Before the Holidays, the Heritage Foundation published a report that tallied up how some specific federal, state, and local policies impact average Americans. The table below provides the answer $4,440 based on the specific policies outlined which are usually nothing but self-inflicted “dumb” policies (like the recently-lifted oil export ban).
Land use regulation and occupational licensing were the most “expensive” regulations, but the ridiculous ethanol mandate and federal sugar program are not only expensive, but harm the environment. There are plenty of other harmful policies that place untold burdens on Americans, often impacting the poorest Americans the most. I have written about New Mexico’s occupational licensure laws and their negative impacts which fall disproportionately upon the poor.
Any specific stories or policy mistakes — especially right here in New Mexico — that you’d like to see addressed? Put down a comment!