It is scaring people that actually create jobs because they realize when the government borrows $4 trillion and is on the path to borrow another 8 to $10 trillion over, and even that's … The $1.75 trillion worth of regulatory costs...is 12% of our GDP. … It's 12% of our GDP. That's what we burden our employers, our job creators with on an annual basis. (03:14–03:19)
CLAIM
Asserts that regulatory costs amount to $1.75 trillion, equating to 12% of GDP.
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