Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

4/17/2014 (7 months ago)

Catholic Online (www.catholic.org)

In exchange for $1.9 trillion secret tax on economy, you get -- nothing.

The Wall Street Journal has exposed one of the greatest problems of the Obama administration and how its behavior is hurting the economy. While most would be quick to cry corruption, the reality is far more mundane and at least as dangerous.

Government regulation is a stealth tax on the economy costing $1.9 trillion annually.

Government regulation is a stealth tax on the economy costing $1.9 trillion annually.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

4/17/2014 (7 months ago)

Published in Politics & Policy

Keywords: Obama, secret tax, regulations, compliance


LOS ANGELES, CA (Catholic Online) - The Obama administration is legendary for passing massive quantities of regulation which are incredibly expensive and are destroying business and government efficiency.

Regulation is a two-edged sword. A measure of it is necessary to ensure both government and business follow the law, avoid discrimination and dangerous practices while serving the public good. However, as individuals find ways to break the system and cheat, for personal motives or for profit, new regulations are created to close these natural loopholes.

Donate Bibles and fight evil with moral education.


Some administrations are more zealous at doing this than others, and the Obama administration is possibly the all-time champion.

According to the WSJ, which cited the Federal Register, 26,417 pages of new laws were passed in 2013, setting a new record.

Many Americans mistakenly believe that only Congress can make law, but this is false. The executive branch makes most of our law by exercising regulatory authority. The judicial branch can also impact things by "interpreting" laws in particular ways -what is commonly referred to as "legislating from the bench."

These regulations have a cost. The WSJ interviewed the Competitive Enterprise Institute's Wayne Crews who estimated the costs of these regulations to be about $1.9 trillion annually. U.S. households pay about $14,974 in these costs annually, mostly in the form of higher prices, passed along by businesses.

 Money spent on compliance is money that is no longer available to build infrastructure, to pay employees more, or to provide better benefits. It's money that is spent on bureaucratic jobs as opposed to creating jobs that produce products of value to the public that can be exchanged.

The WSJ explained: "This regulatory tax makes U.S. businesses less competitive, but it also burdens every American because it is embedded in the prices of all goods and services. Mr. Crews estimates that 'U.S. households 'pay' $14,974 annually in regulatory hidden tax,' or 23% of the average income of $65,596."

This is one of the great hidden costs of the Obama administration. The burdens imposed upon business go far beyond protecting consumers and employees, but rather serve as a hidden tax which raises the entry barrier to business, make business more expensive to conduct, and reduce the quality of life for all.

Some regulations are important and must be had, but if you need to pass 26,417 pages worth in a single year, that's a sign that something is sickeningly wrong with the establishment.

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for November 2014
Lonely people:
That all who suffer loneliness may experience the closeness of God and the support of others.
Mentors of seminarians and religious: That young seminarians and religious may have wise and well-formed mentors.



Comments


More Politics & Policy

The Immigration Conflagration and the Dangers of a Benevolent Dictator

Image of

By Keith A. Fournier

There is no question that comprehensive immigration reform is needed. Most people acknowledge this as a fact. However, the truth is President Obama could have participated in such reform, and he knows it, by working with the 114th Congress which will soon be sworn ... continue reading


Running out the door, Republicans too busy with Thanksgiving to address laws Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

With Thanksgiving turkeys dancing in their heads, many Republican lawmakers are running out the door in lieu of considering a plethora of new legislation. Republican members have discussed resolutions of disapproval and censure. One unnamed lawmaker was ... continue reading


The TOP 10 list of countries where slavery is most prevalent. DO YOU BENEFIT FROM SLAVERY? You might be shocked! Watch

Image of Poor Haitians are commonly enslaved by wealthier family members.

