Items tagged with regulation:
News & Updates:
Faculty Affiliates Mark V. Pauly and Kevin Volpp write about Trump’s detrimental impact on Medicare in their Op-Ed for Marketplace.
“President Trump has proposed some modest steps to slow the apparently inexorable growth in Medicare entitlement spending, breaking with his campaign promise to leave alone government-funded programs for seniors.
Although there is often little correlation between presidential budget proposals and budgets eventually approved by Congress, the administration’s budget, which calls for reducing Medicare spending by about $270 billion over 10 years, may start the conversation about what to do to slow growth in Medicare spending.
While cuts in provider payments in some areas will be significant, the administration has left alone the harder questions of whether we can afford to provide generous Medicare benefits to all seniors and to continue to make coverage decisions largely without considering cost.”
Faculty Affiliate David Zaring writes an Op-Ed for the Regulatory Review on deregulation in the Trump Administration:
Congress’s use of the Congressional Review Act (CRA) to reverse a panoply of Obama Administration rules has been the most important way it has pursued deregulation in the first year of the Trump Administration. But the effort to keep using it to deregulate—which is ongoing—would really take the statute beyond anywhere it has been used before.
Although cannabis-related businesses have thrived in the localities that have legalized marijuana as a consumer product, the industry has suffered from crippling uncertainty, in the form of limited access to the banking system. The cannabis industry thus has been forced to operate in a cash-intensive “gray market,” which is a problem. An entire industry conducting all of its business in cash cannot be fairly taxed or regulated and, historically, has been associated with lawlessness—everything from security concerns, transportation and currency problems, money laundering, and cash hoarding. This brief reviews and analyzes the issues that surround marijuana banking and offers several policy options for addressing the tension between federal enforcement and state sovereignty as it related to marijuana banking.
President Donald Trump recently claimed that “Instead of two for one, we have cut 22 burdensome regulations for everyone new rule.”
However, many of the actions he has taken are not actually deregulatory but routine and administrative, according to Faculty Affiliate Cary Coglianese.
When Coglianese took a look at the federal regulatory agenda, released Dec. 14, 2017, he found 62 deregulatory actions. (Not all of Trump’s 67 deregulatory actions were included in the review.)
Coglianese found the Office of Management and Budget deemed 8 percent of these economically significant (exceeding $100 million in costs); 27 percent significant enough to warrant review, but not due to economic impacts; and two-thirds non-significant, administrative, or routine.
The income from Philadelphia’s new soda tax for this calendar year total falls more than $13 million shy of the Kenney Administration’s fiscal year projection of $92 million.
However, Faculty Affiliate Robert Inman deems the $78.8 million in total revenue a sign of the tax’s success. Inman said that any new tax – let alone a sugary drinks tax that has little historical data to build an estimate off of – would be considered a success if it hit within “85 to 90 percent of projections.” In this case, that’s a range of $78.2 million to $82.8 million.
February 23rd, 2018
11:00am - 12:30pm:
Achieving Regulatory Excellence
This seminar draws on research conducted at the Penn Program on Regulation focused on analyzing the impacts of regulation on the economy and promoting the attributes of a high-quality regulatory system. An emphasis will be placed on the role of legislators in overseeing and supporting the achievement of regulatory excellence, situated within the context of ongoing efforts for regulatory reform as well as new imperatives, such as the development of algorithmic technologies.