Regulation
The Fairness of Using the Gas Tax to Support Transit
A lot of people are out driving on this Labor Day weekend, which means buying gas and paying the gas tax that’s included in the price. As it happens, last week, the GOP adopted a platform condemning the use of the highway fund to support transit. The platform seems to reflect conservative fairness concerns, like …
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CONTINUE READINGThe GOP Platform & the Environment
With some effort, I was able to find full text of the platform. Not surprisingly, the basic thrust is to relax limits on industry. The energy provisions correspond to Romney’s recent proclamations — more drilling in more places, less regulation of coal, etc. On the environment, the basic message is that current regulations are …
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CONTINUE READINGGenetically Modified Foods & California’s Proposition 37: What’s All the Fuss About?
Largely lost in the shuffle of the current presidential election campaign and several more heavily-publicized state ballot measures, California’s Secretary of State recently announced that the “California Right to Know Genetically Engineered Food Act” has qualified for the state’s November 2012 election ballot, where it will appear as Proposition 37. (The text of Proposition 37 …
CONTINUE READINGThe Ryan Consumption Tax and the Environment
One of the interesting elements of Paul Ryan’s budget plan is the proposal for an 8.5% consumption tax to replace the corporate income tax. Consumption taxes, like the European VAT, have well-known pluses and minuses, described in a Brookings discussion. They are appealing to economists because they encourage saving. As the European example shows, they …
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CONTINUE READINGCan Economists Predict AB32’s Impact?
A mildly interesting debate is taking place among the economists. On Thursday, Bo Cutter and I published this opinion piece in the Sacramento Bee. Bo and I are both supporters of AB32 but we are not “naive supporters” of this regulation. I will speak for myself here and admit that I’m a modest man. …
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CONTINUE READINGDrive a Stake Through Ethanol’s Heart!
Okay, that’s even worse than a mixed metaphor: that’s a Friedmanism. But it still applies today. Reuters reports: Two U.S. governors asked the United States government on Tuesday to waive this year’s mandate for making ethanol from corn, adding pressure on it to relieve meat producers from high corn prices spurred by the worst drought …
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CONTINUE READINGCan We Evaluate the Likely Effects of Safety Regulation Before the Regulation is Implemented?
California’s DTSC is proposing important new consumer product safety regulation. The details about this regulation are posted here. My prospective economic analysis of the regulation is posted here. An earlier draft of this analysis was co-written with Professor J.R DeShazo of UCLA.
CONTINUE READINGBREAKING NEWS: Another West Coast Win for PACE Energy Financing
Almost a year later, California wins again in the effort to reverse a federal agency’s 2010 decision that decimated PACE, a promising financing program for residential energy efficiency and renewable investments. Federal District Court Judge Claudia Wilken ruled today that the Federal Housing Finance Authority (FHFA) violated the Administrative Procedure Act’s (APA) notice-and-comment requirement when …
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CONTINUE READINGElectricity Prices and “Green Economy” Regulation
What is the relationship between pursuing an aggressive renewable portfolio standard and residential electricity prices? Here is what the San Francisco Chronicle (not a Romney newspaper) has to say: Going green: San Francisco’s plan to “go green” will likely cost the typical city consumer about $9 more a month – with most of the money going …
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CONTINUE READINGCalifornians and the Environment: PPIC’s New Survey Results
The Public Policy Institute of California this week released the results of its 12th annual “Californians and the Environment” survey. PPIC, a non-partisan think tank, always seems to be generating thought-provoking and cutting-edge scholarship focusing on the nation-state of California. Its latest environmental survey, based on recent polling of 2500 Californians, continues that tradition. The …
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