For too long, state policy and regulatory decisions have been made without regard to consequence. That philosophy cost Pennsylvanians jobs. It weakened our economic growth. And it dulled Pennsylvania s competitive edge. On the books in Pennsylvania today are too many regulations that have become nothing more than a costly frustration.
Regulations are a tax.
A compliance tax. A tax which affects those who are regulated. The overall cost of complying with all government regulation has been estimated to be nearly one-half the cost of direct taxation. Thus, we see the magnitude of the regulatory burden that stifles economic growth and hinders job growth. This is a true and significant burden.