FCC Transparency

Red Alert Politics did a short write-up of my recent FCC regulatory report card. The full report card is here.

CEI’s Battered Business Bureau: The Week in Regulation

federal-employee-mailman
This week in the world of regulation:

  • Last week, 53 new final regulations were published in the Federal Register. This is down from 90 new final rules the previous week.
  • That’s the equivalent of a new regulation every 3 hours and 10 minutes — 24 hours a day, 7 days a week.
  • All in all, 464 final rules have been published in the Federal Register this year.
  • If this keeps up, the total tally for 2013 will be 3,195 new final rules.
  • Last week, 1,037 new pages were added to the 2013 Federal Register, for a total of 12,571 pages.
  • At its current pace, the 2013 Federal Register will run 87,299 pages.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year. No such rules were published last week, for a total of 8 so far in 2013.
  • The total compliance costs of this year’s economically significant regulations ranges from $2.532 billion to $4.810 billion.
  • So far, 45 final rules that meet the broader definition of “significant” have been published in 2013.
  • So far this year, 84 final rules affect small business; 8 of them are significant rules.

Highlights from final rules published last week:

For more data, go to TenThousandCommandments.com.

Regulatory Report Card: FCC

Regulatory agencies need to be much more transparent. One way to do that is through an annual report card with important information about each agency such as how many rules it has in the books, how many more are on the way, and what they cost. Since agencies aren’t doing this on their own, CEI is taking up the mantel.

In the FCC report card, released today, previously scattered information is put together in one place. The FCC has over 25,000 specific regulatory restrictions in the Code of Federal Regulations, and they cost an estimated $142 billion. It issued 108 final regulations last year, and 86 more were published in the most recent Unified Agenda, which lists upcoming rules.

For more information, read the whole thing here. If you want the quick version, here’s a press release.

CEI Podcast for February 21, 2013: The Wages of Sin Taxes

sin tax
Have a listen here.

CEI and the Adam Smith Institute have teamed up to publish a U.S. edition of Christopher Snowdon’s study “The Wages of Sin Taxes.” He argues that sin taxes are an ineffective way to treat the harmful effects of drinking, smoking, and obesity. Fellow in Consumer Policy Studies Michelle Minton wrote the foreword.

On the Radio: State of the Union

at 11:30 EST, I’ll appear on Financial Spectrum with Bill Kearney to discuss CEI’s response to the recent State of the Union address. You listen in here.

I Am the 85 Percent

Politico: Poll: 15% approve of Congress

Supply-Side Democrats

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The only significant difference between the Republican and Democratic parties is their rhetoric. When it comes to policies actually enacted, a much better metric, they are remarkably similar. Despite their similarities, the parties will still reliably oppose whatever the other team is proposing.

A case in point is how tax cuts affect total revenues. Reagan-era supply-side economists argued that tax cuts, by sparking economic growth and aggregate spending, could actually increase tax revenues under certain conditions. Their basic insight that tax revenue has dynamic economic effects was, and is, correct. But the dynamic effects were too small to counteract the lower marginal rates, let alone Reagan’s spending hikes in defense and other areas; the deficit grew. Democrats have sneered at supply-side tax ideas ever since.

Of course, twenty years before that, Democrats were proposing exactly the same policy, and for the same reason. In chapter 16 of Passage of Power, the fourth volume of Robert Caro’s Lyndon Johnson biography, Johnson has just assumed the presidency, and is figuring out how to pass as much of the late John F. Kennedy’s legislative program as possible, beginning with the FY 1965 budget. His thinking was this would improve his chances of winning the 1964 election. Caro explains how progressives (he misuses the word “liberal”) and conservatives butted heads in that year’s budget battle:

Liberals wanted a larger role for government, wanted bigger, and new, government social welfare programs and therefore a larger budget. They believed the $11 billion tax cut [proposed by Kennedy] would, by putting more money into people’s pockets, stimulate the economy and thereby increase tax revenues, and the money the government would have available for these programs. Conservatives, uneasy about an expansion in government’s role and about the proposed new programs, were opposed to the higher spending, and believed the deficits would be increased by the tax budgets.

Somewhere, Art Laffer is either smiling or scowling. Not sure which.

CEI’s Battered Business Bureau: The Week in Regulation

fireworks-350x257
This week in the world of regulation:

  • Last week, 90 new final regulations were published in the Federal Register. This is up from 61 new final rules the previous week.
  • That’s the equivalent of a new regulation every hour and 52 minutes — 24 hours a day, 7 days a week.
  • All in all, 411 final rules have been published in the Federal Register this year.
  • If this keeps up, the total tally for 2013 will be 3,261 new final rules.
  • Last week, 1,975 new pages were added to the 2013 Federal Register, for a total of 11,554 pages.
  • At its current pace, the 2013 Federal Register will run 90,110 pages.
  • Rules are called “economically significant” if they have costs of $100 million or more in a given year. One such rule was published last week, for a total of 8 so far in 2013.
  • The total compliance costs of this year’s economically significant regulations ranges from $2.532 billion to $4.810 billion.
  • So far, 42 final rules that meet the broader definition of “significant” have been published in 2013.
  • So far this year, 75 final rules affect small business; 8 of them are significant rules.

Highlights from final rules published last week:

For more data, go to TenThousandCommandments.com.

On the Interwebs: Minimum Wage

Yesterday I participated in a discussion on President Obama’s proposal to raise the minimum wage on Huffington Post Live. I can’t figure out how to embed the video in this post, but you can watch it here.

CEI Podcast for February 14, 2013: Dodd-Frank’s Constitutionality

dodd and frank
Have a listen here.

CEI General Counsel Sam Kazman discusses a lawsuit in which CEI, the 60 Plus Association, and the State National Bank of Big Spring, Texas argue that parts of the Dodd-Frank financial regulation bill are unconstitutional. Both the bill’s grant of Orderly Liquidation Authority to the Treasury secretary and the Consumer Financial Protection Bureau’s unaccountability fail to pass constitutional muster. The plaintiffs are joined by 11 states.