TES Weekly Brief: What a difference a delay makes!
Editor’s Note: What a difference a delay makes!
All eyes were on the UK this week, although be warned that the constant flashing and buzzing may induce seizures. One thing is (un)clear: as we go to the virtual press nobody has any idea what comes next. Short version: Boris Johnson’s bid to force through a “no-deal” Brexit has been blocked by a cross-party “rebel alliance,” including members of his own Conservative Party, who voted to take control of the House of Commons agenda and force another delay in Brexit… and were immediately expelled from the party for their trouble. But that’s not all! The same anti-“no-deal” forces also brushed off Johnson’s attempt to trigger a general election, barring some other unforeseeable and doubtless unwritten parliamentary procedure. Could Johnson simply refuse to send their legislation to Balmoral for the Queen’s signature? What sort of democratic government can possibly countenance someone just refusing to do their duty? So many questions! No answers! Stay tuned!
— Erik Sass, Editor-in-Chief, The Economic Standard
— Larry Reaugh, CEO American Manganese
— Erik Sass, TES editor-in-chief
— Patrice Matchaba, Novartis head of global health and corporate responsibility
— Alvaro Vargas Llosa
— Anne Stevenson-Yang
Washington Behind The Headlines
By Andy Blom, TES Contributor
Labor Day’s over and everyone’s back at work…everyone except Congress which still needs another week of rest from not dealing with the spiraling National Debt, Crisis at the Border, etc. etc. etc. Still, free-market conservatives continue thinking and working, advancing ideas to move America forward. Here’s a roundup of the week’s activity in Washington…
- It Seems Medicare for All Will Mean Higher Costs for All, Especially Taxpayers. The hope, and promise by its advocates, that Medicare for All (M4A) would drive all healthcare costs down by about 40% is unraveling. Updates on a Mercatus Center study by Charles Blahous show that, when tested, Physicians, Hospitals and other providers are not willing to take a 40% across the board pay cut and Government will respond by simply raising rates with taxpayers money — meaning M4A would actually dramatically increase, not reduce national healthcare spending. As Democrat Presidential candidates line up behind this proposal it’s important to know the facts. Check them out at https://economics21.org/medicare-for-all-costs-rising-already.
- Last Chance — Sign the Coalition Letter Against the Pro Act. The PRO Act is a Union Wish List. The Protecting the Right to Organize (PRO) Act (S.1306 and H.R. 2474) has been mentioned here before. The legislation is scheduled for a House vote in September. Read about it at https://cei.org/content/case-against-protecting-right-organize-act. If you oppose this legislation, join over 50 individuals and organizations by signing on to the coalition letter to Congress at OGRADY@ATR.ORG. by Monday, September 9.
- Stopping the Recession Cold: Indexing Capital Gains Will Help Millions of Middle Class Households. Americans for Tax Reform has looked at the most recent available IRS data (2016) and found that indexing Capital Gains Tax to inflation would have a major impact on the middle class. In 2016 over 24 Million households had a capital gains filing. 56% of those made less than $100,000. 82% of those households made less than $200,000. And that was in just one year. Short or long term, ending the inflation tax on capital gains would boost the economy. How would your state fare? Get the facts and figures on this (and a lot of tax news) at www.atr.org.
- …And a Whole lot More on Indexing Capital Gains to Inflation: If you want to dig deeper, theTax Foundation has a wealth (untaxed) of information here, here, here, and here… oh and also here and here! Whew! Knowledge is power.
- Washington Scandal! What Could be More Fun than That! Mark Hyman, former Naval officer, Intelligence Officer, Weapons Inspector, Congressional Fellow, Lobbyist, Radio Personality, TV Host and award-winning Journalist has compiled a fun, fact filled and eminently readable history of scandals in D.C. Ranging from George Washington to Donald Trump, Washington Babylon has got it all. Pre-order on Amazon or Barnes and Noble for delivery on October 22.
- The Interconnected Factors that Drive the Economy Might “Shock” You. Scott Sumner, a Distinguished Research Fellow at the Mercatus Center has authored an informative perspective on how trade wars, monetary policy and the business cycle can cause “Real” and “Nominal” shocks that can impact the economy. Does all this mean we are headed toward a recession? Read more at The Hill.
- A Woman’s Place is in the House…and the Senate. Maggie’s List, a Federal Political Action Committee founded in 2010, is dedicated to increasing the number of conservative women elected to Federal Public Office )(we expect that would include the Presidency, but perhaps not this cycle). Named for Margaret Chase Smith, the first woman elected to both houses of Congress, the organization supports strong conservative female candidates. Women comprise more than 43% of all voters, but less than 20% of our representation. See how Maggie’s List plans to change that www.MaggiesList.org.
- Meet the Candidates. It’s that season again (does it ever stop?) and political hopefuls are visiting Washington to look around, gain support and meet the people who might matter. We’ll introduce the hopefuls as they come across our path: Gary Adkins is constitutional conservative running for the U.S. Senate in Virginia. He’s new to politics and has primary opponents in a race to challenge incumbent Mark Warner. Find him at www.garyadkinsforsenate.com.
Upcoming events: Washington is still on Recess Break, but plan ahead…
- CONTINUING LEGAL EDUCATION, WITH BEER! The Republican National Lawyers Association is hosting ‘Cheers to CLE!’ A day of continuing legal education, networking and beer tasting. Saturday, September 7, 9:30 AM – 5 PM. $45 RNLA Members, $75 Non-Members. Info and Register at rnla.org/vacle
- RNLA (Republican National Lawyers Association) FALL LUNCHEON, with Senator Susan Collins. Monday, September 9, 12 PM – 1 PM, Tony Cheng’s Restaurant, 619 H St., NW. RSVP: RNLA.org/CollinsLunch. Not a fundraiser!
- INTERNATIONAL COALITION MEETING. Roundtable Policy Discussion. Wednesday, September 11, 12 PM – 1 PM. Americans for Tax Reform Conference Room, 6th Floor, 722 12th St., NW. Info and RSVP to Lorenzo Montanari email@example.com.
- 21st ANNUAL CONGRESSIONAL BASKETBALL GAME. Free! Lawmakers and Lobbyists Hoop-It-Up for Charity. Tuesday, September 17, 6:30 Congressional Staff Game; 7:30 Members of Congress Games. Gallaudet University, 800 Florida Ave NE, Washington.
- SAVE THE DATE: Senator Robert Griffey and Howard Jenkins, Jr. Induction into the U.S. Department of Labor Hall of Honor. Thursday, September 26, 2 PM. U.S. Dept. Of labor. Contact Rudy Olivo, Office of Public Liaison. 202-63-6000. firstname.lastname@example.org.
- COSM, A National Technology Summit Presented by Discovery Institute. October 23-25, Seattle, WA. Info at cosm.technology.
- DAILY CALLER NEWS FOUNDATION Annual Gala. Courage Under Fire Award: The Honorable Lindsey Graham. October 30, The Mayflower Hotel, Washington. Cocktails 6 PM, Dinner 7 PM, Dancing 8:30 PM. Info: haley@DailyCallerNewsFoundation.org.
- Austrian Economics Center, Hayek Institut, and Fundacion Internacional Bases, are organizing a conference with top tier intellectual contributors on the subject, Austrian School of Economics in the 21st Century, November 13-14, Vienna, Austria. Web site.