft of tax credits that taxpayers can receive if they engage in various government-specified activities.

Moreover, the tax credits would mostly go to those who pay little or nothing in federal income taxes. His trick is to make the tax credits "refundable." Read More...

Posted in  Politics  Tax  ||Comments »
Author: Erin Humiston || Location: Lewisville, Texas, USA
For Obama, tax policy is about social policy, not revenue
Tom Giovanetti
IPI's Peter Ferrara has a compelling op/ed in the Wall Street Journal today which explodes the fact that Obama's tax policy outline is misleading, and is focused on promoting welfare, not economic growth.

We'll have much more to say about Peter's op/ed and subsequent media appearances shortly.

Reinforcing Peter's point is another piece in the WSJ today by William McGurn, which points out that Obama is fully aware that raising the capital gains tax rate will lower the amount of money that comes into the federal government--that raising the tax RATE results in reducing the tax REVENUE. In other words, a tax rate hike on taxpayers is actually a tax revenue cut to the federal government.

But that doesn't trouble Obama, because for Obama, taxes aren't about revenue--they are purely social policy. Read More...

Posted in  Politics  Tax  ||Comments »
Author: Tom Giovanetti || Location: Aspen, Colorado, USA
TaxBytes 5.30: More Transparency We Can Believe In
Jim Frogue, the state project director for Newt Gingrich’s Center for Health Transformation, has proposed an idea that worth’s considering.

In recent testimony before the House Energy and Commerce Committee’s Subcommittee on Health, Frogue suggested a way to bring the transparency movement to Medicaid.

Transparency in government—which we discussed in the last TaxByte in relation to state budgets—is the notion that the public should have access to information about what politicians and others who spend taxpayer money are doing with those funds.

The federal-state Medicaid program provides health coverage for some 52 million Americans at a cost of about $330 billion (for 2007). And we know Medicaid is fraught with sub-quality care and fraud.
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Posted in  Tax  ||Comments »
Author: TaxBytes || Location: Lewisville, Texas, USA
August 15th, 2008
Peter Ferrara Live Today on ’The Lars Larson’ Show
IPI’s Peter Ferrara will be a guest on the nationally syndicated “The Lars Larson Show” today at 6:20 pm ET/5:20 pm CT to discuss his recent op/ed on the ‘flower power’ energy policies of Barack Obama.

To find a station near you, click here.

To read Peter’s op/ed in the American Spectator, click here. Read More...

Posted in  Politics  ||Comments »
Author: Erin Humiston || Location: Lewisville, Texas, USA
Peter Ferrara on Obama’s ’Flower Power’ Energy Policies
In a new op/ed featured online in The American Spectator, IPI’s Peter Ferrara discusses Barack Obama’s proposed centralized government energy policies that Ferrara calls “flower power.”

An excerpt:
"Barack Obama proposes that we seize the profits of the oil companies and use them for $1,000 "energy rebate" checks to every working family in America. That is what he said in his speech in Lansing, Michigan on August 4, 2008, entitled "New Energy for America." Economist Donald Boudreaux pointed out that seizing all oil profits would still not be enough to fund these $1,000 giveaway checks.

If the government is going to target an industry it has vilified in the public mind, loot all its profits, and then use the money for giveaway checks to buy votes, then what has our nation become?
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Posted in  Politics  ||Comments »
Author: Erin Humiston || Location: Lewisville, Texas, USA