Time for a regulatory budget
Editor’s Note: See also A Website Dedicated to the Implementation of a Regulatory Budget.
From: The Hill
By J.T. Young, opinion contributor
A budget would help address regulations’ two major issues: The obvious, affordability, and the overlooked, accountability.
America’s private sector bears the cost of regulation. Regardless of good intention, costs mount. Regulations have been aptly called an invisible tax. As with taxes, while often justified by some programs deemed worthwhile, they still subtract from private individuals’ means. The private sector — individuals and businesses — can do less than they would otherwise — save, invest, and spend.
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