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Patrick McLaughlin, Tyler Richards

Articles by Patrick McLaughlin, Tyler Richards

A State-Level Approach to Reducing the Regulatory Burden on Small Businesses

May 15, 2020

In the midst of the COVID-19 outbreak, states should consider exempting small businesses from large groups of regulations. Small businesses are being decimated by the economic fallout of social distancing measures, and the recovery will not be easy for them or for potential new businesses. The magnitude of the effects on small businesses suggests that the speed of their recovery is likely to set the pace for the recovery of the entire economy from the impending recession. Providing regulatory relief will help some small businesses endure the crisis, and it will set the stage for others to recover when the pandemic subsides. In turn, the recovery of small businesses will spur economic growth and the return to employment of those who have been affected during this crisis.
States that want to

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Small Business Recovery after COVID-19

May 6, 2020

The COVID-19 pandemic is precipitating an unprecedented economic downturn, and small businesses are likely to bear the brunt of it. Mandatory shutdowns and social distancing are forcing many small businesses to shut their doors, leaving millions of people out of work and driving down sales. Even when governments begin lifting social distancing restrictions, the residual effects of unemployment and disrupted business operations will complicate the economic recovery of small businesses. The US government has taken some steps to lessen the damage to small businesses, but these steps impose large costs on the federal government (and taxpayers), and depending on how long the pandemic lasts, these steps may not be enough to keep many small businesses open. 
In this brief, we propose a way to

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Regulatory Review Commission + Regulatory Budget = A Diet for Better, More Effective Regulations

November 12, 2019

All regulations, however well intended, create unintended consequences. Regulatory accumulation (that is, the buildup of rules over time) leads to slower economic growth and fewer small businesses, and it deepens wealth inequality as the burden of regulatory accumulation is disproportionately borne by low-income households. Furthermore, organizational and political incentives inherent to bureaucracies lead regulators to tirelessly create new rules while paying little attention to past regulations that are outdated, overlapping, or simply ineffective—not to mention that they rarely address the general growing mass of regulations. Addressing this excessive regulatory accumulation by identifying and removing costly regulations as well as limiting regulatory growth to only the most beneficial

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