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Economic Freedom

Chinese Takeover of MoneyGram Raises Lots of Red Flags

By George LandrithFrontiers of Freedom

A Chinese company, Ant Financial, largely owned by the government of China, is intent on taking over MoneyGram, a leading US-based financial payments company. This planned acquisition raises serious questions as to whether ownership of MoneyGram would be part of China’s strategic plan to obtain sensitive personal and financial information of Americans and westerners worldwide as well as  to undermine American economic strength. This acquisition should be stopped for that reason.

The Committee on Foreign Investment in the United States (CFIUS) exists to review the national security implications of foreign investments in US companies.  CFIUS is comprised of representatives from a number of US agencies or departments — including the Departments of Defense, Homeland Security, State and Commerce.  CFIUS can block foreign sales and investments that would result in a foreign power acquiring assets and intellectual property that would harm America’s national security.

There are a number of important national security and strategic reasons that CFIUS should reject Ant Financial’s proposed takeover of MoneyGram.   Continue reading


New Postal Reform bill hardly looks like it came from Republicans

By Frontiers of FreedomFrontiers of Freedom

As many large-scale federal government reforms continue to be considered, there’s hope that our elected leaders can advance new laws that reflect principles of limited government and traditional American values to help the nation succeed. In the case of the latest Postal Reform, however, Republicans are regrettably ushering in a bill that is lacking far too many conservative ideals.

Last month, we wrote about the Postal Reform Act of 2017, and highlighted how the bill fails to solve the agency’s fiscal woes that have led to multi-billion dollar losses year after year, and further neglects the USPS’ most prominent customers that it was founded to serve. The proposal also disregards conservative ideals by creating a taxpayer-funded bailout of the Postal Service by absolving their unfunded liabilities and shifting Postal retirees to Medicare. Continue reading


Pelosi: The People Deserve to Know What’s in Ryan’s Healthcare Plan Before It’s Passed

by Jim Hoft • The Gateway Pundit

Seven years ago this week Nancy Pelosi pushed Obamacare during her speech to the 2010 legislative conference of the National Association of Counties.

Pelosi told the group, “We have to pass the bill so that you can find out what is in it.”

Continue reading


America Needs Comprehensive Tax Reform To Get Moving Again

by Peter Roff • Washington Examiner

Though America has prospered since the end of the so-called “great recession,” the economy has grown by so little it’s hardly worthy of mention. The boom that began under Ronald Reagan ended with the collapse of the sub-prime mortgage industry. The country is no longer moving. Something must be done to get things going again.

The answer to our problems is simple. America needs tax reform to get moving again. There are a number of good, serious proposals out there from the Hall-Rabuska flat tax to the “Better Way” plan being pushed by House Speaker Paul Ryan. None of them is perfect but they’d all produce lower rates by eliminating deductions and credits. They’d all make the system simpler, and they’d all goose the economy to get annual growth in U.S. GDP where it should be, around three or four percent annually if not higher. Continue reading


Venezuelans Now On A Forced Starvation Diet — Thanks, Socialism!

Investor’s Business Daily

Want to lose weight fast? Don’t worry about the latest fad diet. Just move to Venezuela. There, the new Socialist Diet has caused the population to lose millions of pounds in 12 months. Unwillingly, of course.

A new study of Venezuela’s stunning decline under Hugo Chavez’s socialist model, still followed faithfully by his lap dog successor, Nicolas Maduro, reports that the average Venezuelan lost 19 pounds in the last year. Today, the 2016 Living Conditions Survey finds, 32.5% of Venezuelans eat only once or twice a day, up from 11.3% just one year ago. And 93.3% of all people don’t earn enough to buy sufficient food.

American Thinker blogger Ronald C. Tinnell called it “The Venezuelan Miracle Weight Loss Program.” Continue reading


Dear Congress: Please Take My ObamaCare Coverage, Because It’s Horrible

By Christopher Jacobs • The Federalist

Last week, Vox ran a story featuring individuals covered by Obamacare, who live in fear about what the future holds for them. They included people who opened small businesses because of Obamacare’s coverage portability, and worry that the “career freedom” provided by the law will soon disappear.

