The Export-Import Bank of the United States (Ex-Im Bank) is among the federal government’s least-known but most obvious examples of corporate welfare. Its populist mission – the subsidization of American exports – might appeal to a wide swath of economically unsophisticated observers, but it is nonetheless an unfair giveaway of tax dollars. The Ex-Im bank […]
Some Animals Are More Equal Than Others
In April, I wrote about a developing story that some members of Congress were looking for ways to get themselves and their staff out from participating in Obamacare. There was such a large kerfuffle and outrage about it that news reports quickly surfaced that Congress was doing no such thing. Yesterday Politico broke another story […]
Reform on Sugar Policy Isn’t Getting Sweeter
The Senate overwhelmingly approved its version of the Farm Bill on June 10, 2012 with a vote of 66-27. There is plenty to say about what is in the $955 billion legislation—with more than $760 billion for going to food stamps and nutrition programs, and billions more going to various other programs, it seems that […]
Internal Revenue (Dis)Service
The Internal Revenue Service (IRS) is under heavy scrutiny after a report by the Inspector General (IG) at the Treasury Department. Recent videos have surfaced showing IRS employees practicing the popular dance, “the cupid shuffle” and parodying Star Trek. Costing more than $50,000, these videos add visual representations of the service’s recent misuse of tax […]
Recovery Audit Contracting: The Wave of the Future
On the large list of sources of waste in Medicare, improper payments are near the top. According to a February 27, 2013 Government Accountability Office (GAO) report, “In 2012, the Medicare program covered more than 49 million elderly and disabled beneficiaries at an estimated cost of $555 billion, and reported improper payments estimated to be more than $44 billion.” Medicare’s high level of complexity and susceptibility to improper payments are among the reasons that the GAO designates Medicare as a high-risk area. One method that has proven successful in reducing improper payments is the increased usage of recovery audit contractors (RACs).
No Sweeter Time for Sugar Reform
Among the bevy of wasteful, misguided, market-distorting policies that comprise U.S. agricultural policy, perhaps none is more convoluted or a product of cronyism than the commodity support program for sugar.
Another IRS Box-Office Hit!
We’ve heard a lot about the IRS’s over-the-top targeting and harassment of conservative and tea party groups and how the agency delayed the groups’ applications for non-profit status. But the hits just keep coming for the IRS. This past weekend, we were treated to the spectacle of IRS employees doing a tax-payer funded line dance […]
Uptick in Part Timers Linked to Obamacare
Trend is Toward Fewer Hours Not More Jobs First, let me offer congratulations to the 165,000 families whose personal unemployment rate went from 100% to 0%, always a joyous event, both in terms of economics, as well as self-worth and esteem, during the last month! Unfortunately, it is widely estimated that the minimum average monthly […]
Peeling Back Another Onion
As I wrote last week, HHS Secretary Kathleen Sebelius has gotten herself into some hot water concerning her solicitation for donations for non-profit groups that will help with the implementation of Obamacare. She asked for donations from corporations, some of which are regulated by HHS, and foundations. Reuters reports the non-profit “Enroll America” seems to […]
Show Me the Money
The Washington Post had an interesting column a few days ago. It seems Health and Human Services (HHS) Secretary Kathleen Sebelius is asking for more money from health industry officials to help implement Obamacare since Congress is refusing to provide more funds. While the effort is caged as asking for “donations” it does not take […]