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Tale of the Red Tape: $22 Billion in Savings from Cutting Ridiculous Regulations
(By - Eric Pianin, www.thefiscaltimes.com)
For years, some fishermen were required to file weekly reports with a federal agency on their catches — even on weeks they didn’t fish. Falconers had to obtain permits from both the state and the federal government to go hunting. And state workers involved with a federal Summer Food Services program stuck with USDA paperwork equivalent to 25,000 hours a year.
Those examples of burdensome government red tape are among the outdated, often irrational and typically costly federal regulations eliminated as part of a regulatory improvement program President Obama ordered in 2011. A report issued late last week by the White House Office of Management and Budget claims that 179 “retrospective initiatives” or regulatory improvements since then will achieve $22 billion in savings over the coming five years. Read more…
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