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EPA Costs US Economy $353 Billion per Year

Richard Parker Windsor was unavailable for comment:

Transparency is the lifeblood of democracy. Washington needs more of it, especially in the all-too-opaque world of regulation. The Environmental Protection Agency (EPA), for example, is the most expensive federal regulatory agency. Its annual budget is fairly modest in Beltway terms, at a little less than $11 billion, but that’s not where the vast majority of its costs come from. Complying with EPA regulations costs the U.S. economy $353 billion per year — more than 30 times its budget — according to the best available estimate. By way of comparison, that is more than the entire 2011 national GDPs of Denmark ($332 billion) and Thailand ($345 billion).

Transparency may be the lifeblood of democracy, but it’s the enemy of graft.   The best reason to pass the REINS Act.

Posted in Economics, Politics.

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