REGULATORY COSTS - WAYNE CREWS
Openmarket.org: How Much Does Federal Paperwork And Tax Compliance Cost?
The Office of Management and Budget, in its 2011 Information Collection Budget of the U.S. Government, estimates that 8.783 billion hours is required to complete regulatory paperwork annually, up from 7.4 billion in 2000, but down from 2009. The OMB doesn’t focus on the projecting of cost estimates for all these hours, but does allow that “if each hour is valued at $20, the monetary equivalent would be $176 billion.” > Read the full analysis on Openmarket.org
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