MOUNT PLEASANT, IA. -- Since the Progressive era of the early twentieth century, the regulatory state has grown tremendously. Although regulation is necessary to uphold the rule of law, too much regulation can stifle business and cost taxpayers, both individuals and business owners, countless hard-earned dollars.
The Competitive Enterprise Institute’s annual report on regulation, Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State, provides citizens with a sound idea of how much federal regulation costs taxpayers. Clyde Crews Jr., the author of the report, noted that the “government’s reach extends well beyond taxes that Washington collects and the deficit spending at which it excels…Federal environmental, safety and health, and economic regulations cost hundreds of billions of dollars every year over and above the costs of official federal outlays.”
“The Ten Thousand Commandments report provides a shocking view of the overreach of government by bureaucracy and the regulations that empower the plethora of agencies that oversee almost every aspect of American life,” said John Hendrickson, a Research Analyst with Public Interest Institute in Mt. Pleasant, Iowa.
“Does Regulation Cost Money?” from Public Interest Institute’s LIMITS, is available at www.limitedgovernment.org.
For an interview or more information on this issue, contact John Hendrickson, Public Interest Institute Research Analyst.
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