Investor's Business Daily highlights Wayne Crews's annual report on the cost of federal regulations.
Dodd-Frank bank reform, the EPA's excessively stringent “Clean Power Plan” rules on power plants and factories, higher minimum wages, the FCC regulating the Internet as if it were a 19th century utility, and a host of other examples of major regulations now weigh down the economy's ability to grow. They will have to be addressed and, in many cases, repealed.
In its annual report, “Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State,” the Competitive Enterprise Institute (CEI) notes that regulations imposed by more than 60 federal departments, agencies and commissions impose what it calls a “hidden tax” of $1.9 trillion on the U.S. economy — or roughly $15,000 per household every year.
Read the full article at Investor's Business Daily.