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Cost of Government Day (COGD)
[2005] [2004] [2003] [2002] [2001]

2001 COST OF GOVERNMENT DAY

Cost of Government Day 2001 is on July 6.

A few of our initial findings in this year’s Cost of Government Day report:

  • The upward trend continues. The overall cost of government has risen steadily, every
    year, since 1993, an unprecedented trend in the history of Cost of Government Day
    (calculated since 1977).
  • Taxes outstrip GDP in unprecedented trend. Federal tax revenues have grown faster
    than GDP every year since 1993 (an unprecedented trend in the modern era), reaching highs
    never before seen in our nations history (20.7% in 2001).
  • State taxes match economic growth. By contrast, state revenues have steadily matched
    the rate of economic growth. Aggregate state revenues, measured as a percentage of GDP,
    have remained flat since the mid 1980’s (National Income Product Accounts).
  • Federal Regulation Explodes. The number of major new regulatory rules accelerated its
    recent flight upward, culminating in 48 new major rules in just the first quarter of 2001.

For more information, see: