Backgrounder posted October 10, 2013
Can the Postal Service Have a Future?
Americans love to complain about the post office. Enjoying one of the few government-enforced monopolies in the U.S., it has long been a model of bureaucratic inefficiency. In popular culture, it has been portrayed by TV sitcom characters such as Seinfeld’s Newman and Cheers’s Cliff Clavin as bumbling and dysfunctional. But Americans may not have the United States Postal…
Issue Brief posted July 16, 2013
Airline Safety: The Good News
The July 6 crash landing of an Asiana jetliner that killed three passengers and injured dozens more was a tragedy. The accident is rightly being thoroughly investigated by federal safety officials as well as aviation industry experts to determine how it happened and prevent such a tragic accident from happening again.
But hidden between the lines in the news coverage of…
Backgrounder posted June 19, 2013
Taxing Online Sales: Should the Taxman’s Grasp Exceed His Reach?
As a general rule, whenever Congress starts talking about “fairness,” Americans should hold on tight to their wallets. The Marketplace Fairness Act (S. 743, H.R. 684) is no exception. The bill, which would allow a state to force retailers located in other states to collect its sales taxes, is meant to equalize the tax burdens between so-called brick-and-mortar retailers…
Backgrounder posted May 1, 2013
Red Tape Rising: Regulation in Obama’s First Term
Congress and the White House have been focused for months on the federal budget—rightfully so, given perennial deficits and unsustainable levels of U.S. debt. However, federal spending accounts for only a portion of the burden placed on Americans by the government. Regulations impose huge additional costs, hindering job creation and innovation, while undermining…
Issue Brief posted April 10, 2013
Breaking Up Big Banks: Right Question, Wrong Answer
Should the federal government break up America’s big banks? Once confined to the populist fringes of policy debate, the idea has developed surprising momentum in recent months, with a number of conservative voices jumping on the bank breakup bandwagon.
Regulators will never allow the biggest banks to fail, supporters say, because of the feared effect of such a collapse…
Testimony posted March 6, 2013
“REINS Act of 2013”: Promoting Jobs, Growth, and Competitiveness
The Subcommittee on Regulatory Reform, Commercial and Antitrust Law
Committee on the Judiciary
United States House of Representatives
March 5, 2013
Mr. Chairman, Ranking member Cohen, members of the subcommittee: My name is James Gattuso. I am Senior Research Fellow in Regulatory Policy at The Heritage Foundation. Thank you for inviting me to be here…
Issue Brief posted January 30, 2013
The Consumer Financial Protection Bureau and Its Non-Director: What Now?
It may be back to the beginning for the new Consumer Financial Protection Bureau (CFPB). The agency, under the direction of Richard Cordray, had just built up a full head of steam, releasing some 16 regulations in the past year. But a court decision on January 25 may not only stop this train, but send it back to the station. Such a reversal would be good news for…