{"id":2897,"date":"2011-04-20T20:43:24","date_gmt":"2011-04-20T20:43:24","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=2897"},"modified":"2011-04-20T20:43:24","modified_gmt":"2011-04-20T20:43:24","slug":"how_much_do_federal_regulation","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=2897","title":{"rendered":"How Much Do Federal Regulations Cost You ?"},"content":{"rendered":"

Yesterday’s Daily Caller<\/a> posted an article about the cost to every American of Washington’s regulations on businesses and state and local governments.  Wayne Crews, vice president for policy at the Competitive Enterprise Institute studied this and found a report stating that regulation cost $1.75 trillion in 2008.<\/p>\n

Mr. Crews points out in his report that companies pass the cost of complying with complex regulations on to the consumer.  He also points out that Washington can raise money through regulation without having to pass unpopular tax bills.<\/p>\n

The article in the Daily Caller points out some of the current overregulation:<\/p>\n

\n

\u2022 In 2010, federal agencies issued 3,573 final rules.<\/o:p><\/span><\/p>\n

\u2022 While agencies issued 3,573 final rules, Congress passed and the president signed into law a comparatively “few” 217 bills. Considerable lawmaking power is delegated to unelected bureaucrats at agencies, an abuse addressed recently in proposals such as the REINS Act.<\/o:p><\/span><\/p>\n

\u2022 Proposed rules in the Federal Register have surged from 2,044 in 2009 to 2,439 in 2010, a jump of 19.3 percent.<\/o:p><\/span><\/p>\n

\u2022 Of the 4,225 rules now in the regulatory pipeline, 224 are “economically significant” meaning they wield at least $100 million in economic impact–this is an increase of 22 percent over 2009’s 184 rules.<\/o:p><\/span><\/p>\n

\u2022 Given 2010’s government spending (outlays) of $3.456 trillion, the regulatory “hidden tax” of $1.75 trillion stands at an unprecedented 50.7 percent of the level of federal spending itself.<\/o:p><\/span><\/p>\n

\u2022 Regulatory costs exceed all 2008 corporate pretax profits of $1.463 trillion.<\/o:p><\/span><\/p>\n

\u2022 Regulatory costs dwarf corporate income taxes of $157 billion.<\/o:p><\/span><\/p>\n

\u2022 Regulatory costs tower over the estimated 2010 individual income taxes of $936 billion by 87 percent–nearly double the level.<\/o:p><\/span><\/p>\n

\u2022 Regulatory costs of $1.75 trillion absorb 11.9 percent of the U.S. gross domestic product (GDP), estimated at $14.649 trillion in 2010.<\/o:p><\/span><\/p>\n

\u2022 Combining regulatory costs with federal FY 2010 outlays of $3.456 trillion reveals a federal government whose share of the entire economy now reaches 35.5 percent.<\/o:p><\/span><\/p>\n<\/blockquote>\n

\n

Keep in mind that the bigger percentage the government is of the economy, the smaller the private sector.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday’s Daily Caller posted an article about the cost to every American of Washington’s regulations on businesses and state and local governments.  Wayne Crews, vice president for policy at the Competitive Enterprise Institute studied this and found a report stating that regulation cost … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2897","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/2897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2897"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/2897\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}