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Stop Pharma From Hiding Behind Native Americans

 

America’s pharmaceutical industry has a problem, and that problem is the rule of law. One can draw no other conclusion, based on the industry’s recent actions. I refer specifically to the pharmaceutical company Allergan’s recent optically baffling attempt to outright circumvent U.S. patent law by selling their patents straight to… a Native American tribe. Yes, […]

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Prevailing-Wage Laws Cause Permanent Harm

 

Local and county lawmakers are often hard-pressed to do more for taxpayers at maximum efficiency. Taxpayers want top-rate government buildings, schools, and parks for their communities, but they also don’t want to pay unnecessarily high taxes. What if I told you there was a way to have better government facilities built without having to raise […]

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HQ2 = PU.E 2: Something Is Rotten in Amazon’s Request for Proposals

 

If you have been following the business news over the past couple of weeks, you know about “HQ2.” It is the most sought-after prize — the biggest pot of gold, if you will, at the end of a shimmering rainbow — in the entire history of economic development projects underwritten by tax breaks and subsidies […]

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The Age of Corporate Welfare Is Upon Us

 

Asked to describe the notable political themes during the Trump presidency so far, the average American would likely mention political polarization, escalating tensions on the Korean peninsula, and debates over health care policy. One theme they likely would not mention would be the rise of corporate welfare. Wealthy corporations receiving unnecessary, targeted tax breaks is […]

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Economic Development: The Joke’s on Us

 

In the HBO show Silicon Valley, there’s a running joke about server farms as gulags. The data center on the show is utterly removed not just from the currents of innovation and finance, but from normal human contact, and it’s managed by a character borrowing his affectless demeanor from Ben Stein in Ferris Bueller’s Day […]

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The Patent Troll Lobby Never Learns From SCOTUS

 

Here’s a simple question for you: If, every time you faced a particular court, it found against you either unanimously or close to it, would you not do anything possible to avoid that court? To most people, the answer to this question would seem to be “yes.” However, for the extortion rackets known as patent […]

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China’s Two Front IP War

 

President Donald Trump’s recent decision to investigate China’s theft of American intellectual property (IP) is as good a sign as any that “America First” was more than just a campaign slogan. And when it comes to intellectual property theft, the President is entirely correct that China ranks at or near the top of all offenders […]

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Amazon Doesn’t Need Another Tax Break

 

Amazon is building a new headquarters, and it wants you to pay for it. That’s the gist of Amazon’s solicitation of bids for its second HQ, which sets up a reverse auction encouraging cities to bid against each other with more significant targeted tax breaks for the retail giant. The economic benefits Amazon offers may […]

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Tax Reform Trepidation

 

During a recent speech in North Dakota, President Trump referred to the tax code as a “giant self-inflicted economic wound,” and urged Congress to take up the mantle of tax reform. And rightly so. The president, after losing a bruising fight on Obamacare repeal, is looking for a win for his activist base. With Republicans […]

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It Can Be Done: Taxpayers Don’t Have to Fund Every Private Venture

 

Las Vegas Walk past the water flowing over marble walls, cone-shaped sculptures and various eateries in The Park between the New York-New York and Monte Carlo casino hotels and you’ll reach T-Mobile Arena, which on a recent June day was preparing for a Queen and Adam Lambert concert, with Iron Maiden coming up in a […]

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