The impact of federal regulations from 1997 to 2015 on the Arizona economy is associated with the following regressive effects:
143,888 people living in poverty
3.4 percent higher income inequality
170 fewer businesses annually
2,204 lost jobs annually
7.35 percent higher prices
With regard to the volume of state-level regulations, Arizona ranks 39 of 44 states for which data are available (where a rank of “1” is most burdensome).
Regulations have unintended consequences. Recent research shows that a greater regulatory burden (as measured by the number of regulatory restrictions—instances of the words and phrases shall, must, may not, prohibited, and required—included in rules and regulations) is associated with increased poverty rates, higher levels of income inequality,