Overlooked Biden Executive Order Could Have Greatest Harmful Impact
World Net Daily cites Vice President for Policy Wayne Crews on regulatory reform:
Clyde Wayne Crews, a regulation expert at the Competitive Enterprise Institute, warned that Biden’s order is “likely to do away with cost-benefit analysis by elevating unquantifiable aims as benefits and deny costs of regulation altogether,” Issues & Insight pointed out.
In so doing, Crews said, it will “put weight on the scales of whether or not to regulate such that the answer will always be in the affirmative.”
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Today, according to the Competitive Enterprise Institute, regulations imposes $1.9 trillion in annual costs, which amounts to an enormous hidden tax on families.