Burdensome Federal Regulations Are ‘Hidden Tax’ Which Cost $1.9 Trillion: Study
The Washington Times cites Vice President for Policy and Senior Fellow Wayne Crews on CEI’s “Ten Thousand Commandments” report.
The national debt is not the only thing which is measured in trillions of dollars. The cost of federal regulations and their financial impact on American consumers is also heavy according to “Ten Thousand Commandments,” a substantial new report released by the Competitive Enterprise Institute on Tuesday.
The burden of implementing and maintaining endless government rules and requirements and the eventual effect on citizens amounts to an estimated $1.9 trillion “hidden tax of regulation” according to study author Wayne Crews, vice president of policy at the nonprofit organization.