The Competitive Enterprise Institute recently released its annual report, "Ten Thousand Commandments," which provides estimates of the extent and cost of federal government regulations. This statistic is startling:
"U.S. households “pay” $14,974 annually in regulatory hidden tax, thereby
“absorbing” 23 percent of the average income of $65,596, and “pay” 29 percent of the expenditure budget of $51,442. The “tax” exceeds every item in the budget except housing."
"U.S. households “pay” $14,974 annually in regulatory hidden tax, thereby
“absorbing” 23 percent of the average income of $65,596, and “pay” 29 percent of the expenditure budget of $51,442. The “tax” exceeds every item in the budget except housing."
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