$63 Billion


In: The Lonestar Weekly   Posted 05/01/2017
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We’re a few months into the new Congress, and the Senate has been hard at work getting the American economy going again.
 
One of the tools we’ve used to do this is the Congressional Review Act, or CRA, which allows us to get rid of regulations put in place at the 11th hour by the previous Administration. By one estimate, the cost of these Obama-era regulations total more than one trillion dollars. This amounts to more than 700 million hours of paperwork for our economy, stifling growth by putting the federal government’s boot on the neck of job creators. 
 
So far this Congress, our efforts have saved taxpayers more than $63 billion and 52 million hours of paperwork.
 
 
 
By rolling back these rules and regulations, we’ve been able to provide relief to small businesses, family farmers, and entrepreneurs so they can spend more time innovating and creating jobs and less time dealing with red tape. It’s past time for the federal government to get out of the way — reducing unnecessary regulation will encourage growth and strengthen our state’s future.