Thursday
Ten Thousand Commandments
Clyde Wayne Crews, Jr
...Reports that regulatory costs exceed all pretax corporate profits ($745 billion) and all personal income taxes ($765 billion). The number of pages in the Federal Register, where new regulations are published, has increased 6.2 percent to 75,676 pages-an all-time record.
... On the basis of estimates from the Weidenbaum Center and the Mercatus Center, agencies spent $36.3 billion merely to administer and police the regulatory state in 2004. Counting the $877 billion in off-budget costs, that brings the total regulatory burden to $913 billion.
Annual Snapshot of the US Regulatory State
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