Wayne Crews Considers the Cost of Regulation

Wayne Crews, CEI’s Vice President of Policy, has an article at RealClearMarkets today, challenging the Obama administration to look at cutting mroe costs than just items in the budget.

Regulation aren’t as visible as taxes and big items on the federal budget but their effects are just as great.  Just like taxes remove money from the economy, regulations weigh down productivity, often with very little benefit to show.

Wayne’s advice on how to fix this:

  • Compile a periodic “report card” on the numbers and costs of regulations in each agency
  • Establish a regulatory cost freeze
  • Set up a Regulatory Reduction Commission to assemble a package of regulations to cut
  • Employ separate budgets for economic regulation and environmental/social regulation

Read more at RealClearMarkets.com