Manufacturing facts: Despite rhetoric, regulations are as burdensome as ever

01/7/2013

This week's excerpt from The Facts About Modern Manufacturing: More than any other sector, manufacturers bear the highest share of the cost of regulatory compliance. Many regulations have benefits for society, yet few people understand their costs and their impact on companies facing intense competition with overseas firms that often do not have similar costs. Manufacturers spend an estimated $192 billion annually to abide by economic, environmental and workplace safety regulations and ensure tax compliance -- equivalent to an 11% "regulatory compliance tax." Manufacturing Facts

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