Report: Federal regulations costing US $1.9T annually

Fox News discusses the cost of federal regulations as cited in Wayne Crews's annual report. 

Federal regulations are now costing U.S. taxpayers and businesses $1.9 trillion a year, or $15,000 per household, according to a report released Wednesday which also found thousands of new regulations are in the pipeline.

The annual Ten Thousand Commandments report was released by the Competitive Enterprise Institute, a fiscally conservative public-policy group.

The report exposes the “hidden” taxpayer costs associated with federal regulations and intervention, according to author Clyde Wayne Crews Jr., vice president of policy at CEI.

“The federal government has become very savvy in hiding costs by expanding their reach beyond taxes into regulations,” Crews said in the report.

Read the full article at Fox News.