Wayne Winegarden
Blog
Learn about the Biden budget plan
President Biden’s Fiscal Illusions
The President imagines that the federal budget is driving toward a fiscal cliff because tax revenues are too low, and the rich are not paying their fair share. Such accusations may make good political talking points, but they are demonstrably false. Let’s start with his vacuous accusation of tax fairness. ...
Blog
Spending Watch
Single Payer Will Worsen California’s Healthcare System and Reduce Economic Growth
Single Payer Will Worsen California’s Healthcare System and Reduce Economic Growth Wayne Winegarden March 2024 With the introduction of AB 2200, advocates are, once again, proposing that California adopt a single payer healthcare system. Ostensibly, their proposed CalCare system would streamline payments, lower per-capita spending, guarantee “quality health care and ...
Business & Economics
Read the latest on California's reparations proposal
Here’s what California’s radical reparations plan will cost taxpayers
Much of the discussion surrounding the push for reparations in California, New York and cities like San Francisco center on the historical justifications for mass payouts. Yet, as the ancient Greek philosopher and mathematician Pythagoras said, “Numbers rule the universe.” Reparations proponents in California are quick to dismiss criticisms over cost. ...
Blog
Spending Watch
Too Much Government Spending and Volatile Tax Revenues Drive State’s Budget Problem
Too Much Government Spending and Volatile Tax Revenues Drive State’s Budget Problem Wayne Winegarden March 2024 This analysis is the first publication of Spending Watch, a new initiative from the Pacific Research Institute. Spending Watch is a resource that evaluates the revenue, spending, and economic impacts of major budget and ...
Business & Economics
Read on the Department of Financial Protection and Innovation's latest regulation proposal
Misguided California Regulation Would Hinder Useful Financial Tool
To a hammer, everything is a nail, and so it is with California’s Department of Financial Protection and Innovation (DFPI). Don’t let the “innovation” in the agency’s name fool you – far too many of its regulations deter rather than promote innovative solutions as evidenced by the agency’s recent stance ...
Commentary
Calling Out The ESG Bait And Switch
The bait and switch that Environmental, Social, and Governance (ESG) activists have been peddling for too long is coming into focus. Activist investors claim they submit ESG proposals at annual meetings to improve corporate profitability. All too often, these proposals are attempts to hijack the corporate governance process to implement ...
Business & Economics
Nippon Steel’s Purchase Of U.S. Steel Will Improve The Economy
There has been a rare showing of bipartisanship over the past month; unfortunately, the consensus is founded on economic myths that, if acted upon, would cost jobs, increase inflationary pressures, and weaken economic growth. At issue is Nippon Steel’s offer to purchase U.S. Steel for $14.9 billion – a surprisingly ...
Commentary
Read how our broken immigration system is affecting healthcare
Limited Visas Hinder Hospitals Ability To Curb Nursing Shortfall
Covid-19 burnout and understaffed hospital wards have taken their toll on the nursing profession. An April 2023 study found that overworked nursing professionals and understaffing have driven “an overall 3.3% decline in the U.S. nursing workforce during the past 2 years.” While some argue that the term shortage is not appropriate because the number ...
Business & Economics
Wayne Winegarden calls Newsom’s budget proposal a “bunch of budget gimmicks” in The Center Square
California proposes mere $8.5 billion spending cut against $68 billion deficit By Kenneth Schrupp “[The governor’s plan] seems to be a combination of some spending cuts and a bunch of budget gimmicks,” said Pacific Research Institute Senior Fellow for Business and Economics Wayne Winegarden in an interview with The Center ...
Business & Economics
Read an analysis of the 2024-25 CA proposed budget
Gov. Newsom’s proposed budget fails the moment
Governor Gavin Newsom is wrong. His proposed budget is not “resilient;” it demonstrates an inability to learn the lessons from California’s volatile budget history. The crippling deficit is merely one manifestation of the broader crisis. Newsom estimates a $37.9 billion deficit, about one-half of the nonpartisan Legislative Analyst Office’s (LAO) ...
