The St. Louis Post-Dispatch discusses the cost of regulations with Wayne Crews.
While fights over health care and tax reformhave captured the spotlight, President Donald Trump and the Republican Congress have spent 2017 methodically unraveling regulations of the previous administration that affect broad swaths of the American economy.
Republicans say that it’s a necessary pendulum swing away from President Barack Obama’s “nanny state” and that their work already has boosted the economy.
The Competitive Enterprise Institute, a free-market advocacy organization, estimates that regulatory compliance annually costs the American economy $1.9 trillion. That amounts to a “hidden tax” of roughly $15,000 on the average American family, the CEI says, a statistic often cited by Republicans.
“The pace of the amount of regulations that (Trump) is putting into the pipeline has gone way down,” said Wayne Crews, vice president of policy at the CEI. “And the regulations that were in the pipeline but were not final under Obama, he was able to slow that down.”
Read the full article at The St. Louis Post-Dispatch.