Red tape indicators: sports betting, R&D and click-to-cancel

In this episode of "Indicators of the Week," the hosts discuss three economic indicators related to government influence. The first indicator is the reduction in the tax deduction for gambling losses from 100% to 90%, impacting professional gamblers. The second is Section 174 of the U.S. tax code, which initially allowed companies to fully deduct research and development costs but was changed, and now has been restored to allow full deductions again. Finally, they discuss the "click to cancel" rule, a regulation aimed at simplifying subscription cancellations, which was struck down by a federal court due to procedural issues with how the FTC created the regulation.