Monday, June 5, 2017

The Cost of Federal Regulations

The Competitive Enterprise's annual report on Federal regulations puts the annual cost at just shy of $2 Trillion. That's 10% of the entire US gross domestic product. It also averages almost $15,000 per household. In calendar 2016 Congress enacted 214 laws and Federal agencies issued 3853 rules. That's 18 rules for every law enacted.

And you wonder why economic growth has slowed? And you wonder why people feel they're struggling to support a $15,000 hidden tax on them every year?

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