Federal regulatory costs average over $15,000 per year per American household under the Biden administration, as reported by the Competitive Enterprise Institute. Households pay an average of $15,788 in hidden regulatory costs, consuming 17% of income, according to the annual report by Clyde Wayne Crews titled “Ten Thousand Commandments.” Total compliance costs of federal regulations reach at least $2.117 trillion, approaching individual income tax costs of $2.328 trillion, as noted in the report, which was released on Tuesday, July 30.
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$2.1 Trillion ‘Hidden Tax’: Cost Of Federal Regulations Hit Record High In 2023, Report Says
The Daily Caller -
Where to Begin with Regulatory Reform
National Review -
$2.1 Trillion ‘Hidden Tax’: Cost of Federal Regulations Hit Record High in 2023, Report Says
The Ohio Star -
US Households Lose More Than $15,000 a Year Thanks to Biden Admin Regulations, Report Says
The Daily Signal
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