The Washington Examiner mentions CEI's calculation of the cost of federal regulations.
It's hard to find anything much more detrimental to economic growth than a $1.5 trillion federal income tax, but thanks to the Obama administration's regulatory juggernaut, you certainly don't have to look far.
Indeed, the economic cost of regulatory compliance now totals an astonishing $1.88 trillion, according to the Competitive Enterprise Institute. This "hidden tax" on consumers, households and business has reached critical mass and may now be the chief reason the economy is stuck in low gear growing at just 0.5 percent in the first quarter of this year.
Read the full article at The Washington Examiner.