US Regulatory Costs Amplify Pressure of the Mammoth Deficit

US Regulatory Costs Amplify Pressure of the Mammoth Deficit

May 25, 2012
Originally published in The Oil & Gas Journal

From Bob Tippee's column in The Oil & Gas Journal:

An annual report published by the Competitive Enterprise Institute estimates the cost of federal regulation at $1.8 trillion. Author Clyde Wayne Crews Jr., a CEI vice-president, bases that number partly on an estimate by the Small Business Administration of regulatory compliance costs in 2008 of $1.752 trillion. To that he adds $55 billion, which the Weidenbaum Center at Washington University in St. Louis and the Mercatus Center at George Mason University in Virginia estimate agencies spend annually on administration and enforcement.