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ADVANCING OUR NATION’S FREE MARKET PUBLIC POLICY
RECENT NEWS


Worker 401(k)s Should Not Fund ESG Shareholder Activism
The Labor Department just delivered a major win for 401(k) workers, retirees, and Main Street investors. Under the guidance, proxy advisory firms can be treated as fiduciaries under ERISA when they exercise control over shareholder voting rights or provide paid advice to retirement plans about how to vote. That means these firms cannot use other people’s retirement money to push ESG, DEI, or other political agendas. They must act for the financial benefit of workers and retir
Ryan Ellis


Congress Should Stop Raiding the Highway Trust Fund for Buses and Subways
Congress should stop treating the Highway Trust Fund like a slush fund. The fund was created to support roads and bridges, paid for largely by drivers through the gas tax. But new analysis from EPIC for America’s David Ditch shows that in fiscal year 2024, roughly $22.4 billion of Highway Trust Fund spending, or 30.1 percent of the total, was diverted away from the nation’s core highway system. Reform should be a top priority when Congress writes the next highway bill in 2026
Ryan Ellis


AmazonSmile’s Demise Exposed the Risk of SPLC Gatekeeping
The Justice Department’s indictment of the Southern Poverty Law Center should force a broader reckoning over how much power corporations gave one activist group to police the nonprofit world. The charges are allegations, and SPLC is entitled to defend itself in court. But the indictment raises a basic question that conservatives have been asking for years: why was SPLC treated as a trusted gatekeeper for charities, platforms, and public debate in the first place? DOJ Alleges
Ryan Ellis


Trump’s Charitable Drug Reform Protects Patients and Taxpayers
The 340B drug discount program was supposed to help low-income patients get cheaper prescription drugs. Instead, it has become a taxpayer-subsidized profit center for large nonprofit hospital networks that buy drugs at steep discounts, bill insurers and government programs at higher rates, and keep the spread. The Washington Post editorial board’s new op-ed calls the program what it has too often become: corporate welfare for hospitals. The Center for a Free Economy and more
Ryan Ellis


CFE Highlights Working Families Tax Cuts Across Video Series
The Center for a Free Economy has been highlighting how the Working Families Tax Cuts are delivering broad relief for workers, families, seniors, small businesses, and family-owned farms. Through a growing series of short videos tied to CFE blog posts, CFE has explained how the law lowers taxes on tips and overtime, strengthens the Child Tax Credit and standard deduction, expands education choice, improves Health Savings Accounts, provides auto loan relief for American-built
Ryan Ellis


Washington Should Not Risk Another Taxpayer Bailout of Bad Mortgages
The 2008 housing collapse showed what happens when mortgage risk is ignored, understated, or pushed onto someone else. A new DC Journal op-ed by Ryan Ellis warns that Washington should not weaken one of the basic safeguards that helps lenders understand borrower risk before a mortgage is approved: tri-merge credit reporting. Tri-merge credit reporting requires lenders to review credit reports from all three national credit bureaus when underwriting a mortgage. That full view
Ryan Ellis


Brookings Charts Show Tax Hikes Cannot Fix Washington’s Spending Problem
A new Brookings Institution chart book by Jessica Riedl delivers a blunt warning for Washington: the federal budget problem is being driven by spending, not a lack of tax revenue. The charts show that even extremely aggressive tax hikes would fall far short of stabilizing the long-term budget, while higher tax rates on work, investment, and business would threaten growth and competitiveness. The Math Does Not Support a Tax-Hike-Only Strategy The most striking chart shows that
Ryan Ellis


Voters Want Congress to Repeal the Homeowner Inflation Tax
A new national poll released by the American Property Owners Alliance shows voters are ready for Congress to fix one of the most outdated parts of the tax code: the capital gains tax on home sales. The survey, conducted by OnMessage Public Strategies, found that 70% of voters oppose the current capital gains tax on home sales, including majorities across the political spectrum. The poll also found that 82% of Americans support adjusting the tax to account for inflation, with
Ryan Ellis


Congress Should End the Phantom Capital Gains Tax
Millions of Americans are paying taxes on gains they never chose to realize, and Congress has a clear opportunity to end this unfair treatment. The “Generating Retirement Ownership Through Long-Term Holding Act,” or “GROWTH Act,” H.R. 2089 and S. 1839, would fix one of the stranger features of the tax code by allowing mutual fund investors to defer taxes on reinvested capital gain distributions until they actually sell their shares. In a recent op-ed in The Hill , CFE Presid
Ryan Ellis

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