CEI Today: Cost of tax compliance, Obamacare architect absent, and the dark heart of the divestment movement

Thursday, Oct. 16, 2014
In the News Today




Forbes: Red Tape Roundup: Reckoning The Costs Of Federal Tax Compliance

The dollar cost of the federal tax component of all this complexity (direct compliance and efficiency losses) is not accounted for anymore by the federal government. But the estimated seven billion hours it takes to deal with Treasury Department paperwork is depicted in the federal Information Collection Budget. > Read more

> Interview Wayne Crews


Update: Where in the World is Jonathan Gruber?

Wednesday the plaintiffs in King v. Burwell filed the last brief regarding the cert petition now before the Supreme Court. It effectively rebuts each of the government’s arguments against Supreme Court review. 

For starters, there’s some interesting history about the government’s switch in its tactics on timing. And, the government did not mention Jonathan Gruber at all. Gruber, “the ACA architect whose work it cited in every brief below … is nowhere mentioned now.” > Read more



Globalwarming.org: The Divestment Movement’s Heart of Darkness


In Real Clear Markets today, economist Ben Zycher of the American Enterprise Institute calls out the hypocrisy of the divestment movement - the movement that urges colleges, foundations, local governments, and other large investors to sell their stock in 200 coal, oil, and gas companies with the highest reported “carbon” reserves. Supposedly, this will depress the capitalization and asset value of the fossil-energy sector, hastening its demise.

Fossil energy companies exist only because other industries — manufacturing, agriculture, telecommunications, etc. — require energy to create products and services. Governments, too, are large energy consumers. So if investors have a moral imperative to bankrupt carbon-energy production, they should dump all their stocks and bonds.
> Read more

> Interview Marlo Lewis



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