Based on federal government data, past reports, and contemporary studies, this report highlights regulatory compliance and economic impacts of federal intervention of $1.9 trillion annually. . . . If it were a country, U.S. regulation would be the world’s seventh-largest economy, ranking behind India and ahead of Italy.
If one assumed that all costs of federal regulation and intervention flowed all the way down to households, U.S. households would “pay” $14,809 annually on average in a regulatory hidden tax. That amounts to 21 percent of the average income of $69,629 and 26.45 percent of the expenditure budget of $55,978. The “tax” exceeds every item in the budget except housing.
The Fair Shake Commission report is an effort to help build a consensus about how we can come together to meet our common challenges. By coming together to generate ideas to help our working people thrive, we can show the nation and the world that American ideals are still alive and well, and are not bound by race, color, or creed.
This report offers ideas to level the playing field and to create opportunity for all Californians. It is borne from the understanding that a more inclusive, diverse California is key to a stronger future and that more inclusive prosperity leads to more, not less, economic growth.
There will be two sources of financing for Healthy California. The first is the same public health care revenue sources that are presently providing about 71 percent of all health care funding in the state. These include Medicare and MediCal, which together provide nearly 50 percent of all health care funding in California at present. It also includes tax subsidies for health care expenditures by individuals and households in the state, which provide about 9 percent of the state’s total health care funding. The Healthy California bill is explicit in stating that the State will work to obtain waivers in all of the present areas of public health funding, so that these present funding sources will continue to finance Healthy California. Assum ing the state is successful in obtaining these waivers, these funds will provide $225 billion in funding for the state’s single -payer program. That means that the remaining $106 billion to fund Healthy California will need to be provided by new revenue sources in the state.
In this document, we have outlined an action plan to revitalize America’s aging infrastructure. We start by articulating a set of principles that reflect our long-held view that government has a valuable role to play in supporting infrastructure development.
We follow with specific recommendations on how the private and public sectors can translate those principles into action. These recommendations are organized into five sections: Surface Transportation, Ports and Inland Waterways, Aviation, Drinking and Wastewater, and Energy. We also provide recommendations for innovative approaches to funding and financing.
GreatSchools released a first-of-its-kind look at student achievement and access to educational opportunity broken down by race and ethnicity. The report sheds light on systemic gaps in access to advantages that allow students to succeed in school and prepare for college and career.
The report shows that a stunning 2% of African American and 6% of Hispanic students attend a quality school for their student group based on multiple factors, compared to 59% of white and 73% of Asian students.