Cost of U.S. regulations larger than Germany’s economy: Study

By Kelly Riddel in The Washington Times

April 26, 2016

The estimated cost of U.S. regulations is larger than Germany’s economy, according to a new study by George Mason’s Mercatus Center.

If U.S. regulations were held at levels observed in 1980, the difference between the current U.S. economy and a hypothetical economy where regulatory accumulation was halted, is about $4 trillion, according to the study released Tuesday.

Read more at The Washington Times

 

President Obama’s Implicit Message To Taxpayers: ‘I Own You’

By John Tamny at Forbes

April 10, 2016

The above should horrify individual U.S. taxpayers. It should because as taxpaying entities, corporations are a fiction. That is so because corporations are owned by individuals who have already paid taxes on their income. The existence of the corporate tax is an explicit communication from politicians that the individual income tax they use to penalize our work doesn’t take enough of our earnings. With the corporate tax politicians are taking a second swipe at what we earn, but they trick us into believing big, rich corporations are paying the corporate tax. No, we as individuals pay the corporate tax simply because we as shareholders own corporations. The corporate tax amounts to double taxation of our earnings.

Worse, think of what kind of signal the corporate tax sends. If we individuals spend our disposable income on booze, women and fancy hotels around the world, there’s realistically no penalty for doing just that. But if we conserve our disposable income, and better yet invest it, our prudence is penalized. The latter is especially galling when we stop to consider how often politicians talk up the wonders of job creation. There are quite simply no companies and no jobs without investment first. No economic or political school can get around this reality. Yet when Americans choose investment over consumption, they’re penalized at rates up to 35% for doing so.

Read more at Forbes

 

Boxing In Oil And Gas: The Latest Part Of The Obama Plan

By Robert Bradley Jr. at Forbes

April 19, 2016

Growing economies need more goods and services at ever more affordable prices. Energy, aka the master resource, is no exception.

President Obama — the most anti-energy president since Jimmy Carter — disagrees. In a stunning decree reversing his 2015 proposal, Obama has banned new oil and gas leasing in large swathes of eligible federal waters.

Read more at Forbes

 

Four Progressive Minimum Wage Myths Debunked

By Shika Dalmia at reason.com

April 18, 2016

Progressives have gone crazy over the minimum wage.

President Obama got the ball rolling when he called for hiking the federal minimum wage from $7.25 to $10.10 per hour. Now, both Democratic presidential candidates are trying to one-up him, with Bernie Sanders demanding a $15 federal wage and Hillary Clinton $12. Meanwhile, California and New York have already passed laws mandating the Bernie rate, and scores of cities across the country are clamoring to follow suit.

Read more at reason.com

Obama Escalates His War On Propserity

By Steve Forbes at Forbes

April 13, 2016

NOT SINCE the New Deal’s heyday in the 1930s has Washington waged such an unrelenting assault against the private sector. Both times the result has been the same: a severely underperforming economy.

The Obama Administration has let it be known that the White House and the regulatory agencies will be issuing a blizzard of new rules and decrees in the waning months of his miserable regime. These will affect overtime, unionization, the environment and finance, among other areas, thereby hobbling enterprise even more.

Read more at Forbes

U.S. Economic Freedom Continues to Fade

By Terry Miller in The Wall Street Journal

January 31, 2016

The 2016 Index of Economic Freedom, released Monday by the Heritage Foundation and The Wall Street Journal, highlights the urgent need for the U.S. to change course. For the eighth time in the past 10 years, America has lost ground—its score of 75.4 points out of a possible 100 ties the country’s previous low in 1998. Today, the U.S. ranks 11th out of 178 rated economies, behind developed countries including Switzerland (fourth), Australia (fifth) and Canada (sixth).

Countries in the Index are graded on 10 factors of economic freedom, including the size of government, regulations, corruption, taxes, and the openness of markets. The factor scores are averaged together and countries are ranked regionally and world-wide.

Read more at The Wall Street Journal

 

Obama Readies Flurry of Regulations

By Nick Timiraos in The Wall Street Journal

April 7, 2016

The Obama administration is racing to make final a flurry of regulations affecting broad swaths of the economy, further riling U.S. businesses in an election season that has already been tough on corporate interests.

Planned moves—across labor, health, finance and the environment—range from overtime pay for white-collar workers to more obscure matters such as requiring food makers to disclose added sugar on cartons of flavored milk.

Read more at The Wall Street Journal

The Regulation That Drastically Infringes Landowners’ Rights

By Rachel Bovard at The Daily Signal

April 5, 2016

On March 30, the Supreme Court heard arguments in U.S. Army Corps of Engineers v. Hawkes Co. This case is one of a collection of land use cases that trickle into the Court from time to time, all representing the same problem: The Clean Water Act drastically limits the rights of landowners to build or develop on land that constitutes “waters of the United States” (WOTUS). Unfortunately, the term “waters of the United States” is left undefined.

This leads to what, in many cases, appears to be “interpretation via whim” by the U.S. Army Corps of Engineers—the agency tasked with issuing regulations to implement the Clean Water Act. The Corps of Engineers regulations are notoriously ambiguous, complex, and expensive to comply with. According to one study, obtaining a permit costs an average of $270,000 and takes more than two years.

Read more at The Daily Signal