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Congress Should Get Ready to ‘Scrub’ Regulatory Rulebooks

Monday, January 9, 2017 9:41
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InsideSources highlights Wayne Crews’s calculated cost of federal regulations from his annual study. 

According to the Competitive Enterprise Institute, the cost of complying with government regulations represented a “hidden tax” of about $5,888.90 for every man, woman and child in the United States. CEI says these regulations create inefficient processes and useless paperwork that amount to $1.9 trillion in waste.

Instead of removing individual, costly regulations in a piecemeal fashion, lawmakers could repeal thousands of unneeded rules in one pass, by making into law the SCRUB Act, which would then repeat the process each year, saving about $285 billion in wasted effort and money annually.

Read the full article at InsideSources

Date: 
Friday, January 6, 2017
Source: 
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Referenced experts: 
Clyde Wayne Crews
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Source: https://cei.org/content/congress-should-get-ready-%E2%80%98scrub%E2%80%99-regulatory-rulebooks

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