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The heavy price of regulations

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The heavy price of regulations

Moreover, countless other federal, state, local and international regulatory authorities are busy interpreting, implementing and imposing rules under thousands of laws, ordinances and treaties. The Competitive Enterprise Institute’s “Ten Thousand Commandments” project calculates that federal rules alone cost American businesses and families $1.8 trillion in annual compliance costs. No one has estimated the enormous cumulative costs of all the multiple layers of rules on our innovation, job creation and retention, prosperity and pursuit of happiness.