Lee: Roll Back Oppressive, Expensive Federal Regs

In an interview with PJ Media, Sen. Mike Lee says the GOP presidential candidates should be talking more about the need to eliminate federal compliance regulations that cost the economy $2 trillion annually.

Reports Nicholas Ballasy:

Lee, a member of the Senate Judiciary Committee, said Republicans must remind the American people that the $2 trillion in regulatory compliance costs is not only paid for by the rich.

“That’s not paid for just by wealthy Americans or by big blue-chip corporations, that’s paid for by hard-working, poor, middle-class Americans who find that everything they buy, every good, every service is more expensive as a result of these regulations,” he said at the National Press Club Book Fair, where he was promoting his book Our Lost Constitution. “Once that gets understood, then the American people are going to start pushing back and saying, ‘We need relief. We’re being crushed by oppressive regulatory costs.’”

Lee is a co-sponsor of the REINS Act, which was introduced by Republican presidential candidate Sen. Rand Paul (R-Ky.). The bill would require congressional approval for the implementation of major rules and regulations. Republican presidential candidates Sen. Marco Rubio (R-Fla.) and Sen. Ted Cruz (R-Texas) also co-sponsored the legislation. The bill has passed the Republican-controlled House but the Republican-controlled Senate has not voted on the bill.

PJM asked Lee how he is going to pick between the three senators in the race for the GOP nomination.

“They are all fantastic, they all three support the REINS Act. In fact, Rand Paul is the lead sponsor of the REINS Act in the Senate. I could support any one of them if they became president,” he said.

Asked when he will make an endorsement, Lee said, “We’ll see.”