NFIB has a breakdown on the high cost of complying with regulations in the US. A staggering $1.7 trillion spent by businesses each year to deal with the onerous requirements imposed by governmental agencies.
The affects can be felt in a number of ways: fewer products introduced to the market, fewer life-saving drugs available, a stagnant economy, and a lower standard of living just to name a few.
The NFIB story can be found here.
