As a new Congress begins, Republicans have made it clear that regulatory reform is a priority that puts the interest of all Americans first, especially concerning the economy.
It's been said that sometimes government rules “have gotten out of balance, placing unreasonable burdens on business—burdens that have stifled innovation and have had a chilling effect on growth and jobs.”
It is in fact President Barack Obama who made that statement in 2011 in his appeal “to strike the right balance” in executive rulemaking.
In an outstanding contradiction to the spirit of these words, the current administration brought our regulatory burden to a bloated $1.88 trillion in 2015—meaning that on average, each U.S. household is bearing an annual economic weight of $15,000. This underscores the reality that unchecked regulations hit business and family finances without distinction.