May 24, 2023
Testimony on Regulatory Burdens and Economic Growth
In testimony before House of Representatives Committee on the Budget, AAF President Douglas Holtz-Eakin discusses the harmful impacts of excessive regulatory costs on economic growth.
His key points:
- The United States is in need of faster long-term economic growth;
- The burden of federal regulations has risen over time and is currently growing at an alarming rate;
- Excessive regulation is a headwind to long-run growth and exacerbates the near-term inflation pressures; and
- There are several strategies Congress could pursue to control the growth of regulatory costs.