U.S. Senator Chuck Grassley references Wayne Crews' study on federal regulation's cost to Americans in the senator's news release.
Federal regulations create a regressive tax on all Americans. Hidden compliance costs passed on to U.S. households reach nearly $15,000 per year per household, according to an analysis by the Competitive Enterprise Institute. A joint academic study estimates the federal government spends $57.3 billion to enforce its regulations. Another projection by the Competitive Enterprise Institute concludes the U.S. regulatory footprint would rank as the 10th largest economy in the world.