… think it's still good to kind of just put that estimate up against the size of our economies, just to put it in perspective. So whether you agree or disagree, The regulatory burden is huge. These estimates are somewhere between 1.75 and over $2 trillion per year. Now compare that to the size of the American economy last year is $16.8 trillion. So the regulatory burden, potentially, again, this is a projection, potentially could be more than 12% the size of our economy. (01:56–02:04)
CLAIM
Asserts that the regulatory burden costs between $1.75 trillion and over $2 trillion annually.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
