Welcome back to OnThePoint, I’m Greg C. Truax.
There is a hidden tax on every American: Overregulation, which is quietly impacting every American family. The regulatory burden imposed by federal and state governments has grown relentlessly for decades and now stands at an all-time high.
Federal and state regulations now impose an estimated $2.2 trillion dollars to $3.1 trillion dollar burden on our economy.
The result? Lower wages, fewer startups, weaker competition, and slower economic growth, according to the group Advancing American Freedom. States with lighter regulatory burdens prove that smarter, more limited government is possible.
It’s time to eliminate outdated rules, reform the rulemaking process, and let American entrepreneurs do what they do best: innovate, compete, and create jobs.
From the NewsTalk 1040 studios, I’m Greg C. Truax.
Greg C. Truax is president of GCTMediaGroup, a film production studio, online magazine publisher, radio commentator, and creator of written and broadcast opinion commentary.