Unfortunately, but perhaps unsurprisingly, Vox didn’t ask this small business owner—who also happens to be an Obamacare enrollee—for his opinions on the matter. Like the enrollees in the Vox profile, I’m also incredibly worried about what the future holds, but for a slightly different reason: I’m worried for our nation about what will happen if Obamacare ISN’T repealed.

What Obamacare Hasn’t Done For Me

Unlike many of the individuals in the Vox story, I am a reluctant Obamacare enrollee—literally forced to buy coverage on the District of Columbia’s Exchange because Washington, D.C. abolished its private insurance market. Continue reading


CEOs Urge Congress to Enact Tax Reform to Help Make U.S. Companies Competitive

by Ali Meyer • Washington Free Beacon

Sixteen CEOs from large companies are urging Congress to enact comprehensive tax reform that would end a tax on domestic production and make companies in the United States more competitive globally.

CEOs from companies such as Dow Chemical, Pfizer, Caterpillar, Boeing, and General Electric have written a letter to Speaker of the House Paul Ryan (R., Wis.) and Sen. Chuck Schumer (D., N.Y.) urging them to make the U.S. tax code more pro-growth and lower rates for businesses so they can actively compete with global competitors.

“We recommend enacting comprehensive pro-growth tax reform to remove a major impediment to economic growth—our outdated tax code,” the CEOs said. “We have the highest business tax rate in the developed world and are one of the few countries that taxes business income on a worldwide basis.” Continue reading


Arizona Governor: Drop Charges Against Guy Giving Free Haircuts To Homeless

by Mary Katharine Ham • The Federalist

In Arizona, an act of charity became a possibly criminal act when a state board took issue with a cosmetology student giving free haircuts to local homeless people.

Juan Carlos Montesdeoca is a Tucson cosmetology student who used to be homeless. He organized a Haircuts for the Homeless event along with other classmates in a local park in January, offering barber services and manicures for people who hadn’t had such treatment in years. But an anonymous complaint to state officials for practicing this rogue styling without a license led to an investigation by the State Board of Cosmetology.

Republican Gov. Doug Ducey sent a letter to the board Wednesday asking them to stop the investigation, calling Montesdeoca’s “an act of charity that we should be celebrating.” Continue reading


Obamacare Subsidies Projected to More Than Double Over Next Decade

by Ali Meyer • Washington Free Beacon

Subsidies for health insurance purchased through the marketplaces established under the Affordable Care Act are projected to more than double over the next decade, according to a report from the Congressional Budget Office.

The report, which evaluated spending for various means-tested programs or programs that offer benefits to those who earn income under a certain threshold, found that spending on Obamacare subsidies will total $42 billion in 2017 and are estimated to more than double to $97 billion by 2027.

In fiscal year 2016, payments for subsidies totaled $31 billion and, according to the budget office, payments will grow rapidly in 2017 and 2018 largely due to the growth in enrollment. Continue reading


It Doesn’t Matter How Many Americans Have Health Insurance

by Scott Lloyd • The Federalist

We remember the refrain from the run-up to Obamacare that 40 million Americans are without insurance, and we now have its echo in the Congressional Budget Office report that its repeal could lead to 18 million uninsured. Both of these figures are irrelevant.

If I have a broken leg, as a wounded person I want treatment that will heal it, and I don’t want it to ruin me financially. If I can get affordable care without health insurance, what difference is it to me that I have insurance? Similarly, if I have health insurance and the leg doesn’t get healed, or I am financially ruined, or both, what good is health insurance to me?

