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Friday, 16th April 2010

Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State

Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State
Source: Competitive Enterprise Institute
From press release:

Federal regulations cost a whopping $1.187 trillion last year in compliance burdens on Americans. That’s the finding of a new report, Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State, from the Competitive Enterprise Institute that examines the costs imposed by federal regulations.

“Trillion-dollar deficits and regulatory costs in the trillions are both unsettling new developments for America,” said report author, Clyde Wayne Crews, CEI Vice President for Policy. “It is sobering to note how both dwarf the initial $150 billion ‘stimulus package’ of early 2008.”

The costs of federal regulations often exceed the benefits, yet receive little official scrutiny from Congress. The report urges Congress to step up and take responsibility as lawmakers to review and roll back economically harmful regulations. “Rolling back regulations would constitute the deregulatory stimulus that the U.S. economy needs,” said Crews.


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