Tuesday, May 12, 2015

Report Reveals Hidden Tax of Federal Regulation Reaches $1.88 Trillion

Report Reveals Hidden Tax of Federal Regulation Reaches $1.88 Trillion | Competitive Enterprise Institute: "“The federal government’s reach extends well beyond Washington’s taxes, deficits, and bor­rowing,” said Crews. “Federal environmental, safety and health, and economic regulations affect the economy by hundreds of billions of dollars annually. Regula­tory compliance costs borne by businesses will find their way into the prices that con­sumers pay, affect the wages workers earn, and lead to lower levels of growth and pros­perity.”

“Policymakers and regulators fail to recognize that, while businesses want to ‘create jobs,’ that goodwill doesn’t change the reality that more jobs mean more costs,” continued Crews. “If businesses are burdened by unpredictable regulations coming their way, it is not surprising that they don’t expand.”"


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