top of page
Search

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


Federal regulations added costs of $2.1 trillion for the average American in 2023, according

to a study from the Competitive Enterprise Institute. The eye-popping sum, which incorporates the calculated impact of federal regulations as well as compliance costs, resulted in a “hidden tax” of $15,788 per U.S. household, and was equivalent to nearly 8 percent of GDP, the CEI’s annual “Ten Thousand Commandments” report found. The Biden admin helped drive the surge in regulatory costs, completing 97 rules with costs of $100 million or more.

 
 
 

Comments

Paid for by FedUp PAC, www.FedUpPAC.org
Not authorized by any candidate or candidate's committee.

​

If you prefer to donate by check, please mail your donation to:

​

FedUp PAC
Richard A. Viguerie, Chairman
P.O. Box 1370
Manassas, VA 20108

​

FedUp PAC is an Independent Expenditure political action committee in support of electing a conservative Republican Congress and President, and therefore donations are not tax deductible for income tax purposes. ​

​

FedUp PAC can accept unlimited-size donations as well as corporate donations.​

​

 To view our privacy policy, click here

bottom of page