{"title":"An Economic Case Against Rent Regulations in Montgomery County, Maryland","authors":"Merritt Tollison","doi":"10.4079/pp.v29i0.10","DOIUrl":"https://doi.org/10.4079/pp.v29i0.10","url":null,"abstract":"A new light rail system threatens to increase pressure on Montgomery County’s already-chronic housing shortage for low- and middle-income residents. The 16-mile Purple Line rail corridor, expected to be completed in 2026, will run adjacent to a substantial proportion of the county’s naturally occurring affordable housing and a large population of vulnerable cost-burdened renters. Proposed economic development around the new transit stations could usher in an increase in economic development that portends rapid increases in home values, rents, and land prices. To preserve affordable housing and reduce displacement in the wake of this development, the Montgomery County Council is debating rent regulations for a county-wide transit-centered buffer zone. This policy, however, would have a negative effect as economists overwhelmingly agree that rent controls cause inefficiency, inequity, negative externalities, disutility, and restricted mobility. This paper uses an economic analysis to show that local rent regulations would fail to mitigate the chronic housing shortage and that costs to communities and businesses will outweigh the benefits provided to protected tenants. Montgomery County should reconsider implementing the proposed rent regulations, reevaluate similar policies, and expand efficient, targeted support for low-income renters.","PeriodicalId":30465,"journal":{"name":"Policy Perspectives","volume":"39 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70138714","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"At What Cost? An Evaluation of the Health and Human Services Proposed Rule, “Proposed Modifications to the HIPAA Privacy Rule to Support, and Remove Barriers to, Coordinated Care and Individual Engagement”","authors":"Catherine Kaufman","doi":"10.4079/pp.v29i0.6","DOIUrl":"https://doi.org/10.4079/pp.v29i0.6","url":null,"abstract":"As a final act of the Trump administration, the Office for Civil Rights (OCR) within the U.S. Department of Health and Human Services (HHS or the Department) proposed a deregulatory rule entitled, “Proposed Modifications to the HIPAA Privacy Rule to Support, and Remove Barriers to, Coordinated Care and Individual Engagement” (HHS 2021). OCR announced the proposed changes on December 10, 2020, and it was published in the Federal Register on January 21, 2021. While the Biden administration has withdrawn or proposed modifications to other last-minute Trump administration notices, it has taken no action to date on this proposed rulemaking. During the public comment period, which closed on May 6, 2021, I filed a comment on this proposal (Kaufman 2021). This article is based on my publicly submitted evaluation of the Department’s proposed rule.","PeriodicalId":30465,"journal":{"name":"Policy Perspectives","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70139113","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Subsidizing Interest Rates to Bridge the Racial Wealth Gap","authors":"Gabe Royal","doi":"10.4079/pp.v29i0.9","DOIUrl":"https://doi.org/10.4079/pp.v29i0.9","url":null,"abstract":"There is a large, persistent, and worsening wealth gap between Black and White households in the United States. Black families’ median and mean wealth is less than 15 percent that of White families (Bhutta et al. 2020). New research shows current monetary policies designed to aid in the economic recovery from the COVID-19 recession will likely exacerbate this wealth gap (Bartscher et al. 2021, 33). This paper proposes issuing a government-subsidized two percent mortgage interest rate reduction for prospective Black homebuyers to provide a financial incentive for Black households to build wealth and to promote integrative behavior among neighborhoods.","PeriodicalId":30465,"journal":{"name":"Policy Perspectives","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70139215","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Management of an Aquifer Threatened by Saltwater Intrusion: Borrowing from Pollution Control Strategies","authors":"Allison Woolverton","doi":"10.4079/pp.v29i0.11","DOIUrl":"https://doi.org/10.4079/pp.v29i0.11","url":null,"abstract":"In a region that is surrounded by multiple bodies of water, inundated by seasonal rains, and threatened by floods, water is not a resource that South Louisianians often think much about over consuming. However, over-pumping threatens one of the state’s largest groundwater reserves and sources of high-quality drinking water: the Southern Hills Aquifer System, which provides valuable freshwater supply to over 44,000 residents. This analysis assesses the relative effectiveness of three policy measures that could be implemented to limit saltwater intrusion into the aquifer: a cap-and-trade scheme for pumping permits, a tax on the water withdrawn, and a subsidy for industrial users not to withdraw. While each policy measure has both strengths and weaknesses in its ability to mitigate saltwater intrusion, a cap-and-trade scheme is the most feasible for the aquifer. The availability of data from the aquifer’s regulatory body, the high costs of conducting further studies, and the difficulty of measuring the numerous and extensive social and environmental externalities associated with over-extraction from the aquifer make the cap-and-trade scheme the most feasible of