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A bill recently passed the Senate that would make Daylight Savings Time (DST) permanent, observed year around. It would do away with Standard Time. This is not the first time Congress has flirted with making DST year around. On December 14, 1973 Congress voted to make DST year around for two years. President Nixon signed the bill on December 15. The United States also tried year around DST during World War II. Supposedly people hated it.
Chris Jacobs writes:
The report makes for bracing reading. Funding an increase in spending equal to 10 percent of GDP—the cost of the most robust single-payer option—by an increase in labor taxes alone would require the average tax rate paid on labor income to more than double, from 17.7 percent in 2020 to 38.4 percent in 2030. Conversely, using a progressive income tax that applies to both labor and capital would triple capital gains average rates, from 15. 4 percent in 2020 to 45.4 percent in 2030.
As for the economic effects, this is from the CBO’s previous report:
In 2018 the Centers for Medicare and Medicaid Services (CMS) suddenly removed Auryxia (ferric citrate) from the Medicare Part D drug formulary and began to require prior authorization for the few indications it would reimburse. CMS gave little information about the reversal but apparently made the decision because it views ferric citrate at a mineral product, like dietary supplements such as Vitamin C. Dietary supplements are not covered by Medicare except in a few cases.