CEI.org: Obamacare Architect Admitted in 2012 States without Exchanges Lose Subsidies
Last week, an unprecedented circuit split emerged in Halbig v. Burwell and King v. Burwell over whether health insurance premium assistance is available in states that didn’t set up health insurance exchanges. Many commentators have since claimed that there’s no way Congress intended to deny premium assistance to residents of the 36 so-called “refusenik” states that have not set up their own health insurance exchanges.
But in January 2012, Jonathan Gruber—an MIT economics professor whom the The New York Times has called “Mr. Mandate” for his pivotal role in helping the Obama administration and Congress draft the Affordable Care Act—told an audience at Noblis that:
What’s important to remember politically about this is if you're a state and you don’t set up an exchange, that means your citizens don't get their tax credits—but your citizens still pay the taxes that support this bill. > Readmore
CEI.org: Subprime Auto Concerns Caused by Government Intervention
Should we worry about a crisis in subprime auto loans? That question has been asked in the financial media lately.
My answer is yes, with caveats. While there are important differences in the auto and mortgage markets, there are similar government interventions that have the potential to fuel a bubble in car loans the same way they did for home loans.> Read more
Globalwarming.org: Wasted in Margarita Island: Hugo Chavez as Climate Action Hero (Some People Say There’s a Capitalist to Blame)
The top story in international climate news this week is the Margarita Declaration issued in the name of 130 ‘social’ (non-governmental) organizations participating in the July 15-18 Social Pre-COP meeting on Margarita Island, Venezuela. The groups don’t sign the document, so we don’t know which (or how many) of them actually endorse it. Basically it’s a rant demanding that ‘social’ organizations have more clout in climate treaty negotiations. The Margarita Declaration is an anti-Western harangue in the style of Fidel Castro. > Read more > Interview Marlo Lewis
CEI's Warren T. Brookes Journalism Fellowship is a one-year fellowship that aims to provide journalists the opportunity to improve their knowledge of free markets principles and limited government through interaction with CEI policy experts. > cei.org/warrenbrookes