RegData 2.0 is a newly launched regulation database that permits users to view regulatory statistics for hundreds of federal agencies. The chart uses statistics pulled from the new RegData website to determine which federal regulators published the most restrictions in the year 2012 and compare the number of restrictions from these regulators in 2012 to the number of restrictions they published ten years earlier.
This chart series includes updated versions of previous Mercatus Center charts presenting the long-term projections for Medicare programs. The first chart compares total Medicare cost projections under a current law assumption with two alternative projections under more realistic baseline assumptions, measured as a percentage of the economy.
This chart updates a previous Mercatus Center chart comparing the projected enrollment and costs for Medicare programs in 1975, 2013, and 2040. The number of Medicare enrollees more than doubled to 51.9 million between 1974 and 2014 and the real cost per enrollee quintupled. Based on these projections, by 2040 Medicare will cover about 89.2 million people, at roughly three times today’s cost per beneficiary.
This week’s maps use data from the Export-Import Bank and the US Census Bureau to display the effect of Ex-Im Bank financing on each state. The maps show that Washington state, home of Boeing, garners the bulk of the benefits in terms of both Ex-Im Bank disbursements and as a percentage of total state export value, even though taxpayers across the nation are equally exposed to liability.
This chart shows the relationship between the relative minimum wage (the minimum wage as a fraction of the average hourly wage) and unemployment rates for workers with different educational attainments.
These charts show that small business establishments and employees that benefit from Ex-Im Bank assistance constitute a minuscule portion of all small businesses and related employment in the nation. Supporters of the Ex-Im Bank have little reason to claim that it meaningfully benefits American small business firms and their employees.
The Export-Import Bank of the United States claims to boost US exports by providing artificially cheap financing to overseas buyers of certain US products. The Ex-Im Bank and its supporters rarely discuss which countries’ firms actually receive US export credit subsidies.
One of the most commonly cited justifications for the mortgage interest deduction (MID) is the claim that the deduction promotes homeownership among the middle class and supports industries that employ middle-class workers. But with 65.2 percent of all tax filers claiming to make less than $50,000, only 9.8 percent of these returns used the mortgage interest deduction.
This week’s charts show that if we were serious about improving the competitiveness of American producers, we should be looking at policies that help all producers rather than to the Export-Import Bank, which benefits mostly a few winners.
This week’s charts use data from the Annual Reports of the Export-Import Bank from FY 2009 to FY 2013, the International Trade Administration, and the US Census Bureau. The charts display the total value of US exports and total number of export-related jobs from 2009 to 2013, along with the proportions of exports and export-related jobs the Bank claims to have influenced in its official reports.
The F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics at the Mercatus Center invites you to a panel discussion featuring Peter Leeson and his new book, Anarchy Unbound: Why Self-Governance Works Better Than You Think.
One of the President’s major regulatory oversight offices is the Office of Information and Regulatory Affairs. Agencies can take a “cooperate with OIRA” approach or an “avoid OIRA” approach when they pursue new regulatory initiatives. Understanding agency avoidance tactics is an important step in deciding whether and how to shift agency incentives away from avoidance and toward cooperation.