1. Even if we cut government spending a lot, some taxes will have to go up. This seems like the least bad tax to raise or create, since it has some chance of producing a better outcome. It’s hard to say that about most of the other potential tax boosts. I’d also cut the tax deduction for mortgage interest, of course. That too could improve the quality of outcomes.
3. A carbon tax might lead to a new green technology, with high upfront costs and low marginal costs. Some of the rest of the world might then adopt the technology, even if those countries don’t ever adopt a carbon tax. In the short run this seems a little pie-in-the-sky, but in the longer run is it so crazy? Haven’t the Chinese adopted most of our other technological innovations?
Much of what the federal government is doing under the current administration has a surreal quality to it. So it is with the EPA inviting people to submit videos for the following contest.
This video contest provided an opportunity for the public to explain federal rulemaking and motivate others to participate in the rulemaking process. Entrants created a short video, not exceeding 90 seconds in length, explaining why rules are important, why the average American should care about federal regulations, and how people can participate in the rulemaking process.
The E-Rulemaking Program and the U.S. Environmental Protection Agency’s Office of Regulatory and Policy Management (EPA) are reviewing entries now and plan to announce decisions in June. Should a winning video be selected, it will be posted on Regulations.gov as well as the EPA Web site. If eligible, the winners will be awarded $2,500, as well. Read the rest of this entry »