Washington Times cites 10,000 Commandments.
It’s true. A full seven months after President Trump’s inauguration and the convening of a new Congress, there is a sense of frustration that not enough has been accomplished. Hopefully, when Congress and the president get back to Washington in September, we’ll see solid progress on measures to cut taxes and reform the tax code, and to replace Obamacare with a more market-oriented system. Not to mention passage of a budget and action on the debt ceiling.
But it’s not true that nothing significant has been achieved. In the area of regulatory reform, both Mr. Trump and Congress have taken meaningful actions that serve to increase the accountability of the federal bureaucracy to the popularly elected branches of government. And these actions, by curtailing regulatory excesses, will help spur economic growth and job creation.
According to the 2016 edition of the Competitive Enterprise Institute’s annual “Ten Thousand Commandments” compilation, at an estimated $1.88 trillion a year, regulatory compliance costs are equal to about half of all federal spending. On a per-household basis, these regulatory costs add up to more than $14,000 a year.
Read the full article at Washington Times.