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Ten Thousand Commandments: An Annual Snapshot Of The Federal Regulatory State.pdf

Wayne Crews - Ten Thousand Commandments 2014.pdf
Preview of Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State
🔗 Source: cei.org
📊 Size: 5.44 MB
📄 Pages: 89 pages
⬇️ Downloads: 125

Summary

The US federal government's spending and deficits are significant, with outlays of $3.454 trillion in FY 2013 and projected spending of $3.543 trillion in FY 2014. The government's reach extends beyond taxes and deficits, with federal regulations costing hundreds of billions or trillions of dollars annually. The annual Ten Thousand Commandments report highlights the scope of the federal regulatory state, including 87,282 rules issued since 1993, 51 rules for every law in 2013, and estimated regulatory compliance costs of $1.863 trillion annually. This "hidden tax" exceeds the income tax, with US households "paying" $14,974 annually, and regulatory costs accounting for 11.1% of the US GDP. The report also notes that the federal government's share of the economy reaches 31% when combining regulatory costs with federal outlays.

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Description

The US federal government's spending and deficits are significant, with outlays of $3.454 trillion in FY 2013 and projected spending of $3.543 trillion in FY...

Technical Information

  • File Format: PDF
  • File Size: 5.44 MB
  • Pages: 89
  • Language: EN
  • Total Downloads: 125
  • Last Updated: 1 month ago

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