At best this is a half-truth. For example, consider a new regulation on industrial air pollution. This would certainly add a financial burden to industries that produce air pollution, e.g., factories, refineries, etc. But, these represent only a fraction of the whole economy. More broadly, such regulations would create opportunities for innovation. There would be lots of money to be made from producing and selling air filters and other pollutant-reducing technologies. This would have the effect of growing and diversifying the economy, both in financial terms and in the creation of jobs. And then of course there are the non-economic benefits, notably less toxic air. So, please stop saying that increased regulation hinders economic growth.