Learn about the Biden budget plan
President Biden’s Fiscal Illusions
The President imagines that the federal budget is driving toward a fiscal cliff because tax revenues are too low, and the rich are not paying their fair share. Such accusations may make good political talking points, but they are demonstrably false. Let’s start with his vacuous accusation of tax fairness. ...
Spending Watch
Single Payer Will Worsen California’s Healthcare System and Reduce Economic Growth
Single Payer Will Worsen California’s Healthcare System and Reduce Economic Growth Wayne Winegarden March 2024 With the introduction of AB 2200, advocates are, once again, proposing that California adopt a single payer healthcare system. Ostensibly, their proposed CalCare system would streamline payments, lower per-capita spending, guarantee “quality health care and ...
Read the latest on California's reparations proposal
Here’s what California’s radical reparations plan will cost taxpayers
Much of the discussion surrounding the push for reparations in California, New York and cities like San Francisco center on the historical justifications for mass payouts. Yet, as the ancient Greek philosopher and mathematician Pythagoras said, “Numbers rule the universe.” Reparations proponents in California are quick to dismiss criticisms over cost. ...
Spending Watch
Too Much Government Spending and Volatile Tax Revenues Drive State’s Budget Problem
Too Much Government Spending and Volatile Tax Revenues Drive State’s Budget Problem Wayne Winegarden March 2024 This analysis is the first publication of Spending Watch, a new initiative from the Pacific Research Institute. Spending Watch is a resource that evaluates the revenue, spending, and economic impacts of major budget and ...
Read on the Department of Financial Protection and Innovation's latest regulation proposal
Misguided California Regulation Would Hinder Useful Financial Tool
To a hammer, everything is a nail, and so it is with California’s Department of Financial Protection and Innovation (DFPI). Don’t let the “innovation” in the agency’s name fool you – far too many of its regulations deter rather than promote innovative solutions as evidenced by the agency’s recent stance ...
Calling Out The ESG Bait And Switch
The bait and switch that Environmental, Social, and Governance (ESG) activists have been peddling for too long is coming into focus. Activist investors claim they submit ESG proposals at annual meetings to improve corporate profitability. All too often, these proposals are attempts to hijack the corporate governance process to implement ...
Nippon Steel’s Purchase Of U.S. Steel Will Improve The Economy
There has been a rare showing of bipartisanship over the past month; unfortunately, the consensus is founded on economic myths that, if acted upon, would cost jobs, increase inflationary pressures, and weaken economic growth. At issue is Nippon Steel’s offer to purchase U.S. Steel for $14.9 billion – a surprisingly ...
Read how our broken immigration system is affecting healthcare
Limited Visas Hinder Hospitals Ability To Curb Nursing Shortfall
Covid-19 burnout and understaffed hospital wards have taken their toll on the nursing profession. An April 2023 study found that overworked nursing professionals and understaffing have driven “an overall 3.3% decline in the U.S. nursing workforce during the past 2 years.” While some argue that the term shortage is not appropriate because the number ...
Wayne Winegarden calls Newsom’s budget proposal a “bunch of budget gimmicks” in The Center Square
California proposes mere $8.5 billion spending cut against $68 billion deficit By Kenneth Schrupp “[The governor’s plan] seems to be a combination of some spending cuts and a bunch of budget gimmicks,” said Pacific Research Institute Senior Fellow for Business and Economics Wayne Winegarden in an interview with The Center ...
Read an analysis of the 2024-25 CA proposed budget
Gov. Newsom’s proposed budget fails the moment
Governor Gavin Newsom is wrong. His proposed budget is not “resilient;” it demonstrates an inability to learn the lessons from California’s volatile budget history. The crippling deficit is merely one manifestation of the broader crisis. Newsom estimates a $37.9 billion deficit, about one-half of the nonpartisan Legislative Analyst Office’s (LAO) ...
