Townhall highlights Wayne Crews' research on the cost of federal regulations.
Complying with EPA and other government regulations inflicts staggering costs that reverberate throughout our economy, as businesses and families struggle to read, comprehend and comply with them. The Competitive Enterprise Institute calculated that federal regulations alone cost $1.885 trillion per year – prior to the epic regulatory tsunami of 2016 – with the Obama era alone generating $800 billion to $890 billion in annual regulatory burdens, the American Action Forum estimated.
EPA alone is responsible for well over $353 billion of the cumulative annual federal regulatory bill, CEI’s Wayne Crews estimated, based on 2012 data from the first four years of the Obama presidency. Just as disturbing, the total federal regulatory bill is equal to all individual and corporate tax payments combined.
Read the full article at Townhall.