Townhall cited CEI’s Senior Fellow Clyde Wayne Crews’s “Ten Thousand Commandments 2018” annual report.
The Competitive Enterprise Institute (CEI) puts out a report every year that chronicles the regulatory state and the 2018 edition was titled “Ten Thousand Commandments 2018.” That report put some numbers on the difficult-to-measure impact of federal regulations. CEI reported “federal regulations and intervention cost Americans $1.9 trillion in 2017” and found that “federal regulation is a hidden tax that amounts to nearly $15,000 per U.S. household each year, more than Americans spend on any category in their family budget except for housing.” One staggering fact is that if the U.S. regulations were a country, the value of regulations would be the world’s eighth-largest economy – bigger than the economy of Italy. According to CEI, federal regulations costs more to the average American than they pay in taxes annually. Thankfully, Mulvaney and President Trump are focusing on this problem and helping to alleviate regulatory burdens.
President Trump has had a measurable reduction in the regulatory state as evidenced by the CEI study that found “the 2017 Federal Register contained 61,308 pages, the lowest count since 1993 and a 36 percent drop from Obama’s 95,894 pages in 2016, the highest level ever recorded.” Three cheers to President Trump for his accomplishment.