In response to a slow economy and criticisms of abandoning domestic policy, President Bush unveiled an economic growth package with more than $700 billion in tax cuts as its centerpiece. Congress eventually settled on a tax package of only $320 billion, but this was an important step toward a stronger economy with lower marginal tax rates and a fairer tax code. Unfortunately, the hidden taxes imposed by regulation have not received the same attention. Today, Americans face an annual regulatory burden of more than $800 billion http://www.sba.gov/advo/research/rs207tot.pdf —more than $8,000 per household. Unnecessary and ineffective regulations thwart investment and run counter the administration’s vision of economic growth.