The federal government has racked up a $1 trillion regulatory tab since 2005.
A new study from the business-friendly American Action Forum (AAF) released Thursday measures regulatory compliance costs from both the Obama and George W. Bush administrations.
These regulatory costs — equivalent to the size of Mexico’s economy — far outpace the $745 billion in benefits from the same rules, according to the federal government’s own estimates.
The total translates to about $3,080 per person, the report said.
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