Biden’s Regulatory Deluge

Regulatory costs to the economy are now reckoned to be at least $2 trillion, or roughly 8% of U.S. gross domestic product in 2021, according to Wayne Crews at the Competitive Enterprise Institute. If you think of regulation as a tax, Mr. Crews notes, it would be larger than the federal income tax and come out to around $14,684 per family. If the cost of U.S. regulation were a country, it would rank a little behind France’s GDP.

Read the full article on the Wall Street Journal.