“Federal environmental, safety and health, and economic regulations and interventions affect the economy by hundreds of billions—even trillions—of dollars annually. These regulatory burdens can operate as a hidden tax.” Clyde Wayne Crews Jr.’s Ten Thousand Commandments is an annual review of the federal regulatory state. The report projects that the burden of regulatory intervention is projected to be $1.9 trillion in 2020.
Alert: Follow coronavirus-related federal tax changes for your business through the IRS.
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