Here in Harrisburg, any elected official will tell you the importance of accurately weighing the costs and benefits of a policy. As servants to the public it is our duty to make sure that new laws and legislation work to provide benefits to the public and their businesses. Shouldn’t we hold our regulators to the same standard?
Many may not be aware of the costs of regulations, but businesses nationwide will certify estimates that bad regulations hamper nearly $2 trillion in economic activity annually through steep compliance costs and lost productivity. That’s the thing about regulations. Unlike taxes, regulatory burdens are easily passed from company to consumer. For Pennsylvanians, that means higher costs everywhere.