Congress Should Oppose the So-Called "Local Radio Freedom Act"
Elementary concepts of fairness demand that musical artists and performers remain free to negotiate performance rights with broadcasters that seek to play their songs. Indeed, current law allows artists to mutually bargain with satellite, Internet and cable stations.
The only exception: traditional AM-FM radio stations, which are unfairly protected by federal law from having to negotiate with artists for performance rights. This is precisely the sort of crony capitalism against which the American electorate is increasingly irate.
Unfortunately, rather than advocating market reform, some in Congress wish to cement the current protectionist status quo. Under the so-called "Local Radio Freedom Act," whose very name contradicts its real-world effect, terrestrial radio's unjustifiable…[more]
If the Obama administration thought that canceling millions of individual insurance plans ahead of ObamaCare’s first enrollment period threatened to kill the controversial health law, wait until taxpayers get to experience paying penalties to a dysfunctional IRS.
By now, most Americans are aware that ObamaCare tasks the Internal Revenue Service with collecting the individual mandate tax from people who did not have health insurance during 2014. This year, that means people in violation pay the greater of $95 or 1 percent of their personal income. The amounts rise quickly every year.
"The current fashion among progressives is the demand for a $15/hour minimum wage. Bernie Sanders supports it, Elizabeth Warren supports it, Martin O'Malley supports it, and Hillary Rodham Clinton . . . won't quite answer the question. The Congressional Budget Office estimates that a $15/hour minimum wage would throw 3.3 million Americans out of work. Jonathan Meer and Jeremy West of Texas A&M…[more]