7/31/2019 7-31 AFPF-Milton Friedman Day

1/2

PRESS RELEASEFor Immediate Release July 31, 2012Contact: 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 Friedmans Lifes Work Promotes the Free-Market, LimitedGovernment 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.

Friedmans free-market, limited government vision was at the heart of addresses delivered by two esteemed

policy scholars: Michael Cannon, CATO Institutes director of health policy studies, andJulian Morris, vice

president of research at the Reason Foundation.

Cannon, one of the nations 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 Officeha[s] estimated that this law is going to eliminate 800,000 jobs by year 2019.

Even supporters of the law acknowledge that some peoples 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 sickAmericans, 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 laws three legged stool (along with the individual mandate and cost controls) and that the law could

not survive without them.

http://americansforprosperityfoundation.com/prosperityminutehttp://www.cato.org/people/michael-cannonhttp://reason.org/staff/show/julian-morris.htmlhttp://reason.org/staff/show/julian-morris.htmlhttp://reason.org/staff/show/julian-morris.htmlhttp://americansforprosperityfoundation.com/prosperityminutehttp://www.cato.org/people/michael-cannonhttp://reason.org/staff/show/julian-morris.html

7/31/2019 7-31 AFPF-Milton Friedman Day

2/2

If there is no state exchange there can be no subsidies, and basically youve 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 EPAs Boiler MACT rule which compels industry use boilers to adhere to maximal standards on

pollutants, something Morris said doesnt exist.

One of things its already inducing is uncertainty in investment, said Morris. In the future its 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 states 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-2020s 4% of electricity must be generated specifically from solar power. And itrequires 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 todays Friedman Legacy for Friedman Day luncheon, please visit

www.ProsperityMinute.com.

Americans for Prosperity Foundation (AFPF) is a nationwide organization of citizen-leaders committedto advancing every individuals right to economic freedom and opportunity. AFPF believes reducing

the size and intrusiveness of government is the best way to promote individual productivity andprosperity 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 2million 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 AFPFoundation. For more information, visithttp://www.americansforprosperityfoundation.com/

Americans for Prosperity Foundation does not support or oppose candidates for public office.

###

http://www.prosperityminute.com/http://www.prosperityminute.com/http://www.americansforprosperityfoundation.com/http://www.prosperityminute.com/http://www.americansforprosperityfoundation.com/