For 48 firms: $2.6 billion
S Ohio's exasperation with the environmental protection bureaucracy in California was surely understood by executives at many other companies, where "the high cost of Government regulation" has become one of the most cited sources of corporate angst. How steep is the price of meeting the proliferating demands and standards imposed by regulators? Estimates of the annual cost of federal regulation alone to U.S. industry have ranged from $79 billion a year (by Republican Economist Murray Weidenbaum) to $135 billion (by the Office of Management and Budget). Some Congressmen have tossed off estimates of $150 billion or more.
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