Here is the Heritage Take on the top issues today.Please reply to this email to arrange an interview.

What Congress Should Do About 21st Century Inflation Risks <[link removed]> – With inflationary risks higher than they have been
in decades, the Fed is operating under a financial-crisis framework that has never been tested in a high/rising inflation environment. To combat this, Congress can hold the Fed accountable for a single mandate to stabilize total (nominal) spending, thus allowing prices to fluctuate (appropriately) with productivity. At the same time, Congress can easily address the policy issues that increase gasoline and other energy prices, as well as the policies that are keeping workers on the sidelines. There is no doubt that families and producers across the country are feeling the effects of consumer price increases, but runaway inflation can be avoided if this administration and Congress abandon massive, unnecessary spending bills and restore prudent fiscal and monetary policies. Heritage expert: Norbert
Michel <[link removed]>
9 Reasons Why Federal Unemployment Bonus Subsidies Need to Go <[link removed]> – 15 months after Congress first responded to the COVID-19 pandemic, it’s evident that unprecedented federal unemployment insurance bonus benefits are hurting the
recovery, making it harder for businesses to find the workers they need to recover, and harder for consumers to find the products and services they want at prices they can afford. It’s time for the federal government to stop stimulating demand and restricting supply by pumping more deficit-financed spending into the economy and by proposing trillions of dollars in new government programs. Policymakers should end the federal unemployment insurance bonus payments now and commit to a fiscally responsible post-pandemic budget that will help prevent a financial crisis by putting America on track toward fiscal sustainability. Heritage expert: Rachel Greszler <[link removed]>

The G-7 Must Act with Unity for Growth and Freedom <[link removed]> – This year’s G-7 summit of world leaders seeks to best aid the world in recovering from the devastating personal and economic effects of COVID-19, while equally seeking to regain the
initiative from the world’s autocracies. From Russia’s aggressions in the Caucuses and Ukraine, to the much broader economic, security, and political challenge of China, the democracies are back on their heels, which is where they were when the G-7 first came together in 1973. The U.S. must be clear in its principles and provide strong leadership at the summit in advancing commitments to personal freedom. Additionally, leaders should back a U.S.-U.K. free trade deal, commit to a G-7 stand against China’s predatory tactics, and recommit to advancing economic freedom. Heritage experts: Ted Bromund <[link removed]> and James Roberts <[link removed]>

 The U.S. Must Defend NATO’s Open-Door Policy at the 2021 Brussels Summit <[link removed]> – NATO has done more than any other organization, including the European Union, to promote democracy, stability, and security in the Euro-Atlantic region. NATO’s open-door policy for qualified countries has contributed greatly to transatlantic security since the first round of enlargement in 1952, helping to ensure the Alliance’s central place as the prime guarantor of security in Europe. It is also in America’s interest that NATO’s door remain open to deserving European countries. The U.S. should also drive forward a greater role for the Alliance in the Arctic region, craft a Black Sea strategy, and reaffirm its commitment to, and support for, the people of Ukraine. Heritage experts: Luke Coffey <[link removed]> and Daniel Kochis <[link removed]>

Why A Three-Child Policy Doesn’t Actually Help The Chinese People <[link removed]> – As the Chinese government faces the consequences of its previously stringent policies, perhaps the most important
takeaway for the CCP is that even if a government can control family size, it might not be wise to do so. The Biden administration would be wise to reconsider its reinstatement of U.S. contributions to UNFPA that may enable U.S. taxpayer dollars to fund forced abortions in China. Instead, the U.S. should oppose the CCP’s coercive “family planning” and support the rights of the Chinese people to have as many children as they desire. Heritage expert: Olivia Enos <[link removed]>

-