So we need to free the shackles of small businesses, and we've got to deal with our regulatory state. I mean, They did an extensive study, I think it was 11, 12 years ago on the cost of regulation... estimated the cost to the economy was somewhere between 1.7 trillion to $2.2 trillion for all the regulation. Now, I don't have a problem with some level of regulation. Nobody has a problem with some level. But to think that the extent that we have today is just choking businesses. (19:49–20:11)
CLAIM
Asserts that a study estimated the cost of regulation to the economy at $1.7 to $2.2 trillion.
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