Putting Regulators on a Budget

National Affairs cites Vice President for Policy Wayne Crews on the cost of regulation:

Separately, in 2015, regulatory analyst Clyde Wayne Crews from the Competitive Enterprise Institute estimated the total annual cost of regulations to be approximately $1.88 trillion per year. In another paper, Crews looked at a 2002 Office of Management and Budget study and, after adjusting its data to 2013 dollars, he reported an estimated cost of $1.25 trillion annually. To put figures like this into perspective, in 2014 the U.S. Treasury collected $320.7 billion in corporate income taxes and approximately $1.4 trillion in individual income taxes. 

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