The Leaflet - Supreme Court Edition
In what has been one of the most anticipated cases in decades, the constitutionality of the Patient Protection and Affordable Care Act was argued before the Supreme Court of the United States earlier this week. In total, 26 states filed lawsuits against the federal health care law, and a ruling is expected in June.
After three days of oral arguments, the most significant decision will be whether the individual mandate provision is constitutional. Based on the lines of questioning from the Justices, many scholars cautiously believe that the individual mandate will be ruled unconstitutional. It is less certain whether the entire law will be struck down as well.
Regardless of the Court’s ruling, states will face big decisions regarding Medicaid and health insurance exchanges as a result. As Research Fellow Benjamin Domenech stated in response to oral arguments, “for states determining how to proceed, there is every reason to delay action and implementation now until the Court and the people resolve this matter in an opinion and an election over the coming months.”
To help you understand the arguments the Supreme Court has heard this week, The Heartland Institute offers its Research & Commentary: Supreme Court Series. Below you can find direct links to each part of the series as well as a summary of its contents.
This week’s edition of The Leaflet features research and commentary addressing repatriation, EPA rules, special-needs vouchers, cell phone shutdowns, and Texas budget solutions.
Research & Commentary: Supreme Court Series
The Obamacare Individual Mandate
Severability and Obamacare
The Expansion of Medicaid
What We're Working On
Research & Commentary: Repatriation of Foreign Earnings
To avoid high U.S. corporate tax rates, U.S.-based companies operating internationally have kept their foreign earnings in subsidiaries overseas rather than bringing them back to the United States. They do this because U.S. marginal tax rates are, by some measures, the highest in the developed world. Some financial experts say the high cost of repatriating foreign earnings has led to billions of dollars in capital becoming “frozen” in the financial systems of more tax-friendly countries. In this Commentary, Legislative Specialist Matthew Glans examines the repatriation of foreign earnings and corporate income taxes.
In his 2012 State of the Union Address, President Barack Obama proposed creating a “minimum tax” on foreign earnings of U.S. multinationals in order to prevent this. Critics of the president’s proposal say accusing U.S. companies of stowing money abroad to “avoid paying taxes” is disingenuous.
Members of Congress from both parties recently called for a “tax holiday” on repatriated earnings, similar to one implemented in 2004. Such a tax holiday would be only a temporary first step in a needed overhaul of U.S. corporate tax policy. The long-term solution is to reduce the corporate tax rate permanently to a level competitive with other nations while switching to a territorial tax system that exempts most foreign profits from U.S. taxes
Heartland Institute Responds to EPA Emissions Rule
Lisa Jackson, administrator of the U.S. Environmental Protection Agency, announced this week that the agency will tighten restrictions on greenhouse gas emissions from new power plants, a move opponents say could essentially ban the construction of new conventional coal-fired power plants. The Heartland Institute’s environment experts weigh in on the costs of such regulation.
Seven states currently offer special-needs students the opportunity to take their public funds to a private school, and at least 10 more states are currently considering similar legislation.
The expense and extent of education services targeted at students diagnosed as disabled or with a learning disability such as dyslexia or ADHD has increased markedly in the past 50 years, since the federal government began dedicating funding for such students. Schools have strong financial incentives to diagnose students as special needs, because the school receives more money. Parents of special-needs children also litigate for more money for these services.
Some special-needs advocates say the answer is more money and more programs. The research on many disorders such as autism is still wide open, so much more experimenting remains to be done to determine the best ways to educate students with these disorders. Many families have different opinions about what kind of education is best for their special-needs child.
Real Texas Budget Solutions: 2013 and Beyond
Texans must rethink how we fund and operate Texas state and local governments in order to reduce dependence on the government, foster economic growth, and deliver improved, streamlined services to Texans. In other words, Texas government must learn to live within its means so that all Texans will continue to enjoy the nation’s top job-producing economy.
The following reforms will guide us down this path, providing away to prosperity for all Texas families by decreasing state overspending by $1.1 billion in 2012-13 and $8.3 billion in 2014-15and reducing the future spending growth.
The Federal Communications Commission is seeking public comment on when it is appropriate for a local government to shut down mobile networks without notice, after San Francisco officials interrupted wireless services last August.
The FCC promised a probe in December after San Francisco’s Bay Area Rapid Transit system blocked cellular service for commuters in anticipation of a rumored riot. BART claimed protestors would coordinate a riot through the use of cell phones as was done in the London riots last spring. The San Francisco protests were in response to the fatal shooting of a BART passenger by the transit system’s police in July 2011.
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The March issue of FIRE (Finance, Insurance, and Real Estate) Policy News reports on Louisiana’s unusually expensive automobile insurance rates, symptomatic, author Kevin Mooney writes, “of public policy favored by trial lawyers that typically results in anti-business settlements.”