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Articles by Austin J. Drukker
Explaining the Brookings Deregulatory Tracker
The Brookings Deregulatory Tracker (Reg Tracker) is a tool that tracks and provides insights into deregulatory actions under the Trump administration. Launched in October 2017, the Reg Tracker monitors a curated selection of delayed, repealed, and new rules, notable guidance and policy revocations, and important court battles. The rules span a wide range of policy areas, including but not limited to education, finance, environment, and transportation.
Why the federal government should stop spending billions on private sports stadiums
When the New York Yankees completed the new Yankee Stadium in 2009, the final construction bill was an estimated $2.5 billion. Of that, nearly $1.7 billion was financed by tax-exempt municipal bonds issued by the city of New York. Because the interest earned on the municipal bonds is exempt from federal taxes, a large amount of tax revenue that would have been collected—had the bonds been issued as taxable—went toward the construction of the stadium.
Why the federal government should stop spending billions on private sports stadiums
When the New York Yankees completed the new Yankee Stadium in 2009, the final construction bill was an estimated $2.5 billion. Of that, nearly $1.7 billion was financed by tax-exempt municipal bonds issued by the city of New York. Because the interest earned on the municipal bonds is exempt from federal taxes, a large amount of tax revenue that would have been collected—had the bonds been issued as taxable—went toward the construction of the stadium.
Understanding Rhode Island in the Great Recession
A look at the hard data could sharpen the narrative about the state's slow comeback. Rhode Island was among the states hit hardest during the Great Recession. Payroll fell 8 percent, the largest decline among the New England states and larger than the nationwide decline of 6 percent. Rhode Islands unemployment rate reached an alarmingly high peak of 11.3 percent in June 2009, and for an extended period (October 2013 to June 2014), the jobless rate was the highest in the nation.
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