Cost Of New Regulations Under President Obama: $448 Billion
The high cost of big government:
“Ignoring all non-“major” rules with costs in 2009, the regulatory tally still surpassed $61 billion. In 2010, counting only “major” rules, the regulatory bill rose to $160 billion in lifetime costs. AAF began tracking every proposed and final rule in 2011. That year alone the Administration published more than $231 billion in regulatory costs. AAF reviewed 6,705 regulations in 2011 and has tracked more than 4,700 regulations to date in 2012.”
The most costly government agencies in 2012 alone are Health and Human Services (which has an estimated regulation burden of $16.7 billion), the Environmental Protection Agency ($12.1 billion), the Department of Energy ($10.6 billion), the Department of Justice ($6.9 billion), and the Securities and Exchange Commission ($6.2 billion).
If you don’t think this is having an impact on the nation’s economy, think again. Earlier today I posted about a report showing the rate of job creation from start-up businesses is the lowest under Obama of any president on record. The cause? High taxes, tax uncertainty and burdensome new regulations according to the report.
Tags: Barack Obama, Economy, jobs
