The Hill quotes Wayne Crews’s research on the cost of federal regulations from his annual Ten Thousand Commandments report.
The impact of excessive regulation cannot be overstated. It slows economic growth, hampers innovation, stymies job growth and pushes compliance costs to astronomical levels. The Competitive Enterprise Institute (CEI) estimated that federal regulations cost $1.885 trillion in 2015. Based on these costs, CEI describes federal regulation as an unseen tax that costs about $15,000 per U.S. household.
Read the full article at The Hill.