Oklahoma Attorney General Scott Pruitt has filed a lawsuit alleging the Obama administration is violating the Patient Protection and Affordable Care Act and imposing illegal taxes in states such as Oklahoma. As Jonathan H. Adler and Michael F. Cannon detail in their forthcoming Health Matrix article, “Taxation Without Representation: The Illegal IRS Rule to Expand Tax Credits under the PPACA,” the PPACA cannot function without state buy-in. The Obama administration’s response to state push-back has been to rewrite the statute by imposing, on both employers and individuals, taxes that Congress never authorized. Pruitt is challenging the IRS rule that imposes those illegal taxes. Supporters and opponents agree the PPACA’s “entire structure” depends on the IRS’s interpretation of the statute, and that this dispute “could be a fatal blow to Obamacare.”
Featuring Benjamin H. Friedman, Research Fellow in Defense and Homeland Security Studies, Cato Institute; Spencer Ackerman, Senior Writer, WIRED Magazine; and Julian Sanchez, Research Fellow, Cato Institute; moderated by Laura Odato, Director of Government Affairs, Cato Institute.
In the new issue of Cato Policy Report, Cato President and CEO John A. Allison argues that the Federal Reserve is increasing the long-term risk in our financial system through both its monetary and regulatory policies. Also in this issue, James D. Gwartney looks at the incomplete “public choice revolution,” and explains how mainstream economics is leaving both current students and the general public with a misleading, false, and romantic view of government and the operation of the democratic political process.
May 17, 2013
May 17, 2013
Latest CommentaryThere’s evidence that the Justice Department’s seizure of Associated Press phone records is far from unprecedented.
Featured BookRenowned development economist Deepak Lal draws on 50 years of experience around the globe to describe developing-country realities and rectify misguided notions about economic progress.
More Bang for Your Buck
The Cato Institute tops a new measure of think tank performance in the United States, according to a recent report. Cato bested all other U.S. think tanks in the main category of “Aggregate Profile per Dollar Spent.” “I’m grateful to the Center for Global Development for showing that Cato gives its sponsors something I wish government gave more of to taxpayers: bang for the buck,” said Cato CEO John Allison.