By Catholic Online (NEWS CONSORTIUM)

Last week it was announced that some 36 million people around the world live in slavery, a number that is higher than at any time in history. While most Americans feel that slavery is a distant problem, which has little or no effect on their lives, the sad fact is that ... continue reading


Raking in the dough: Obamacare 'architect' worth millions Watch

Image of Jonathan Gruber has a lucrative connection with the Department of Health and Human Services.

By Catholic Online (NEWS CONSORTIUM)

Jonathan Gruber's good fortune would make lots of college students change their majors to economics. The Massachusetts Institute of Technology, along with his firm Gruber Microsimulation Model has raked in millions. Gruber's chief function is estimating the ... continue reading


Why have Republicans betrayed us to the most anti-life president in history? Mark Levin has an idea Watch

Image of Mark Levin is a Constitutional scholar and commentator.

By Catholic Online (NEWS CONSORTIUM)

Two weeks ago, the American people spoke and sent a message to Obama that we did not approve of his style of leadership. Americans gave control of both the House and Senate to Republicans with a clear mandate to put a stop to the rule of the most anti-life, ... continue reading


Reaping what is sown: No immigration reform hurt Democrats in midterms, former president Clinton says Watch

Image of Speaking in an interview with POLITICO's Mike Allen, Clinton was celebrating the 10-year anniversary weekend of the opening of his presidential library in Little Rock.

By Catholic Online (NEWS CONSORTIUM)

A lack of action may have cost President Obama and the Democratic Party big time, former President Bill Clinton says. The Republican victory at midterms earlier this month may have been the result of a lack of action on immigration reform. Clinton says that ... continue reading


'Mook Mafia' said to be heading Hillary Clinton's run for president Watch

Image of Mook is a word used to describe an underling or person with limited intelligence who does as he was told by higher-ups.

By Catholic Online (NEWS CONSORTIUM)

As coined in the 1974 Martin Scorsese film, "Mean Streets," "mook" is the term used by Italian Americans used to denote a "loser." In later years, mook became known as a word used to describe an underling or person with limited intelligence who did as he was ... continue reading


United Nations takes United States to task for legalizing marijuana Watch

Image of The United Nations is taking some states in the United States for legalizing or decriminalizing marijuana use. The U.N. anti-narcotics chief says that these measures are not in concert with international drug conventions.

By Catholic Online (NEWS CONSORTIUM)

The United Nations is taking some states in the United States for legalizing or decriminalizing marijuana use. The U.N. anti-narcotics chief says that these measures are not in concert with international drug conventions.  LOS ANGELES, CA (Catholic Online) ... continue reading


Federal health care officials scramble to bring health care Web site up to snuff Watch

Image of Throttling would detect overloads sooner and be more efficient than the one long online line federal officials devised last winter. This led to the dreaded

By Catholic Online (NEWS CONSORTIUM)

While the Obama administration is confident that HealthCare.gov is far more adept this time around in time for open enrollment, there are signs that officials are drawing up contingency plans for any eventuality. These plans will hopefully readily address the ... continue reading


California's Willie Brown advises Hillary Clinton not to bother with presidential run - you will Lose Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

Serving two terms as the mayor of San Francisco, longtime Democrat and California politician has some sage words of advice for Hillary Clinton when it comes to a presidential run in 2016: Don't bother, as you won't win. LOS ANGELES, CA (Catholic Online) - ... continue reading


All Politics & Policy News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Ezekiel 34:11-12, 15-17
11 "For the Lord Yahweh says this: Look, I myself ... Read More

Psalm, Psalms 23:1-2, 2-3, 5, 6
1 [Psalm Of David] Yahweh is my shepherd, I lack ... Read More

Gospel, Matthew 25:31-46
31 'When the Son of man comes in his glory, escorted ... Read More

Reading 2, First Corinthians 15:20-26, 28
20 In fact, however, Christ has been raised from the ... Read More

Saint of the Day

Saint of the Day for November 23rd, 2014 Image

Bl. Miguel Pro
November 23: Born on January 13, 1891 in Guadalupe, Mexico, Miguel Agustin ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter