The Daily Caller features CEI’s infographic on federal regulations costs to the U.S. economy.
CEI draws on their extensive report, Ten Thousand Commandments, which catalogues the size, scope, and cost of government regulations to the wider economy.
According to the report, the cost to the American people of government interference in the economy is staggering. In 2014, regulations hit the economy to the tune of $1.88 trillion thanks to lost productivity and rising prices. CEI arrived at the $1.88 trillion figure by analyzing the “best available government and private data on these costs.”
But it’s not just big businesses of Wall Street executives who are bearing the cost of Washington’s interference. According to CEI, regulations throughout the economy left the average household $14,976 worse off.
Read the full article at the Daily Caller.