The Shocking Truth About Regulatory Costs

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“After years of rapid growth during the Obama administration, the cost of federal regulations is now bigger than the entire economies of all but nine countries in the world. Author Clyde Wayne Crews found that the ‘regulation tax’ imposed on the economy now tops $1.86 trillion. By comparison, Canada’s entire GDP is $1.82 trillion. India’s is $1.84 trillion. [..] The article also notes that on a per-household basis, federal regulatory costs average nearly US$15,000. US regulations are not “capped” nor are they subject to specific legislative oversight. In theory, regulations and regulatory costs can simply continue to grow until they become literally unaffordable.”

http://www.thedailybell.com/news-analysis/35259/The-Shocking-Truth-About-Regulatory-Costs/

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