Posted on 03/31/2013 3:05:09 PM PDT by Jean S
The Small Business Administration Office of Advocacy estimates that it costs Americans $1.75 trillion to comply with federal regulations each year. To put $1.75 trillion into perspective, that amount is larger than all but eight economies in the world. It also means that over 10% of the U.S. economy is spent on trying to satisfy rules issued by Washington bureaucrats. That doesn't even include federal, state, and local taxes.
This heavy regulatory burden diverts resources from innovation to compliance, discourages business investment, and chills job creation. It is no accident that as Washington adds new regulations, more and more Americans are unemployed and underemployed.
From 2003 to 2010, agencies did not publish Notices of Proposed Rulemaking (NPRMs) for approximately 35% of rules with a cost of $100 million or more. This number has nearly doubled since 1998. NPRMs alert the public that the agency is considering a regulation, gives the public the opportunity to comment on the proposed regulation, and allows the agency to use public input to revise the regulation. GAO found that when agencies consider public input while drafting legislation, the regulations are often improved and cost less.
Elected leaders need to carefully consider the costs and negative unintended consequences of unnecessary federal regulations. They need to remember that real people must comply with these regulations and that making them overly burdensome stifles American growth. This blog features just some of the victims of government.
Ron Johnson ping.
this is where Boehner and McConnell are complete failures...how about pulling an obama on obama?? get three dozen middle class families to stand in the background and hold a press conference talking about how obamacare has destroyed the middle class by raising the premiums of health insurance 20%-to-40% on the victims in the background???
get three dozen middle class families to stand in the background at a press conference and talk on how obamanomics has destroyed the middle class by stifling wages while the cost of food and other necessities skyrockets???
get three dozen middle class families to stand in the background talking on how obama’s regulations have destroyed middle class families with $4/gallon gas and home heating oil near record prices???
The wealth destroying regs are purposeful. They’re supposed to protect big business against innovation.
Also, this problem could be easily solved if our legislators would simply reclaim their sole authority to “make law” per the Constitution.
Executive or Administrative Law is unConstitutional.
Ron Johnson ping.
FReep Mail meif you want on, or off, this Wisconsin interest ping list.
Executive or Administrative Law is unConstitutional.
When exactly did it become OK for the EPA, that evil Kathleen Sebelius, Arne Duncan and the rest of the regime to just “go forth” and make new laws?
Yes, the GOP is total failure in not protecting us.
“...over 10% of the U.S. economy is spent on trying to satisfy rules issued by Washington bureaucrats. That doesn’t even include federal, state, and local taxes.”
BUMP!
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