Regulations Cost Your Family $15,000 a Year

Main St. Agenda by from Real Clear Policy, June 2, 2014

As the battle to control Congress heats up, Republicans and Democrats are blaming each other for Washington’s runaway spending and high deficits. And they’re both right.

A positive result of all this mudslinging is many voters are becoming familiar with some sobering numbers. This year, the federal government will spend about $3.5 trillion and will run a deficit of about $500 billion. But another equally important figure has yet to gain enough attention: The federal regulatory state costs the economy an additional $1.86 trillion annually.

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