National Review highlights Ryan Young's estimate of the annual cost of compliance with the EPA's regulations
The EPA’s expansive and ever-expanding regulations impose huge costs on American businesses and, ultimately, on consumers. An analysis by the Competitive Enterprise Institute estimated that the annual cost of compliance with EPA regulations alone is more than a third of a trillion dollars. Ideology is one thing, but corruption and abuse are quite another. A scheme was exposed some years ago that would have diverted EPA “research” funds to pay outside public-relations consultants. This payola scheme is similar to the agency’s longstanding practice of buying influence by doling out hundreds of millions of dollars each year to certain favored nonprofit organizations — money that, according to the inspector general and Government Accountability Office, is dispersed with no public notice, competition, or accountability. The GAO investigators documented systematic malfeasance by regulators, including: 1) making grants to grantees who were unable to fulfill the terms of the grants; 2) favoring an exclusive clique of grantees without opening the grants to competition; 3) funding “environmental” grants for activities that lack any apparent environmental benefit; and 4) failing to ensure that grantees performed the objectives identified in the grants.
Read the full article at National Review.