Wayne Crews of the Competitive Enterprise Institute estimates regulatory costs to be about $1.8 trillion annually. (“Tip of the Costberg“)
The Obama administration has imposed a raft of new regulations, including ObamaCare, that place a heavy compliance burden on private taxpayers and businesses.
Among the “usual suspects” is the baseline for annual economic regulation = $373 billion; a baseline for aggregate annual social regulations = $406 billion; regulations on the Department of Health and Human Services = $184 billion; Federal Communications Commission = $141 billion; Department of Homeland Security = $55 billion.
Added to these are costs of antitrust intervention, regulation of electricity networks & costs arising from constraints imposed on exploiting natural resources.