<img src="http://washingtonexaminer.com/files/styles/article-main-image/public/main/blogposts/b-red-tape-rising-MARCH-2012-chart-2.gif">
Some 10,215 new federal regulations from the Obama administration are costing consumers, businesses and the economy overall $46 billion annually, more than five times the regulatory price tag of former President Bush in his first three years in office. Worse: just implementing those regulations had a one-time additional cost of $11 billion, according to a Heritage Foundation analysis provided to Washington Secrets.
The analysis backs ups complaints from the U.S. Chamber of Commerce and other business groups that the presidentâs regulations are stalling the economy and employment growth. It also calls into question Obamaâs promise to put the breaks on new regulations and his State of the Union bragging about issuing less red tape than Bush.
The fact is, said Heritageâs review, hundreds more costly regulations are coming, especially those targeting energy companies and Wall Street. They threaten âto further weaken an anemic economy and job creation,â said Heritageâs James Gattuso and Diane Katz.
http://washingtonexaminer.com/polit...-new-study-finds-obama’s-regs-cost-46-billion
Some 10,215 new federal regulations from the Obama administration are costing consumers, businesses and the economy overall $46 billion annually, more than five times the regulatory price tag of former President Bush in his first three years in office. Worse: just implementing those regulations had a one-time additional cost of $11 billion, according to a Heritage Foundation analysis provided to Washington Secrets.
The analysis backs ups complaints from the U.S. Chamber of Commerce and other business groups that the presidentâs regulations are stalling the economy and employment growth. It also calls into question Obamaâs promise to put the breaks on new regulations and his State of the Union bragging about issuing less red tape than Bush.
The fact is, said Heritageâs review, hundreds more costly regulations are coming, especially those targeting energy companies and Wall Street. They threaten âto further weaken an anemic economy and job creation,â said Heritageâs James Gattuso and Diane Katz.
http://washingtonexaminer.com/polit...-new-study-finds-obama’s-regs-cost-46-billion