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Unleash Prosperity Hotline – Weekend Edition
Issue #1207
02/21/2025 – 02/23/2025
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1) We Spend Twice as Much Money as Needed to End Poverty

Another shocking statistic from the budget hawks at EPIC.

Based on the government's own data, we spend twice as much on welfare as it would take to move every family in America above the poverty line. In other words, if we just gave these families enough cash to increase their income, no one would be in poverty.

Yet we spend twice that much and STILL have 36.8 million people who live in poverty ([link removed]) .
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One idea is the old Milton Friedman negative income tax. Scrap all the scores of welfare programs and the massive bureaucracy and simply provide a cash subsidy to any family under the poverty level, provided someone in the household is working full time.

That plan has flaws, but it's hard to imagine anything less cost-effective than what we are doing now. The welfare state makes a lot of people rich - but not those who are poor.
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2) Defuse the Ticking Tax Bomb – NOW

Unleash Prosperity co-founder Tax Cut Victory Alliance co-chair Steve Forbes explains:

While Republicans in Congress are busy posturing about budget numbers and reconciliation procedures, they're missing the fundamental point: without swift action on tax cuts, we're heading toward a massive tax increase that will hit every American...

If Congress fails to act by year's end, the standard deduction for couples will plummet from $30,000 to around $15,000-17,000. This isn't just a technical adjustment--it's a direct hit to American families' wallets. Only in Washington would they create tax legislation with expiration dates like a gallon of milk...

The current House debate over reconciliation bills--whether to do one or two--misses the point entirely. While they argue over ten-year scoring numbers and budget parameters, they're wasting precious time that could be used to boost economic growth. The focus should be on lowering marginal tax rates--the rates you pay on your next dollar earned--which directly impacts economic incentives...
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3) Conservatives Should Adopt a "Current Policy" Budget Baseline – Just Like Obama Did

Given the CBO's inglorious history of dire budget/tax predictions - always overestimating the revenue loss from tax rate reductions, why are House Republicans boxing themselves in with the agency's preposterous $4 trillion COST of extending the cuts?

These are the same CBO bean counters who predicted a $2 trillion revenue loss from the 2017 Trump tax cut. Turns out the predicted revenue loss was a figment of the CBO's imagination. There was no revenue loss to speak of ([link removed]) .

Why listen to the CBO this time around? Fool me once, shame on you. Fool me twice, shame on me.

A solution is to adopt Senator Crapo's proposed "current policy" baseline, which includes a full permanent tax cut. There is no "cost" to keeping the current tax law in place.

Liberals and the media are clutching their pearls, and acting like a current policy baseline is some crazy new idea that shatters their precious norms. But we don't recall them objecting when the Obama White House invoked it to extend the Bush tax cuts:
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4) AARP: American Association for Ripping-off Old People

More signs that AARP represents its sugar daddy, UnitedHealth Group (now under investigation for massive Medicare fraud ([link removed]) ) - not the senior citizens it pretends to defend. AARP is paid billions of dollars to flack for the multi-billion dollar insurance company that profits off of making health care more expensive for everyone.

AARP is pulling out all their tricks - and a bogus "study" to save the Biden Inflation Acceleration Act even though it hastens the bankruptcy of Medicare and delays new drug development.

How does this for-profit "association" retain its nonprofit tax status? What a scam.

We urge readers to stop paying dues to AARP and switch to AMAC - which supports seniors AND the free market.
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5) Three Cheers for Utah's Ban on Public Employee Union Collective Bargaining

Now this is a headline we love:
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Rep. Jordan Teuscher, the bill's author, says the measure rebalances the power dynamic between government and employee unions.

"In the private sector, when you do collective bargaining, you're bargaining with a company that has to make a profit. If they don't make a profit, they go out of business," he said. "In the public sector, the government never goes out of business, and because of that, at the end of the day, if a public employer makes a bad deal, the person who has to pay on the other side is the taxpayer."

ALEC ranks Utah as the top state for economic development, and this measure will surely widen its lead. We hope other states follow suit.
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6) So Much for The Law of Supply and Demand

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