The Patriot Post® · Regulatory Explosion in 2013

The ever-growing regulatory state continues to strangle the U.S. economy. American Action Forum calculates that, in 2013, the cost of complying with new federal regulations stripped $112 billion from the economy, and $494 billion dating back to 2009. Most of last year’s hefty cost comes courtesy of two environmental standards. In total, the new rules equate to nearly 158 million hours of additional paperwork. AAF estimates this year’s financial burden to approach $143 billion. To see the effect of these regulations, see December’s jobs report.