Issues: Red Tape and Regulation

The Issue

Complying with the thousands of regulations federal bureaucrats are scheduled to approve this year could cost American individuals and businesses over $700 billion. This figure doesn't even take into account the indirect costs imposed by these regulations including loss of productivity and limits on innovation and growth. According to the Center for the Study of American Business at Washington University, $1.3 trillion in total U.S. economic activity is lost each year due to federal regulations.

The FreedomWorks Position

We want to end burdensome government regulation and rely on the marketplace as an efficient regulator of business activity.