TPA Testimony to Georgia General Assembly’s Joint Tax Credit Review Panel

The Taxpayers Protection Alliance (TPA) submitted testimony to the Georgia General Assembly’s Joint Tax Credit Review Panel against tax incentives and taxpayer subsidies in Georgia. Georgia legislators should look to…

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Op-Ed: The Market Is Changing, But It Is Working.

While this lawsuit is indicative of an unhealthy tech antitrust obsession on the part of American regulators, it also reveals a fundamental misunderstanding of markets in a technological age. Administrative staff have predicated a number of antitrust actions based on market definitions that are outdated at best and deceptively manipulated at worst. In an increasingly interconnected world, lawmakers and enforcers have to reconsider what constitutes a market in a given area.

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TPA Statement: Government Price Controls on Prescription Drugs Are Enforced, Not Negotiated

The Biden administration announced that the manufacturers of the first ten drugs selected for the Inflation Reduction Act’s (IRA) price negotiation program under Medicare agreed to participate in the process. In a September 11, 2023 op-ed, TPA noted, “Basic economics says that when a product’s production costs rise and its sales revenues fall, firms will produce less of it. By excising manufacturers’ incentive to produce, price controls invariably lead to stunted innovation, worse product quality, and supply shortages. The pharmaceutical industry has no special immunity from this basic economic phenomenon.

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