Excessive regulation is a tax on the economy, costing the U.S. an
average of 0.8 percent of GDP growth per year since 1980. This
taxation by regulation has increased sharply in recent years, with
approximately 500 new economically significant regulations created
over the last eight years alone. Through a thorough review of the
literature, the Council of Economic Advisers (CEA) finds that
deregulation will stimulate U.S. GDP growth.
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