President Trump’s budget proposal, unveiled on Thursday, would have dramatic and detrimental effects on Mainers across the state, as it eliminates or reduces federal spending on a number of critical programs that help Maine build a strong economy and vibrant, thriving communities. Nearly every department of the federal government faces a reduction in its budget, which translates to across-the-board impacts at the state level, from protecting Maine’s … Read the rest
New analysis by MECEP shows that the Washington Republicans’ plan to replace the Affordable Care Act will hit Mainers especially hard, due to the restructuring of federal subsidies for health insurance purchased through the individual market. The House GOP plan, officially known as the “American Health Care Act” (AHCA), was unveiled Monday. Among a number of provisions, it seeks to shift federal subsidies for health … Read the rest
Economic impact analysis is not an exact science. It is rife with assumptions. Bad assumptions result in bad analysis. And bad analysis yields bad public policy.
Look no further than the “Kansas experiment” for the disastrous consequences of policy based on such junk science. The mastermind behind the Kansas tax reform, Arthur Laffer, is notorious for peddling an economic theory that has no grounding in the real world. … Read the rest