Business (page 6)

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    Nobody needs to be coerced to get better results

    Employer-provided health insurance shields workers from the cost of care and the cost of insurance, distorting the market for health care in two ways. Large premium increases also take money that could have gone to wages. In spite of these harms, most medium-sized and large employers provided insurance to their…
    Joseph Coletti, July 9, 2018
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    Trump the free-trader?

    Joseph Calhoun argues at Real Clear Markets that the Trump administration has taken recent steps that suggest a shift away from the protectionist message that helped decide the 2016 election. Donald Trump’s views on trade until this reset, were of the nativist, mercantilist variety, views long ago discredited…
    Mitch Kokai, July 9, 2018
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    Barron’s offers a tariff history lesson

    David Breuhan writes at Barron’s that President Trump could learn lessons about tariffs from fellows named Smoot and Hawley. Stock markets don’t react well to tariffs, which lift costs, result in shortages, and hurt corporate profits. History suggests that the market won’t top its January record until the…
    Mitch Kokai, July 9, 2018
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    National Review pans Trump trade bill

    Editors at National Review Online explain why they oppose the outlines of a proposed bill to give President Trump more power over trade policy. As of now, the U.S. Fair and Reciprocal Trade Act is purely imaginary. But we know from a leaked draft that the bill —…
    Mitch Kokai, July 5, 2018
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    Pushback against Trump tariffs

    Burgess Everett reports in Politico that Republicans on Capitol Hill are speaking out against the president’s tariffs. Republican senators are at their breaking point with Donald Trump’s protectionist trade blitz. Not a party meeting goes by these days where multiple Republicans don’t vent that the president isn’t listening…
    Mitch Kokai, July 4, 2018
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    The political impact for unions from a recent Supreme Court ruling

    Bill McMorris of the Washington Free Beacon reports on the potential impact for American labor unions of the Janus Supreme Court ruling. The largest public-sector unions in the country may lose up to 400,000 fee payers after the Supreme Court declared mandatory payments unconstitutional. The decision could cut…
    Mitch Kokai, July 3, 2018
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    Trump, Harley, and American trade tiffs

    Kevin Williamson of National Review Online sides with Harley-Davidson in its confrontation with the Trump administration over plans to build more Harleys overseas. Harley-Davidson, like the Pilgrims, finds itself at odds with the authorities. In this case, it is the Trump administration, which is displeased with the Motor…
    Mitch Kokai, July 3, 2018
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    Remember that argument that tax reform would bring money back to the U.S.?

    Jeffrey Cimmino of the Washington Free Beacon reports on the latest data linked to American businesses’ return of money earned overseas. One argument supporting the 2017 federal tax reform package was its likely impact on businesses with overseas holdings. The Bureau of Economic Analysis (BEA) revealed that over…
    Mitch Kokai, June 28, 2018