Category Archives: Regulatory Costs

CEI - Competitive Enterprise Institute, Regulatory Costs, Regulatory Reform

CEI’s regulatory reform agenda

2 Comments
C Wayne Crews of CEI

As issued January 2015, a multi-pronged proposal to reform regulations comes from the Competitive Enterprise Institute, as assembled by its Vice President for Policy, C. Wayne Crews.

The full report is below, which details each of these key recommendations:  

 

Congress should:

◆ Make greater use of the Congressional Review Act (CRA) to rein in agency overreach.

◆ Pass the Achieving Less Excess in Regulation and Requiring Transparency (ALERRT) Act, to promote greater transparency, more accurate reporting, and analysis of regulations.

◆ Pass the Regulations from the Executive In Need of Scrutiny (REINS) Act, requiring Congress to vote on major rules—those with estimated annual costs of $100 million or more.

◆ Require creation of a Regulatory Transparency Report Card to tally up regulatory cost estimates in a single publicly-accessible document.

◆ Pass the National Regulatory Budget Act, including creation of an Office of Regulatory Analysis.

◆ Create a Regulatory Reduction Commission, requiring it to convene periodically.

◆ Augment the regulatory review process with sunsetting and one-in-one-out rules.

Reforming-Regulations-and-Agency-Oversight-from-2015-CEI-Agenda-for-Congress

Automobiles, Corruption, Crony Capitalism, Energy, EPA - Environmental Protection Agency, Gasoline, Regulatory Costs, Subsidies, Transportation, USDA - US Department of Agriculture, Waste, Fraud & Abuse

‘Dirty Rotten Ethanol Scoundrels’ – Wall St. Journal

1 Comment

ethanol in gasolineA Wall Street Journal editorial notes that the EPA is reducing the amount of ethanol that must be blended into gasoline below the level required by the 2007 energy bill.

Why? Because it’s impossible to meet the goal without diluting gasoline so badly that it will damage car engines because ethanol is corrosive. Requiring 10% (E-10) is bad enough, but mandating anything higher would “damage the engines and fuel systems of most of the cars and trucks on the road today . . . risking accidents, breakdowns and valve, pump, cylinder and injector replacements rarely covered by consumer warranties.”

But to placate corn farmers, the Agriculture Department pledged $100 million in state grants to help fix vehicles that use higher blends of ethanol. That’s more taxpayer money to fix the damage caused by taxpayer subsidies of ethanol.

The WSJ concludes: “Such is the corruption of corporate welfare, which continues for no reason other than that it already exists.”

Read more: Dirty Rotten Ethanol Scoundrels – WSJ

Barack Obama, CEI - Competitive Enterprise Institute, Executive actions, Executive orders, George W. Bush, Regulatory Costs, The Heritage Foundation

What difference does the number of regulations make?

Major regulationsPresident Obama loves to say that he’s issued fewer regulations than George W. Bush did. Obama does that to distract and confuse people because it’s both true and extremely misleading. It’s the cost that counts — the economic impact — far more than the number of regulations.

An illustration: One person may have twice as many coins as another person, but if they have four pennies and the other person has two quarters, then the smaller number of coins is clearly more significant.

Obama’s smaller number of regulations have a far bigger and more negative impact on our economy than Bush’s regulations did. As FactCheck.org noted early in 2012, “It’s true (barely) that Bush issued more new regulations than Obama at the same point in their presidencies — but Obama didn’t mention that his cost more.“

More from Competitive Enterprise Institute: https://cei.org/blog/obama-has-issued-more-economically-significant-rules-65-years-bush-did-eight

Barack Obama, Congress, Cost-of-Living, Executive actions, Regulatory Costs, The Heritage Foundation

The big picture: Six years of red tape rising under Obama

Red tape rising-w Heritage logo

Runaway regulations from the executive branch, aided by vast delegations of power issued by Congress–these are the trends that burden Americans, outlined in the 9th annual “Red Tape Rising” report by The Heritage Foundation.

Highlights of the report by Heritage scholars James Gattuso and Diane Katz include:

  • The number and cost of government regulations kept climbing in 2014. 27 new major rules in 2014 pushed Obama’s six-year total to 184, “with scores of other rules in the pipeline.” These 184 alone have an annual cost of at least $80-billion
  • “President Barack Obama has repeatedly demonstrated his willingness to act by regulatory fiat instead of executing laws as passed by Congress.”
  • But “A great deal of the excessive regulation in the past six years is the result of Congress’ granting broad powers to agencies through passage of vast and vaguely worded legislation.”
  • The result? “Intensifying Washington’s control over the economy and Americans’ lives.”

The full report: Red Tape Rising: Six Years of Escalating Regulation Under Obama

Barack Obama, Clean Air Act, Electric Bills, Energy, Environment, EPA - Environmental Protection Agency, Propaganda, Regulatory Costs

Propaganda secret: How Obama raises electric bills yet claims he lowers them

Obama propaganda posterIn 2013, President Obama was given the “Lie of The Year” award for claiming that Obamacare would allow people to keep their current health insurance. Now a new statement might win Obama that award for 2014 as well: Obama claims that his new Environmental Protection Agency regulations will lower people’s electric bills.

On June 2, he stated, “Your electricity bills will shrink as these standards spur investment in energy efficiency, cutting waste and, ultimately, we’re going to be saving money for homes and for businesses.”

Yet in 2008 he admitted his agenda was to make electricity rates “skyrocket,” supposedly to save the planet. And the EPA’s own analysis predicts their regulations will raise electric rates an extra 6% to 24% by 2020.

Careful research reveals the carefully-contrived statements Obama is using to leave consumers a totally false impression about the impact of the new EPA regulations.

Read the secrets about the propaganda: Obama’s latest brainwashing whopper — lower electricity bills