Tax-exempt hospitals receive billions of dollars in tax benefits each year to support their charitable missions. Some of those same institutions are spending millions of dollars to put their names on stadiums, arenas, and other sports facilities. Valley Children’s Healthcare in California, for example, entered a 10-year, $10 million partnership with Fresno State that included naming rights to the university’s football stadium. According to Stateline, the agreement included ac

The Medicare system is on the verge of bankruptcy. By this time next decade, there will not be enough money in the system to pay full promised benefits. Without cost savings, America's $40 trillion national debt will get even bigger just to pay scheduled Medicare benefits to seniors. Some of Medicare’s problems are rooted in the program’s basic design and will require broader reforms. But Congress can begin addressing the immediate budget problem with a relatively simple appr

Rep. Anna Paulina Luna (R-Fla.) is proposing a 2 percent cap on federal student loan interest rates as a way to provide relief to borrowers. The proposal has an obvious populist appeal, but it overlooks how federal subsidies have shaped the economics of higher education. Lower interest rates would reduce financing costs for borrowers. They would not reduce the price colleges charge. By making tuition less expensive to finance, the proposal could weaken pressure on colleges to

The Trump administration is reportedly considering a significant change to federal child care policy that would extend federal assistance to some married couples in which one parent works and the other stays home to care for their children. The proposal responds to a legitimate imbalance in current policy. Federal child care programs and tax benefits generally provide assistance when parents pay someone else to care for their children, while offering less support when a paren

American manufacturing is showing renewed strength, with recent employment and industry data pointing to increased production, hiring, and investment. The gains come as businesses begin operating under the permanent pro-growth provisions of H.R. 1, the Working Families Tax Cuts. The August jobs report showed employers added 162,000 jobs, including 127,000 in the private sector. Manufacturing employment increased by 16,000 during the month, bringing total manufacturing employm

Banking regulation rarely attracts the attention given to taxes, health care, or other pocketbook issues. But millions of Americans rely on the nation’s largest banks for checking accounts, credit cards, payments, savings, and other financial services. Changes to federal banking rules can have consequences well beyond Wall Street. Nearly three-quarters of Americans have an account with a large national bank, including JPMorgan Chase, Bank of America, Wells Fargo, and Citibank

A new analysis of federal prescription drug price controls finds that policies intended to lower costs today could result in higher drug spending over the long term by discouraging generic and biosimilar competition. Writing in RealClearHealth, University of Chicago economist Tomas J. Philipson argues that the prescription drug price controls enacted under the Inflation Reduction Act could weaken the competition responsible for some of the largest reductions in drug prices. H

Congressional support is growing for legislation aimed at confronting foreign government drug price controls and reducing the burden they place on American patients and businesses. Sen. Tim Sheehy (R-Mont.) has introduced S. 5265, the “Use Sovereignty to Reduce Rx Act,” or “USTRx Act,” establishing a Senate companion to legislation introduced in the U.S. House by Rep. Jodey Arrington (R-Texas). The Senate introduction marks an important step forward for the USTRx Act and foll

Sen. Bernie Moreno (R-Ohio) has joined Sen. Elizabeth Warren (D-Mass.) in calling for the elimination of the Social Security payroll tax cap, a proposal that would subject all wages and self-employment income to the program’s 12.4 percent payroll tax. In a recent op-ed for The Hill, CFE President Ryan Ellis warns that the proposal would amount to a significant tax increase on work, entrepreneurship, and small businesses without addressing the underlying cause of Social Securi