Oleg Zabluda's blog
Thursday, July 26, 2018
 
The National Association of Manufacturers (NAM) has issued a report that shows the macroeconomic impact of federal...
The National Association of Manufacturers (NAM) has issued a report that shows the macroeconomic impact of federal regulations.
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Total cost of federal regulations in 2012 was $2.028 trillion (in 2014 dollars). The annual cost burden for an average U.S. firm is $233,182, or 21 percent of average payroll. Eighty-eight percent of those surveyed say that federal regulations are a top challenge for their firm.
[...]
regulations costs breakdown into four main categories (in billions of dollars):

Economic: $1,448
Environmental: $330
Occupational Safety/Heath & Homeland Security: $92
Tax Compliance: $159
[...]
The analysis finds that the average U.S. company pays $9,991 per employee per year to comply with federal regulations. The average manufacturer in the United States pays nearly double that amount—$19,564 per employee per year. Small manufacturers, or those with fewer than 50 employees, incur regulatory costs of $34,671 per employee per year.
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http://www.nam.org/Special/Total-Cost-of-Regulation.aspx

http://www.nam.org/Special/Total-Cost-of-Regulation.aspx

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