John C. Goodman

Goodman: Conservatism Needs a Reset

Goodman: Conservatism Needs a Reset

William F. Buckley is best known for promoting a fusionist approach on the right – uniting traditionalists and classical liberals in a common cause — especially in National Review. Yet in the latest, Buckley’s former debating partner, John C. Goodman says this approach is not working. Those who believe “We should stand athwart history yelling stop” have no appeal for the young, he says. “They generate none of the energy and enthusiasm needed for a successful political movement.”

Goodman says conservatives should focus instead on reforming institutions, liberating people and making the world a better place. “The classical liberals were reformers,” he says.” To be successful, modern conservatives must follow in their footsteps.”

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Father of Health Savings Accounts Says We need One, Universal Account

Father of Health Savings Accounts Says We need One, Universal Account

More than 80 million people have some kind of savings account targeted for health care. But the system needs reform:

·     By law, seniors cannot make deposits to an HSA

·     Almost no one with Obamacare insurance has an HSA

·     Among those who have an account, money cannot be used to pay the fees of “direct primary care” doctors – who are available by phone, email and Skype and as an alternative to emergency room care at nights and on weekends.

·     It is impossible to structure HSAs for diabetes and other chronic conditions

Writing in, John C. Goodman says there should be one, easy-to-use account available to everybody. Sen. Ben Sasse (R-NE) has introduced a plan to move in this direction.

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The Case for I Bonds

The Case for I Bonds

Right now, the interest rate adjusted for inflation on government securities is negative. Today’s yields on TIPS (Treasury Inflation Protected Securities) are minus 1.81 percent out five years and minus 0.21 percent out 30 years. But Series I Saving Bonds issued by the US Treasury are offering a real rate of interest of zero fixed for 30 years. You can invest up to $10,000. You don’t receive interest until you cash in the bonds. And you don’t have to ay taxes on inflation-generated returns.

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A Smarter and Fairer Student Loan Fix

A Smarter and Fairer Student Loan Fix

A far better, fairer and simpler student-loan reform is available. It lets students, as well as their parents, borrow at the government’s long-term Treasury bond rate. The current rate is 1.85 per cent. College students face a 2.75 per cent borrowing rate, graduate and professional students face a 4.30 per cent rate, and parents, who borrow to help finance their children’s education, face a 5.30 per cent rate. Hence, this proposal, which would permit federal and private loans to be refinanced federally at the prevailing 30-year rate, would substantially lower the cost of borrowing for higher education.

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Why Trump lost the Election: Health Care

Why Trump lost the Election: Health Care

The editors of the Wall Street Journal, the editor of National Review (Rich Lowry) and John Goodman all agree: Trump didn’t endorse the plan outlined by Goodman and Heritage Foundation scholar, Marie Fishpaw.… Oops…. Trump actually did the things Goodman and Fishpaw recommended, including allowing people to talk to their doctors by phone, email, and Skype; allowing employees to have access to 24/7 primary care as an alternative to the emergency room, and allowing employer-provided health insurance to be personal and portable. But Trump never talked about any of this. So, he didn’t get credit for any of it.

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Tax Reform on the Ballot in Georgia

Tax Reform on the Ballot in Georgia

A new study of the 2017 federal tax cuts has found that, although controversial when adopted, the tax reform law will lead to lower taxes and higher wages as the average Georgia household will enjoy more than $39,000 in economic benefits over their lifetime. That’s the conclusion of a new study by Boston University professor Laurence Kotlikoff and funded by the Goodman Institute for Public Policy Research. An earlier study by Kotlikoff and economists at the Federal Reserve Bank of Atlanta estimated the gain at $22,676 because of personal income tax cuts. The new study adds the impact of lower corporate taxes.

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Four years of Argument Ad Hominem

Four years of Argument Ad Hominem

Donald Trump is probably the most consequential president of our lifetime. Yet in the four years of his presidency, I can recall very few instances where one of his major policy changes was rationally discussed on the editorial pages of the New York Times. Instead, it’s been four years of a steady stream of name calling. 

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Our Priorities

Our Priorities

The Goodman Institute is doing work not done by any other organization – especially in the areas of tax, health care and entitlement policy.  Without our work the nation might not have obtained tax reform. Now we need to defend it. The Trump administration used many of our ideas to deregulate the health care system – often by executive order.  And we have developed a unique set of policy ideas for three groups of people who are critical in elections: seniors, women and people with pre-existing conditions.

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Our Priorities

GOP Tax Reform is Worth $39,000 to Georgia Families

Because of lower taxes and higher wages, the average Georgia household will enjoy more than $39,000 in economic benefits over their lifetime thanks to the 2017 federal tax cuts. That’s the conclusion of a Goodman Institute study by Boston University professor Laurence Kotlikoff. An earlier study by Kotlikoff and economists at the Federal Reserve Bank of Atlanta , also partly funded  by the Goodman Institute, estimated the gain at $22,676 because of personal income tax cuts. The new study adds the impact of lower corporate taxes. 

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Q & A on the Labor Market

Q & A on the Labor Market

Finance and accounting are probably the easiest health care services to outsource. But the potential list is growing. It’s estimated that one-third of all physician visits could be replaced by consultations using Zoom, Skype or Facebook – and the incidence of such remote consultations is soaring.

In the future, your doctor could be in India. So could your accountant, your lawyer and dozens of others who produce goods and services you consume.

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