$2.1 Trillion ‘Hidden Tax’: Cost Of Federal Regulations Hit Record High In 2023, Report Says

Federal regulations added record-breaking costs of $2.1 trillion for the average American in 2023, according to a study from the Competitive Enterprise Institute (CEI) released Tuesday. The large sum incorporates the calculated impact of federal regulations as well as compliance costs, resulting in a “hidden tax” of $15,788 per U.S. household...