You mentioned the $1.75 trillion. We mentioned that figure a lot. But people really need to stop and think about that. That is a larger figure than all but eight economies in The cost [of regulations] is 12% of our GDP. That's the cost that we heap on job creators every year. And so my regulation, Moratorium and Job Preservation act would stop the issuance of all new rules and regulations … (00:46–00:47)
CLAIM
Asserts that the cost of regulations is 12% of the U.S. GDP.
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