ON-Lion Letter

In its May Ten Thousand Commandments:  An Annual Snapshot of the Federal Regulatory State report released in May, the Competitive Enterprise Institute (CEI) in Washington, D.C., reveals the latest on the large, growing "hidden tax" of America's regulatory state.  It indicates a $1.88 trillion hit to Americans consumers and the U.S. economy in 2014 due to federal regulations and intervention. 

Authored by CEI vice president for policy Clyde Wayne Crews, Jr., the report analyzes the size, scope, and cost of federal regulations and how they affect the American public.  It also offers recommendations for how policymakers can increase transparency and accountability when it comes to new and existing federal regulations.

"The federal government's reach extends well beyond Washington's taxes, deficits, and borrowing," according to Crews.  "Federal environmental, safety and health, and economic regulations affect the economy by hundreds of billions of dollars annually.  Regulatory compliance costs borne by businesses will find their way into the prices that consumers pay, affect the wages workers earn, and lead to lower levels of growth and prosperity.

"Policymakers and regulators fail to recognize that, while businesses want to 'create jobs,' that goodwill doesn't change the reality that more jobs mean more costs," Crews continues.  "If businesses are burdened by unpredictable regulations coming their way, it is not surprising that they don’t expand."

The Lynde and Harry Bradley Foundation in Milwaukee substantially supports CEI.

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