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REGULATION

 Regulations as a percent of national income slightly decreased in 2006 and have remained unchanged at 16.9 percent since 2004. Despite the stabilization of regulatory costs, regulations remain elevated following a substantial increase in 2002. In 2006, the average American will have to work 61.5 days out of the year to pay for all regulations. In the broader picture, 2006 regulatory costs as a percentage of national income are 3.9 percent higher in 2006 compared to 2000.

Total Regulatory Burden 1977-2006

 

The elevated status of regulatory costs poses a significant problem for American taxpayers for several reasons.

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