Few business leaders would question that complying with local, state and federal regulations poses a growing fiscal challenge.

A recent Cato Institute study (bit.ly/Regcosts) estimates that regulatory costs for U.S. businesses comprise from 1.3%-3.3% of total labor costs. Those figures are likely to spike as state and federal regulators take on additional initiatives, including efforts to reduce discharges of per- and poly-fluoroalkyl substances (PFAS) in wastewater, as well as microplastics.

A third concern centers on fleets, amid a push by California and other states to require commercial fleets to phase out half of their gasoline or diesel-powered trucks ...