June 20, 2016
By the New York Times Editorial Board
...The plan bases its case for deregulation (click here) on the claim that “the American people now spend $1.89 trillion every year, just to comply with Washington’s rules — approximately $15,000 per household.” That estimate, from the Competitive Enterprise Institute, a free-market group formed in 1984, has been debunked. Its fatal flaw is that it assumes regulations have only costs and no benefits. The Ryan plan recycles that absurdity. It harps on corporate compliance costs while ignoring the social and economic benefits of, say, clean air, clean water, time-and-a-half for overtime, properly underwritten loans and adequate bank capital, to name just a few of the regulatory targets.
By the New York Times Editorial Board
...The plan bases its case for deregulation (click here) on the claim that “the American people now spend $1.89 trillion every year, just to comply with Washington’s rules — approximately $15,000 per household.” That estimate, from the Competitive Enterprise Institute, a free-market group formed in 1984, has been debunked. Its fatal flaw is that it assumes regulations have only costs and no benefits. The Ryan plan recycles that absurdity. It harps on corporate compliance costs while ignoring the social and economic benefits of, say, clean air, clean water, time-and-a-half for overtime, properly underwritten loans and adequate bank capital, to name just a few of the regulatory targets.
Mr. Ryan seems to think his ideas would become reality in a Donald Trump administration. “We feel very confident that our presumptive nominee is comfortable with this agenda,” he said in announcing the plan....
