The Wall Street Journal highlights Wayne Crews’s annual study on the costs of federal regulations.
In President Obama’s final year the Federal Register hit 97,110 pages—longer by nearly 18,000 pages, or 15 King James Bibles, than in 2008. Federal regulations cost the American people about $1.89 trillion every year, according to an estimate by the Competitive Enterprise Institute. That’s more than 10% of GDP, or roughly $15,000 per American household. The Obama administration has also burdened the public with nearly 583 million hours of compliance over the past eight years, according to the American Action Forum. That’s averages to nearly five hours of paperwork for every full-time employee in the country.
Read the full article at The Wall Street Journal.