Rarely does financial regulation resemble a Mad Max movie, but two people are claiming to be Acting Director of the Consumer Financial Protection Bureau (CFPB) and only one can leave. This clash will impact financial regulation and consumer protection and potentially undermine one of the bedrock principles of modern financial regulation: independence of financial regulators. […]
The Brookings Institution
Posted inUS
Measuring the loss of life from the Senate’s tax cuts for alcohol producers
November 27, 2017 – The government taxes beer, wine and spirits for a couple of reasons: (1) To raise revenue and (2) to offset the costs—economists call them “externalities”—that drinking imposes on society, such as accidents caused by drunk drivers or higher rates of crime. The Senate tax reform bill introduced in early November includes […]