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Unleash Prosperity Hotline
Issue #1278
06/04/2025
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1) Bring Back the REINS Act

One important way the Senate can improve the House-passed Big Beautiful tax bill would be to include the REINS Act.

This would stop major new regulations, unless they are individually approved by majorities of the House and Senate. This de facto regulatory freeze would dramatically improve business conditions and would, according to the Heritage Foundation, reduce the deficit by north of $1 trillion over 10 years - enough to pay for lowering the corporate tax rate to 15%.

REINS disappeared from the House bill on the night of final passage due to concerns that Senate budget rules could strike it down. But Senate Majority Leader John Thune has told us that there is still a chance to revive REINS, and he promises he's going to do "everything possible to have it included" in the final bill.

That's great news. Here's why it matters.

An analysis ([link removed]) for UP by Casey Mulligan (whose nomination to be Trump's deregulation czar at the Small Business Administration is still waiting for Senate approval) found that while Trump's first term was net deregulatory, Biden was the new world champion of overregulation, nearly doubling Obama's previous record:

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With REINS, every bad regulatory idea would be permanently on ice unless and until it could actually command majority support in Congress. This would be the biggest deregulation in American history.

Just do it.
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2) Win-Win: Give Everyone on Medicaid an HSA

Here's a brilliant idea from our friend, John Goodman, who writes to us: "If you do this the right way, it will (1) save a ton of money, (2) make it easier for enrollees to get health care."

It would also save people on Medicaid from losing a whole day of working instead of waiting in an emergency room for routine care, and provide higher quality care at the same time.

Goodman explains:

Private companies managing Medicaid (or the state itself) should be able to make deposits to Health Savings Accounts (HSAs) that would cover, say, all primary care. Enrollees would be restricted to using the money for health care during an insurance year. With these funds, they would be able to pay market prices (instead of Medicaid fees) at doctor's offices, walk-in clinics and urgent care centers - allowing them to buy medical care the way they buy food with food stamps. This would allow low-income families to have the same health care opportunities that middle-income families have.

At the end of the insurance period, they could withdraw any unspent funds for any purpose... People wouldn't spend a dollar on health care unless they got a dollar's worth of value.

An early study by the RAND Corporation suggests that these accounts could reduce Medicaid spending by 30 percent.. almost $1 trillion over ten years. This saving would be shared by the beneficiaries and the taxpayers who fund Medicaid.
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3) Supreme Court May Crack Down On After-Election Day Voting

The late counting of ballots has become a national scandal in many states. In 2020, the presidential race was thrown into turmoil when the Pennsylvania Supreme Court extended the deadline by which mail-in ballots must be received.

Eighteen states still accept mailed ballots received AFTER Election Day. Thankfully, the U.S. Supreme Court has agreed with no dissenting votes to hear a challenge to an outrageous Illinois law that allows ballots received up to 14 days after Election Day to be counted.

The House passed a bill in April - with four Democrats voting in favor - to restrict the practice nationwide.

President Trump has also issued an executive order that would withhold federal funding from states that count ballots that arrive after Election Day.

The Supreme Court has stepped in and will decide once and for all if the concept of "Election Day" still has real meaning.

We will keep you posted.
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4) Scott Bessent: "We Want the U.S. to Be More Like Florida and Less Like New York"

Treasury Secretary Scott Bessent borrowed our line the other day, so you know he has it exactly right:
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"I lived in New York. I lived in Florida. And the state of New York spends about $235 billion a year. The state of Florida spends about $125 billion. Both states have approximately the same number of people but Florida doesn't have an income tax. And I can tell you having lived in both, it's better not to have an income tax and Florida gives better services. So we want the U.S. to be more like Florida, less like New York."
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5) MURDER! Did Someone Say Murder?

Hakeem Jeffries, the House Democratic leader gives his hysterical assessment of the House tax and budget plan on CNN:

"Actually, if [the Republican budget] ever were to be implemented into law, hospitals will close, nursing homes will shut down and people will literally die."

These are the very same people who LITERALLY say they want to raise the level of civil discourse in America.
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6) Your Inheritance...

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