Some State Governments Are Actually Trying to Scale Back Their Regulatory Bureaucracy

“The Competitive Enterprise Institute estimated that “Each U.S. household’s estimated regulatory burden is at least $14,615 annually on average.” In their view, regulation is a “hidden tax” that costs Americans approximately $1.9 trillion per year. There are also intangible costs associated with regulation that are hard to quantify, such as the businesses that don’t exist thanks to regulatory impediments that price budding competitors out of the market.”