PRI Policy Alert
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New PRI Study Shows Government Pandemic Response Hurt Entrepreneurs, Small Businesses
November 1, 2021
Government actions to “help” small businesses in the wake of the COVID-19 pandemic have worsened pre-pandemic government-imposed burdens to entrepreneurship, finds the final paper in the Breaking Down Barriers to Opportunity series.
“The federal government’s economic pandemic response was wasteful and ineffective, worsening the government-created obstacles to prosperity entrepreneurs faced before the pandemic – such as taxes, regulations and lack of access to credit,” said Dr. Wayne Winegarden, Pacific Research Institute senior fellow in business and economics.
Read the study here. . . ([link removed])
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Listen to PRI’s Next Round Podcast
Howard Husock – The Poor Side of Town and Why We Need It
PRI Next Round
November 1, 2021
American Enterprise Institute senior fellow and Philanthropy Roundtable Executive Senior Fellow Howard Husock joins us to discuss his new book on housing policy, The Poor Side of Town and Why We Need It. We discuss various “housing reform” movements over the past century that actually wiped away once-thriving neighborhoods and private home ownership for many immigrant and minority communities, and what California policymakers can learn form a century of policy mistakes as they seek to alleviate the state’s housing crisis.
Listen here. . . ([link removed])
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Biden’s new plan isn’t any better for your health
The Washington Examiner and MSN | Sally C. Pipes
November 1, 2021
Those billions would subsidize care for the disproportionately wealthy. As the Galen Institute’s Brian Blase has explained, a family of four led by a 60-year-old couple making $159,000 would receive a new $16,845 subsidy under the expansion. Meanwhile, the subsidy for the same family with a household income of $53,000 would only increase by $2,396, according to Blase.
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Biden’s 15% Corporate Minimum Tax Hurts Workers
Right By the Bay | Rowena Itchon
November 2, 2021
The proposal, sponsored by Senate Finance Committee Chairman Ron Wyden and Senators Elizabeth Warren and Angus King, would require companies that have more than $1 billion in profits pay at least a 15 percent tax rate. To get to the 15 percent rate, the tax would be calculated using “book income,” a separate accounting method used in financial statements. “Book income” is the profit or loss that publicly traded companies report to shareholders in their quarterly earnings, and it doesn’t take into account credits and tax deductions companies claim when they file to the IRS.
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When Making Policy Decisions, Quality and Context of Data Should Be Scrutinized
Morning Consult | Wayne Winegarden, Ph.D., and Robert Popovian
November 2, 2021
First, there are the questions regarding the cited estimates: Why do the advocates of drug price negotiation use outdated estimations rather than current actual data to justify their policy? Doesn’t the largest purchaser of biopharmaceuticals — the federal government — have access to the actual real-time data? If not, shouldn’t the federal government first mandate audit rights of PBMs’ ledgers to find out the exact amount they are extracting from the biopharmaceutical industry before jumping in with both feet into the deep end of the pool?
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Federal Covid-19 Response Hurt Small Business, Threatens Future Of American Entrepreneurship
Forbes.com | Wayne Winegarden, Ph.D.
November 1, 2021
Many analysts have noted that the rollout of the PPP program was too slow, and the program quickly became inefficient and poorly targeted. Demonstrating this point are the findings of a study showing that PPP loans increased employment at small businesses by only two percent, at a cost of $377,000 per job saved.
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