How much does it cost Americans to comply with federal regulations? Try $1.9 trillion a year

Question of the Day

Is it still considered bad form to talk politics during a social gathering?

View results

Yes, someone is actually tracking the hidden weight of all those pesky federal regulations. Here’s the startling news: it cost Americans $1.9 trillion last year to comply with myriad rules and protocols that are issued at the rate of 3,500 a year - this according to one Clyde Wayne Crews, vice president for policy at the Competitive Enterprise Institute.

The regs are, in essence, like a hidden tax, he says.

“Federal agencies crank out thousands of new regulations every year, but we have little information on the cost or effectiveness on most of them,” says Mr. Crews. “There’s little transparency, and no reliable source of information on exactly what benefits rules are supposed to be generating or if they are serving their intended purpose.”

He adds, “The regulatory state wasn’t small before, but it has grown at an alarming rate during the Obama administration. The president has said publicly he will not wait for Congress to pass legislation because he has a pen and a phone. This means the administration aims to implement policy through regulation.”

Read it and weep? See and download the appropriately titled, 87-page “Ten Thousand Commandments” here

© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.

Comments
blog comments powered by Disqus
TWT Video Picks
You Might Also Like
  • Maureen McDonnell looks on as her husband, former Virginia Gov. Bob McDonnell, made a statement on Tuesday after the couple was indicted on corruption charges. (associated press)

    PRUDEN: Where have the big-time grifters gone?

  • This photo taken Jan. 9, 2014,  shows New Jersey Gov. Chris Christie gesturing as he answers a question during a news conference  at the Statehouse in Trenton.  Christie will propose extending the public school calendar and lengthening the school day in a speech he hopes will help him rebound from an apparent political payback scheme orchestrated by key aides. The early front-runner for the 2016 Republican presidential nomination will make a case Tuesday Jan. 14, 2014, that children who spend more time in school graduate better prepared academically, according to excerpts of his State of the State address obtained by The Associated Press. (AP Photo/Mel Evans)

    BRUCE: Bombastic arrogance or humble determination? Chris Christie’s choice

  • ** FILE ** Secretary of State Hillary Rodham testifies on Capitol Hill in Washington, Wednesday, Jan. 23, 2013, before the Senate Foreign Relations Committee hearing on the deadly September attack on the U.S. diplomatic mission in Benghazi, Libya, that killed Ambassador J. Chris Stevens and three other Americans. (AP Photo/Pablo Martinez Monsivais, File)

    PRUDEN: The question to haunt the West

  • Get Breaking Alerts