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

Joe Biden in Oval Office

Federal regulations added record-breaking costs of $2.1 trillion for the average American in 2023, according to a study from the Competitive Enterprise Institute (CEI) released Tuesday.

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 administration helped drive the surge in regulatory costs, completing 97 rules with costs of $100 million or more.

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Commentary: Our Indispensable Man

Angelo Codevilla

“The graveyards are full of indispensable men,” goes the old saying, and who could argue? The sun rose this morning as it did yesterday and will again tomorrow. Life goes on, as always, for better and often for worse. But now it is a life bereft of the remarkable intellect and insight of Angelo Codevilla, a patriot who despised what he saw his country becoming and who sought to rouse and educate his fellow Americans to resist.

Truly, he was our indispensable man.

He was remarkable, too, for his energy. It isn’t quite correct to say he was indefatigable. At 78, he couldn’t help but slow down a bit. But this was a man who survived two heart transplants and a number of recent health challenges. Even when he was sick, he kept writing and working.

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