Source Pravda.Ru

US Federal regulation amounted to $2 trillion in 2014

 

"Federal regulation and intervention cost American consumers and businesses an estimated $1.88 trillion in 2014 in lost economic productivity and higher prices," amounting to roughly $15,000 per household, the report said.

Sixty agencies, departments, and commissions comprising the federal bureaucracy have 3,415 regulations in the process of being finalized. Therefore, the number of regulations far surpasses the number of laws passed by Congress.

Also read: USA has two options to save its economy: declare default or trigger off war

"In 2014, agencies issued 16 new regulations for every law-that's 3,554 new regulations compared to 224 new laws," the report said.

The Departments of the Treasury, Commerce, Interior, Health and Human Services (HHS), Transportation (DOT), and the Environmental Protection Agency (EPA) account for 48 percent of all federal regulations.

Government regulation has led to a hidden "tax" for Americans, the report said, as businesses pass along compliance costs to consumers.

Also read: Global economy can survive perfectly without USA?

In addition, regulation is a way for the federal government to further agendas without relying on the legislative system.

"Rather than pay directly and book expenses for new initiatives, federal regulations can compel the private sector, as well as state and local governments, to bear the costs of federal initiatives," the report said.

Pravda.Ru

Source: EntryNews.com

Read full report here 

 

Certainly readers already know that the Prosecutor's Office of Nanterre has ordered that Marine Le Pen, secretary of the Rassemblement National (former FN) and parliamentary to the Assembly, be submitted to psychiatric examination.

This is a liberation fight from the Soviet EU

Certainly readers already know that the Prosecutor's Office of Nanterre has ordered that Marine Le Pen, secretary of the Rassemblement National (former FN) and parliamentary to the Assembly, be submitted to psychiatric examination.

This is a liberation fight from the Soviet EU
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