The Center for a Free Economy supports H.R. 1778, the “American Innovation Act,” introduced by Cong. Vern Buchanan (R-Fla.) in the U.S. House. This legislation expands first-year tax relief for new businesses and removes an outdated barrier in the tax code that makes it harder to get started. Entrepreneurs take risks, create jobs, and drive growth. The tax code should support that effort, not slow it down. What H.R. 1778 Would Do Under current law, new businesses may deduct o

The One Big Beautiful Budget Act moves federal policy back toward growth, work, and fiscal discipline. Anchored by the Working Families Tax Cuts, the law improves incentives across the economy while pairing tax relief with meaningful spending restraint. According to the Congressional Budget Office’s latest outlook , the economy strengthens in the near term as a result of the reconciliation law. After payrolls grew by an average of just 70,000 jobs per month in 2025, CBO proje

On Thursday, the Senate HELP committee will consider a series of bills, and entertain amendments. Senator Bernie Sanders (D-Vt.) will offer several amendments to impose socialized medicine on American patients in the area of prescription drugs. Senators committed to making healthcare more affordable using proven free market solutions should reject his amendments. Sanders Amendment 5 would permit anyone to steal the patent for any prescription drug the government deems too e

President Trump used his State of the Union address to make a clear commitment: protect Social Security and Medicare while expanding access to private retirement savings. He also announced a new initiative aimed at workers who lack access to employer-sponsored 401(k) plans. The proposal would give these workers access to the same retirement plan used by nearly 2 million federal civilian employees, every Member of Congress, and members of the military. It would also include a

Washington just shut down one Medicaid gimmick. States are already building the next one. An important piece in The Federalist  by Brian Blase of the Paragon Health Institute warns that intergovernmental transfers, known as IGTs, are becoming the next major Medicaid taxpayer rip off scheme. If Congress and the Trump administration do not act quickly, this maneuver could explode federal spending all over again. How the IGT Scheme Actually Works Medicaid is jointly funded by s

Nonprofit hospitals receive generous tax breaks. Many are no longer acting like charities. A new National Review  op-ed by Ryan Ellis makes the case clearly: Congress should close the big hospital tax loophole that allows large, highly profitable hospital systems to avoid taxes while providing limited charity care. Federal law grants nonprofit hospitals tax-exempt status in exchange for providing meaningful community benefits. That status is supposed to reflect real charitab

More than 40 million Americans have a Health Savings Account, yet most treat it like a checking account instead of what it truly is: one of the most powerful tax-advantaged savings tools in the tax code. When a medical bill arrives, many families simply swipe the HSA debit card and move on. The balance often sits in cash, earning little or nothing. That approach feels practical, but it sacrifices the most valuable feature of an HSA, which is long-term, tax-free growth. There

Recent redistricting news in Virginia highlights how intense the fight over congressional power has become. Virginia’s Democratic-controlled legislature advanced new congressional maps that could significantly reduce Republican representation in the state’s 11-seat U.S. House delegation, prompting debate over partisan map drawing and a planned April voter referendum on the changes. While this story has grabbed headlines, it reflects only one chapter in a much larger national

President Trump’s aggressive expansion of trade taxes is weakening the economy, and the latest labor market revision makes that harder to ignore. In 2025 alone, previously reported payroll figures were revised down by 1,029,000 jobs. That is the largest annual downward revision in at least two decades. More than one million jobs that were initially reported as created simply were not there. When job growth is overstated by that magnitude, it signals that the economy is not a