the three policy measures in this analysis.","PeriodicalId":30465,"journal":{"name":"Policy Perspectives","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70138769","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Economic Response to the Substance Use Crisis","authors":"Malka Berro","doi":"10.4079/pp.v29i0.3","DOIUrl":"https://doi.org/10.4079/pp.v29i0.3","url":null,"abstract":"Behavioral economic theories can be applied to substance use in an effort to understand an individual’s demand, utility maximization, and consumption over time for addictive goods. These theories can shape public policy in a way that would both reduce the consumption of addictive substances and help people on their road to recovery. This paper examines the current research on behavioral economic theories on substance use as well as the implications of these theories on public policy.","PeriodicalId":30465,"journal":{"name":"Policy Perspectives","volume":"14 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70138973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Forty Acres for the Modern Day: The Economic Implications of Reparations for African Americans","authors":"P. Roehm","doi":"10.4079/pp.v29i0.8","DOIUrl":"https://doi.org/10.4079/pp.v29i0.8","url":null,"abstract":"As part of the national racial reckoning in the United States, reparations for African Americans have been proposed to correct the injustices of slavery and discrimination. The main economic goal of reparations is to close the racial wealth gap. While the gap is substantial, uncertainties remain about the program’s scope, magnitude, method, financing, effectiveness, and equity. Potential methods include lump sum or monthly cash payments, targeted investment in the Black working class, college scholarships, health care subsidies, favorable home loans, a trust fund for borrowing, and institutions to promote community building. Design of the reparations program is crucial to ensure recipients do not transfer the benefit back to payers when spending the benefit on goods and services. For this reason, reparations must invest in African American workers’ productive capacity, job skills, and training. Despite the potential economic benefits, concerns remain regarding equity and political feasibility. Policymakers should carefully weigh the benefits and costs of a reparations program and pay attention to how the design impacts its effectiveness and equity.","PeriodicalId":30465,"journal":{"name":"Policy Perspectives","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70139167","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How Racism Has Shaped the Presence of Urban Tree Covers in Public Spaces","authors":"Julia Vanella","doi":"10.4079/pp.v29i0.17","DOIUrl":"https://doi.org/10.4079/pp.v29i0.17","url":null,"abstract":"The availability of shade, such as trees, isn’t equitably distributed. Trees are particularly lacking in areas where minorities live, while shade is more prominent in more affluent, white neighborhoods.","PeriodicalId":30465,"journal":{"name":"Policy Perspectives","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70139394","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"With Federal Aid Available, D.C. Public Schools Should Expand Mental Health Resources for Students","authors":"Evan Linett","doi":"10.4079/pp.v29i0.16","DOIUrl":"https://doi.org/10.4079/pp.v29i0.16","url":null,"abstract":"With federal aid available through COVID-19 recovery funds, DC Public Schools must fulfill its mission for every student to reach their potential in a nurturing environment and provide students with heightened mental and emotional health support.","PeriodicalId":30465,"journal":{"name":"Policy Perspectives","volume":"78 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70138952","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Tax Analysis of Vehicle-Miles Traveled","authors":"Gabriel Morey","doi":"10.4079/pp.v29i0.7","DOIUrl":"https://doi.org/10.4079/pp.v29i0.7","url":null,"abstract":"America’s transportation infrastructure faces three challenges: a shrinking Highway Trust Fund, poor physical conditions, and a need to shift to cleaner modes of transport. Despite these growing needs, the main tool used to fund transportation projects in the United States—the federal fuel taxes—have not been raised since 1993, even as inflation, improving fuel efficiency, and increasing electrification have chipped away at the tax yield (C. Davis 2021). Replacing federal fuel taxes with a vehicle-miles traveled (VMT) tax could both increase revenue for needed infrastructure projects and reduce VMT. This paper analyzes VMT taxes across four dimensions: administrative feasibility, behavioral distortion, revenue yield, and equity. It finds a consensus among researchers that VMT taxes can reduce driving, although they may also produce a substitution effect toward less fuel-efficient vehicles. They can provide adequate yield for governments and are as equitable as fuel taxes. On the fourth dimension—feasibility—VMT taxes appear to be somewhat less efficient for governments to collect, but advances in collection technology may solve that issue. This paper recommends that the federal government replace fuel taxes with a VMT tax and couple it with increased fuel-economy regulations or sales taxes on fuel-inefficient cars.","PeriodicalId":30465,"journal":{"name":"Policy Perspectives","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70139126","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}