regulatory caps

The Overly Facile Comparison Between Regulations and Taxes

Romney’s argument for a regulatory cap equates regulations with taxes.  My initial reaction was that this was an absurd comparison – taxes are payments to the government, whereas regulations reduce externalities.  But after further thought, I decided that my initial reaction was a little too facile.  Regulatory costs do have some of the same economic …


Placing a Ceiling on Protection for Public Health

Governor Romney has endorsed an idea called regulatory budgeting, but it really means capping protection for public health.  Romney’s position paper explains the concept as follows: To force agencies to limit the costs they are imposing on society, and to provide the certainty that businesses crave, a system of regulatory caps is required. As noted, …