The Washington Post highlights Wayne Crews's calculated cost of federal regulations from his anual Ten Thousand Commandments report.
Beyond trade, America’s Gulliver economy is also being tied down by thousands of Lilliputian regulations. The Office of Management and Budget and the Heritage Foundation estimate a cost burden approaching $2 trillion annually. The Competitive Enterprise Institute calculates an annual “hidden tax” of “nearly $15,000 per U.S. household.” Despite these exorbitant costs, the Obama administration issued more than 3,300 final rules and regulations in 2015, about a thousand more than the prior year.
Read the full article at The Washington Post.