President Barack Obama’s regulatory agenda cost Americans $784 million every day the federal government was open for business last year, according to a new report, partly driven by costly environmental and health rules.
Bureaucrats pushed $197 billion in regulatory costs in 2015, including $99 billion in costs due to finalized regulations on industries covering energy producers to food companies to manufacturers. In total, regulators wrote 82,036 pages of rules in the Federal Register last year — a record level.
“A year of federal regulation can produce a numbers-rich discussion: $197 billion in costs, 82,036 pages of regulation, and 127 million paperwork burden hours,” Sam Batkins, regulatory policy director at the right-leaning American Action Forum (AAF), writes in a new report released Tuesday.
Photo: Getty Images