Competitive Enterprise Institute | 1899 L ST NW Floor 12, Washington, DC 20036 | Phone: 202-331-1010 | Fax: 202-331-0640
From Lawrence Reed's article in The Times-Herald:
The Obama administration is jamming new regulations down the throats of businesses big and small at a record pace. The Competitive Enterprise Institute estimated that regulations cost Americans a record $1.8 trillion last year. That compares to $3.6 trillion in spending. That means the U.S. government is imposing a 50 percent hidden tax on top of all of its spending, an amount 10 times the total collected from corporate taxes.