Sunday, May 04, 2014

Average U.S. household spends more on federal regulations than for health care, food or transportation

Troubling - but to be fair, this presumes that there are zero benefits to regulation as well (WashingtonExaminer via Instapundit):

Crews estimates the annual cost of compliance with the record number of new federal rules and regulations issued under President Obama at $1.863 trillion.

That works out to a $14,974 “hidden tax” every year for the average U.S. household. That’s 23 percent of the $65,596 annual average household income in America.

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