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ARTICLES
Beware Congress' Latest Big Pharma Enrichment Scheme
by Edward Woodson
As published on Townhall - June 28, 2023
It plans to drive Americans' medication prices up to fill its own pockets.
Why is Congress continuing to help Big Pharma avoid accountability and suck every penny it can from Main Street?
From July 2021 to July 2022, major pharmaceutical companies inflated the prices of over 1,000 drug products by over 31 percent - and some by over 500 percent. Things aren't getting any better: Over 1,000 drugs have already seen an increase in cost this year. It has gotten to the point where some American families must choose between putting food on the table or taking their medications.
A "sleight of hand" is a trick magicians use to deceive and manipulate audiences. It seems clear that some woke companies share the same talent.
When the Target Corporation climbed deep into the culture war by promoting and selling what many argue is sexualized clothing to children, the American people responded in disgust. As a result, the company has lost more than $10 billion in value.
As the #BoycottTarget movement began to catch fire, many politicians, including Ohio's Sen. J.D. Vance (R-Ohio) and Rep. Lance Gooden (R-Texas) proclaimed their fidelity to the boycotters.
Read On ...
Florida Should Say No To New Corporate Welfare
by Edward Woodson
As published in the Sun Sentinel - May 2, 2023
Gov. Ron DeSantis has vowed "to win on every single issue involving Disney." One crucial way he can do so is to oppose any pending legislation in the Florida Legislature that would provide it and other large companies an unfair marketplace advantage.
For example, a pair of bills that the legislature is expected to vote on in the coming days, House Bill 677 and Senate Bill 564, would create onerous reporting requirements on Main Street. This would put millions of dollars into Disney's corporate coffers every year, but it would do so at the expense of Florida's consumers and small businesses.
HB 677 and SB 564 target a part of the electronic payment system known as interchange, which is the cost businesses pay to accept credit and debit cards. These proposals would prohibit electronic payment costs from including specific state and local sales taxes.
Currently, Florida businesses' credit card payments are processed in full as one lump transaction, which includes the interchange fee and all the relevant local and state taxes the business must pay on the sale. Big Florida companies want to use the force of government to change this set-up so that the taxes are calculated separately
HB 677 and SB 564 assume that every business has the software needed to separate tax amounts from sales - or that they can afford the extra fees that will come as a result of banks doing it for them - when only the big ones like Disney do.
If the bills pass, Florida's small business owners - who currently don't even have to think about it when processing credit transactions - would have to spend their time and resources calculating, determining and remitting their tax information for all electronic payments. This onerous task would cost them significantly, and consumer benefits and transaction security would decline as a result.
The only thing consumers will get for trading in their benefits and security is the opportunity to watch Disney grow in size and scope. In fact, one expert told the Florida Legislature that "on ticket sales alone," the company would make an extra half a million dollars a month if HB 677 and SB 564 ever went into effect.
That's why a coalition of over a dozen nonprofits, consumer groups and advocacy organizations, including the James Madison Institute (Florida's leading think tank) and Americans for Tax Reform (a top Washington, D.C., think tank) sent a letter to the Florida Legislature urging it to reject this legislation, which they wrote risks creating "higher costs for Floridians in a time of out-of-control inflation."
With a net worth of over $108 billion, Disney is currently the 53rd wealthiest company on the Fortune 500 list, and its revenue for the first quarter of 2023 grew by an impressive 8%. The last thing the company needs is another bailout from the statehouse.
Rather than interfering with free enterprise in a misguided attempt to protect the state's small businesses, Florida's elected officials should stick with what's proven to work time and time again - namely, lowering taxes and regulatory barriers. That's what Main Street has asked for repeatedly, and it knows what's better for itself than Disney does.
It's long past time for the statehouse to stop these crony corporate shell games. Here's hoping our lawmakers make the right decision with a little push from the governor. Read On ...
What Trump's Arrest Proves About Dark Money Democrats
by Edward Woodson
As published on Townhall - April 26, 2023
It's not breaking news to point out that President Trump probably is going to try to work the refs some in his upcoming trial in New York.
He's already informed Americans that the judge is a partisan contributor to Joe Biden and the prosecutor is trying to score political points and potentially move to higher office based on his being able to claim he was the one who brought down Trump.
It's only fair. The other side is working the refs against him. Trump has accused Alvin Bragg, the prosecutor in New York, of being backed by Hungarian socialist and convicted currency manipulator George Soros. Soros has donated to groups that in turn made contributions nearly identical in amount to contributions those groups made to Bragg's campaign.
Read On ...
Florida Is Especially Vulnerable To Chinese Espionage
by Edward Woodson
As published in the Sun Sentinel - January 17, 2023
Now that Congress is finally back into session and has voted in a new Speaker of the House, the time has come for the body to crack down on the Chinese Communist Party espionage that is crippling Florida's small businesses and threatening the safety and security of the state's 21.7 million residents.
The list of Florida incidents of this abuse is endless. Take, for example, the Orlando-based Chinese citizen who smuggled underwater drone parts over a 12-year period to help the Chinese Communist Party conduct its military research. Or the University of Florida professor, a Chinese citizen, who was charged with fraud last year for using $1.8 million in U.S. grant money to, according to a U.S. Attorney, "further the research goals of the Chinese Communist government," who followed a similar playbook. These CCP agents represent a threat to this great state's prosperity, and they need to be held accountable. Read On ...