When discussing Obamacare replacements, we make a mistake when we focus too much on health insurance. Americans need health care. Universal health care could happen for every American in any number of ways that do not involve universal health insurance and all of the problems that it entails. Continue reading


Business Owner Says Obamacare Prevented New Hiring as Health Care Costs Increased 51 Percent

by Ali Meyer • Washington Free Beacon

A business owner told lawmakers on Tuesday that Obamacare has prevented new hiring because health care costs at his company increased by 51 percent.

Thomas Secor, president of Durable Corporation, a small manufacturing company that employs 37 individuals, testified at the House Small Business Committee hearing that the Affordable Care Act has made providing health care coverage for workers more difficult.

“Health care is certainly one of the most vexing problems facing small businesses. The enormous costs and ongoing uncertainty surrounding our health insurance system is a major cause for concern,” Secor said. “As a business operator, I am deeply troubled by the ongoing difficulties our health care system creates for my fellow small-business owners and their employees, and by the fact that the most recent national effort to reform the health care system has done very little to address the costs we, as small-business owners, face.” Continue reading


Insurance Commissioner: State Health Insurance Market Better Off Before Obamacare

by Ali Meyer • Washington Free Beacon

A Wisconsin insurance commissioner told lawmakers on Thursday that the state was better off before it implemented the Affordable Care Act and that the law did significant harm to the state’s health insurance market.

J.P. Wieske, deputy insurance commissioner for Wisconsin’s Office of the Commissioner of Insurance, said the state had a well-functioning market prior to the Affordable Care Act.

Wieske said that while Wisconsin was not the least expensive market in the country before Obamacare was implemented, it often ranked in the lowest third of states in terms of cost. In addition, Wisconsin offered consumer protections, guaranteed access for the most vulnerable, and had state authority to enforce the laws. The state also offered high-risk pools and subsidies for families with incomes up to $34,000 per year. Continue reading


What Real, Honest Tax Reform Will Look Like

How Congress, Trump rework the tax code without abandoning conservative principles

By George LandrithLifezette

Imagine going to your boss with your personal budget. The list would include things you want to spend money on, such as: your home, car, groceries, dining and entertainment projections, vacation plans, charitable giving goals, etc.

Now picture telling your boss he must fund your planned budget. You don’t bother to discuss your value to the company, but rather demand he fully fund your personal budget.

This is a difficult conversation to imagine because the real world doesn’t work that way. We don’t get paid based on what we want our personal budget to be, but rather the value we provide. Then based on what we receive, we budget accordingly. Yet, big government demands that it play by a different set of rules. Continue reading


Manufacturing CEO Says Obamacare Costs Negatively Impacted Jobs, Investment, Product Development

by Ali Meyer • Washington Free Beacon

A manufacturing CEO told lawmakers on Wednesday that costs imposed by the Affordable Care Act had negatively impacted his company’s ability to hire new workers, make capital investments, and develop new products.

Joe Eddy, president and CEO of Eagle Manufacturing Company, testified before the House Committee on Education and the Workforce on behalf of the National Association of Manufacturers, a trade association that represents more than 12 million Americans.

“Manufacturers appreciate your attention to the burdens of the Affordable Care Act that are impacting the competitiveness and growth of manufacturers around the nation,” Eddy said. Continue reading


Letter to House Judiciary Committee on Reforming and Modernizing the Copyright Office

By George LandrithFrontiers of Freedom

Dear Chairman Goodlatte and Ranking Member Conyers:

We believe that it is time for the Copyright Office to be modernized. On behalf of our organization and the millions of Americans we represent, we encourage Congress to give the Copyright Office the autonomy it needs to best serve the digital economy and Congress by:
1) removing the Copyright Office from within the organizational structure of the Library of Congress, and empowering the President to nominate and the Senate to confirm the Register of Copyrights; and 2) allowing the Copyright Office to modernize its IT systems as it sees best by granting the Office authority over its own budget, personnel, and technology.

The intellectual property represented by copyrights has always been important — important enough that our Founders specifically addressed it in the Constitution in Article 1, Section 8 saying that Congress shall have the power “To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries.” Continue reading