Obama Issued $216 Billion in New Regulations in 2012, Showing the Need For Reform
Even though these regulations may seem harmless, the costs add up. Something needs to be done about excess regulations so that the worker can take back some of their $15,524 that is lost every year.
One solution to this problem comes from the Competitive Enterprise Institute, a “free-market” conservative think tank in Washington, D.C. CEI has proposed that a “Regulatory Reduction Committee” be established to reduce frivolous regulations. This committee would provide a yearly package of proposed regulatory reductions to be voted on by Congress, thereby giving our lawmakers the ability to repeal regulations.