Of particular concern to many entrepreneurs is the federal regulatory burden. They were more concerned about regulations than about making a profit, paying taxes, or controlling health-care costs. Clearly, reducing the regulatory burden is vital to create the basis for robust economic growth. Forcing the entrepreneur to comply with regulations diverts resources to less-productive uses. Economic growth is created by entrepreneurs efficiently providing goods and services to their consumers.
Regulations interfere with the basic process of production.
Furthermore, the economic well-being of consumers is maximized by satisfying their wants at the lowest possible costs. Regulations raise costs and hinder entrepreneurs from supplying many consumer goods. Higher costs slow economic growth. The slow down in economic growth reduces incomes and makes everyone poorer. The costs of federal regulations are enormous.