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Robin Bowen [rbowen@mercatus.gmu.edu] 9/29/2017 2:34:15 PM Bolen, Brittany [/o=ExchangeLabs/ou=Exchange Adm inistrative Group (FYDIBOHF23SPDLT)/cn=Recipients/cn=31e872a691114372b5a6a88482a66e48-Bolen, Brit] Red Tape Day: Research from Mercatus
M M M M P WCKTU%CfWffR H U H George Mason University
Cutting Hidden Taxes by Cutting Red Tape
There is increasing evidence that regulatory accumulation represents a growing but hidden tax that hinders innovation and entrepreneurship, negatively affects wage growth in some occupations, and disproportionately harms low- and middle-income households.
Policymakers in over six states and in Washington, D.C. are making red tape reduction a priority in order to recapture part of the trillions lost annually from our economy due to regulatory accumulation. Governments in other nations have already embraced better regulation as their priority to the benefit of their constituents and their economies.
Ensuring we have inteiiigent, efficient, and effective regulation long-term requires work at the federal and state levels to change how legislators authorize new regulation, how regulators formulate and manage new rules, and how legislators and regulators assess the results of their work. With this goal in mind, I'd like to share Mercatus research that identifies changes policymakers can make to growths economy and improve regulatory outcomes.
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While regulators and policymakers claim that regulations are Intended to protect the most vulnerable in society, the economic effects are often most harmful to the poor.
To solve problems without creating new ones, we must use better information about the potentiai economic effects of regulatory legisiation and proposed ruies before we make iaw.
A regulatory budget could go a long way in preventing reguiatory errors.
Key Researc
u
What's at stake -
* he cumulative i.tost of Regulations | Working Paper
1he impact ot he?riera! Regulation on the 50 States [ Website
How Do He(iere? !
An Analysis of the
:s of Regulation [ Working Paper
What can be done -
Regulatory Accumulation; The Problem and Solutions | Policy Briefing
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Comprehensive Regulatory Reform | Policy Primer Cutting Red Tape in Canada: A Regulatory Reform Model for the United States?
Research Paper What Patrick McLaughlin Says Is Needed to Get it Right | Video
For questions or to speak with a scholar, please contact Robin Bowen at or rbowen@mercatus.gmu.edu.
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