Manufacturers Slammed by Red Tape
Frankly, you wonder why they don't ship all their work overseas
US manufacturers are being significantly impacted by the escalating volume of federal regulations, according to a new report from NERA Economic Consulting on behalf of the Manufacturers Alliance for Productivity and Innovation.
The average number of major federal government regulations promulgated under President Obama in the past three years has been twice as many, or 72 per year, than the 36 per-year average promulgated during the Clinton presidency and the 45 per year average under George W. Bush.
The cost of complying with those new regulations — and all other major federal regulations — will reduce the gross domestic product by anywhere from $240 billion to $630 billion in 2012, and also decrease both the value of manufacturing shipments and manufacturing exports this year,
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?