Yowza: Federal Regulations Are Costing Americans Insane Amounts of Money

Townhall reports on Wayne Crews's study on the size and cost of federal government regulation. 

According to a new report released by the Competitive Enterprise Institute, federal government regulation is costing Americans a whopping $1.885 trillion per year. That breaks down to $15,000 per household.

"The national debt now stands at $18.9 trillion.11 That is alarming. Yet the federal government’s reach extends well beyond Washington’s taxes, deficits, and borrowing. Federal environmental, safety and health, and economic regulations affect the economy by hundreds of billions—even trillions— of dollars annually in addition to the official dollar outlays that dominate the federal policy debate," the report states. "Firms generally pass the costs of some taxes along to consumers. Likewise, some regulatory compliance costs borne by businesses will find their way into the prices consumers pay, affect the wages workers earn, and lead to lower levels of growth and prosperity."

Read the full article at Townhall