The Washington Times Weekly - - Politics -

Yes, some­one is ac­tu­ally track­ing the hid­den eco­nomic weight of all those pesky federal reg­u­la­tions. Here’s the star­tling news: It cost Amer­i­cans $1.9 tril­lion last year to com­ply with all the myr­iad rules and pro­to­cols that are is­sued by the federal bu­reau­cracy at the rate of 3,500 a year — this ac­cord­ing to Clyde Wayne Crews, vice pres­i­dent for pol­icy at the Com­pet­i­tive En­ter­prise In­sti­tute. The regs are, in essence, like a hid­den tax.

“Federal agencies crank out thou­sands of new reg­u­la­tions ev­ery year, but we have lit­tle in­for­ma­tion on the cost or ef­fec­tive­ness on most of them,” says Mr. Crews. “There’s lit­tle trans­parency, and no re­li­able source of in­for­ma­tion on ex­actly what ben­e­fits rules are sup­posed to be gen­er­at­ing or if they are serv­ing their in­tended pur­pose.”

Cu­ri­ous? Find the ap­pro­pri­ately ti­tled 87-page “Ten Thou­sand Com­mand­ments” here: Cei.org/10KC

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.