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7-31 AFPF-Milton Friedman Day

7-31 AFPF-Milton Friedman Day

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Published by: AFPHQ_NewJersey on Jul 31, 2012
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08/09/2013

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PRESS RELEASE

For Immediate Release – July 31, 2012 Contact: Mike Proto, 201-487-8844/201-281-2700 Contact: Steve Lonegan, 201-487-8844/201-881-6682

Americans for Prosperity Foundation Honors Late Nobel Laureate Milton Friedman
Celebration of Friedman’s Life’s Work Promotes the Free-Market, Limited Government Vision Championed by the Famed 20th Century Economist
TEANECK, NJ – An Americans for Prosperity Foundation (AFPF)-sponsored event held today in Teaneck to honor the late Nobel Laureate Milton Friedman drew more than one hundred New Jersey citizens on the date of what would have been his one-hundredth birthday. The Friedman Legacy for Freedom luncheon event was part of an international celebration of the leading 20th century economist, renowned for his theories on free markets and limited government. Friedman’s free-market, limited government vision was at the heart of addresses delivered by two esteemed policy scholars: Michael Cannon, CATO Institute’s director of health policy studies, and Julian Morris, vice president of research at the Reason Foundation. Cannon, one of the nation’s leading experts on the health care exchanges called for as part of the federal health care takeover, spoke about ObamaCare and outlined the consequences of creating an exchange in New Jersey and other states. Cannon said ObamaCare would prove costly, result in thousands of lost jobs and more people losing their coverage. “This is going to be an incredibly costly and incredibly harmful law,” said Cannon. “The Congressional Budget Office…ha[s] estimated that this law is going to eliminate 800,000 jobs by year 2019.” “Even supporters of the law acknowledge that some people’s premiums will double; increase by thousands of dollars even after you apply all the subsidies that are supposed to shift cost to taxpayers.” “The Robert Wood Johnson Foundation estimated [one regulation] would cause 55,000 very sick Americans, never mind the healthy people, to lose their current coverage. And once these health exchanges take effect even more people are going to lose their coverage because the law creates an enormous incentive for employers to drop benefits, particularly for low-income workers.” Cannon indicated that the subsidies, which would be doled out through the state-based exchanges, are part of the health care law’s “three legged stool” (along with the individual mandate and cost controls) and that the law could not survive without them.

“If there is no state exchange there can be no subsidies, and basically you’ve dealt the same mortal blow to ObamaCare that you would have dealt if you had knocked out the individual mandate. All the state has to do to make that happen is nothing. All the state has to do is sit on its hands.” Morris, an expert on environmental and economic policy, spoke on what he called the “encroaching threat of environmentalism” being advanced through the EPA and other regulatory agencies. Morris took aim specifically at the EPA’s Boiler MACT rule which compels industry use boilers to adhere to “maximal” standards on pollutants, something Morris said “doesn’t exist”. “One of things it’s already inducing is uncertainty in investment, “said Morris. “In the future it’s likely to lead people to switching from coal-fired boilers to gas-fired boilers. [As a result] some will simply have to close down their plants because they can no longer be economic.” In addition, Morris, a New Jersey resident, delivered harsh criticism of the state’s energy mandates which have left the state “among the most expensive for electricity.” “[New Jersey] has adopted some of the most stupid mandates in the country requiring electricity producers to produce to generate about 6% of electricity using non-hydro renewable sources this year. A figure that rises gradually to over 20% in 2021. “In addition, by the mid-2020’s 4% of electricity must be generated specifically from solar power. And it requires that 1,100 megawatts of wind power be generated offshore. “This is economic environmental and lunacy” said Morris, adding, “This also will do nothing for the environment.” For more coverage of today’s Friedman Legacy for Friedman Day luncheon, please visit www.ProsperityMinute.com.
Americans for Prosperity Foundation (AFPF) is a nationwide organization of citizen-leaders committed to advancing every individual’s right to economic freedom and opportunity. AFPF believes reducing the size and intrusiveness of government is the best way to promote individual productivity and prosperity for all Americans. AFPF educates and engages citizens to support restraining state and federal government growth and returning government to its constitutional limits. AFPF is more than 2 million activists strong, with activists in all 50 states. AFPF has 34 state chapters and affiliates. More than 85,000 Americans in all 50 states have made a financial contribution to AFP or AFP Foundation. For more information, visit http://www.americansforprosperityfoundation.com/ Americans for Prosperity Foundation does not support or oppose candidates for public office. ###

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