Friday, June 12, 2015

Obama's 'Growth' Agenda — $110 Billion In New Regs This Year

The day before Memorial Day, the Obama administration released its list of regulations in the pipeline for the next year. Given the price tag involved, it's no surprise that they didn't want anyone to notice it.
'It appears that August and October will be busy this year," writes Sam Batkins of the American Action Forum.
If he were writing about the economy, sports or anything else, that would be good news. Instead, he's reporting on the Obama administration's regulatory schedule for the year.
The problem is that when regulators get busy, the economy tends to fall into a torpor. Particularly when the rules and mandates they're getting ready to unleash are as sweeping and costly as these.
Batkins found the rules scheduled for August, October and all the other months over the next year will impose costs of $110 billion — based on the agencies' own estimates. And that number doesn't include estimates for the EPA's new efficiency standards for trucks — the previous one cost $8 billion — "or the dozens of other major rules without a public cost-benefit."

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