In a recent article for Inside Health Policy, Thorn Run Partners’ Senior Vice President Shea McCarthy offered his insight into how the 2020 Democratic candidates should approach health policy, one of the largest issues facing candidates in the upcoming presidential election. On the eve of the third Democratic debate, McCarthy noted, “Politically speaking, there is little incentive for the Democratic presidential candidates to be just another voice in the monotone chorus of opposition to the Trump administration.” While the article pointed out that candidates could benefit greatly from addressing how the administration is currently changing numerous aspects of the Affordable Care Act, McCarthy stated that “As the candidates continue to jostle for position, watch for them to focus more on drawing distinctions between each other on health policy than hurling arrows at President Trump – there will be plenty of time for that during the general election.”
TRP in the News
TRP's Jason Rosenstock offered his insight on Congress' financial services agenda this fall in yesterday's "Finance 202" newsletter — a leading financial services beat by The Washington Post. The newsletter forecasts action on several key financial services deadlines that must be addressed this fall, namely funding the government for fiscal year (FY) 2020 and extensions for the Export-Import Bank and National Flood Insurance Program (NFIP). Rosenstock astutely points out that while lawmakers tentatively agreed to avoid "poison pill" policy riders on certain spending bills, it remains to be seen if the current political climate stymies controversial issues. “Their agreement said no controversial riders, but that’s in the eye of the beholder," said Rosenstock.
TRP’s Jason Rosenstock was recently quoted in an article for Vox that outlines how the new, more progressive, appointed members of the House Financial Services Committee may impact the agenda and tone of the Committee. While the attention has been primarily focused on new members of the committee such as Reps. Ocasio Cortez (D-NY), Katie Porter (D-CA), Ayanna Pressley (D-MA), and Rashida Tlaib (D-MI), Rosenstock astutely questions whether these new lawmakers are willing to go up against Chairwoman Maxine Waters (D-CA) — who has proven herself as a “real dealmaker." “Chair Waters is a skilled legislator, and I think this committee structure will allow her to harness those talents to try to guide the committee to find consensus,” said Rosenstock. “She’s a real dealmaker. She’s done it in the past with Republicans, and she may have to do it now internally a bit. The question is whether the newer members will be willing to sacrifice the perfect for the good.”
In today's Politico Influence newsletter — the leading government relations beat in Washington D.C. — Thorn Run Partners was cited following addition of Beau Schuyler as TRP’s 13th partner. Schuyler joins TRP after 25 years of experience in Washington as a respected lobbyist, political strategist and Capitol Hill staffer. “We are thrilled to add to Beau Schuyler to our team,” stated TRP co-founding partner Andy Rosenberg. “Beau has been a friend and respected competitor for many years, and we know that his reputation as a true professional, tireless advocate, and trusted client counselor will quickly make him an invaluable addition to the firm.”
As the firm’s 13th partner, Schuyler brings considerable tax and health policy expertise, as well as a wealth of strong relationships on Capitol Hill.
For immediate release: January 2, 2019
Contact: Andrew Rosenberg, (202) 247-6301, firstname.lastname@example.org
Thorn Run Partners (TRP) announced today the addition of Beau Schuyler as Partner in their Washington, DC office. Schuyler brings over 25 years of experience as a respected lobbyist, political strategist and Capitol Hill staffer to his new firm.
TRP's Jason Rosenstock was recently quoted in an article for The Washington Post that discusses the state of the financial services system under the new House Democratic Majority. The article highlights Rep. Maxine Water’s future role as potential Chairwoman of the Financial Services Committee and what that might mean for industry insiders. “A lot of this is headline risk, but they have to prepare to handle that and make sure it doesn’t spiral into real regulatory or legal concerns,” said Rosenstock.
Thorn Run Partners’ Jason Rosenstock was recently quoted in an article for The Associated Press that discusses the potential impact of the 2018 election on the U.S. economy. The article highlights President Trump's assertations that the U.S. economy will struggle if Democrats win control of the House. Despite his proclamations, Rosenstock contends that the president may be willing to work across the aisle to boost his legislative portfolio ahead of the 2020 election. “Trump is the wild card here,” said Rosenstock. “He may want to be seen as a deal-cutter going into the 2020 election.”
Today, TRP’s Jason Rosenstock penned an article in American Banker where he discussed what a potential “blue wave" could mean for the financial services system after November’s midterm elections. "If one were to believe only the clickbait headlines, the ascendant Democratic majority in House is being built on a foundation of populist, anti-establishment socialists whose aim is to undermine and replace America's open-market system with a leftists command economy that will destroy our financial services system," said Rosenstock. "The truth, however, couldn't be more different." Rosenstock argues that the electoral math for next year should give pause to those in the industry who view a potential Democratic majority as "the end of days." He also astutely points out that the industry should begin thinking about pragmatism and bipartisan solutions. "Next year should be a time to build, not burn, bridges."
This morning’s “Morning Money” tipsheet from Politico featured comments from Thorn Run’s Jason Rosenstock on the notion that this primary season showed both a far-leftward and anti-establishment stance by Democrats. Rosenstock astutely notes that while newspapers and other media outlets are determined to put forward the belief that this primary season is showing a far-leftward movement in the Democratic party, “a simple examination of the facts shows that it is not the case.” He also notes that the Democratic Congressional Campaign Committee, the so-called establishment, backed candidates that won 95% of the time. “Further, the moderate Democrat was successful about 87% of the time, while the ultra-progressive left-wing groups only had about a 30% win rate in the primaries,” said Rosenstock. “While the current make-up of the Democratic party in the House favors the progressives, it seems pretty clear that any future Democratic majority will be built on a foundation of moderates, and that this should temper the agenda of the Democrats in 2019.”
In a recent article for Inside Health Policy, Thorn Run Partners’ Senior Vice President Shea McCarthy discussed the GOP’s Preexisiting Conditions Protection Bill and its signal towards the end of the GOP’s ability to use the Affordable Care Act as a strategic rallying message. “If last year’s ‘repeal and replace’ effort offered a lens into the GOP’s nuanced positions on Obamacare, the introduction to enshrine the law’s key consumer protections bring those distinctions into even clearer focus,” said McCarthy. “As the Trump administration backs a lawsuit that would gut the law’s insurance reforms, this cadre of ideologically-diverse Republicans are sending the clearest signal to date that they support many of the ACA’s key tenants.” Additionally, McCarthy astutely pointed out that while debates over the law’s subsidy structure may continue over time, “It’s difficult to contemplate at this point another serious effort to undo the ACA root and branch.”