And is there anything to break that? Well, but I've known that for years. One eye popping figure that I have learned since I've come here is According to the SBA, the total cost of complying with federal regulations every year is $1.75 trillion. Now, to put that in perspective, that's a larger number than all but eight economies in the world. It's 12% of our economy. That's what we're burdening American businesses, job creators with every year. (04:34–04:43)
CLAIM
Asserts that the annual cost of complying with federal regulations is $1.75 trillion.
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