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Monday, January 14, 2013

Obama officials issued $216 billion in regulations last year

The analysis from the American Action Forum, led by former Congressional Budget Office Director Douglas Holtz-Eakin, found that the administration added $216 billion in rules and more than $20 billion in regulatory proposals in 2012. Complying with those rules will require an additional 87 million hours of paperwork, the report said.

The group put the total price tag from regulations during Obama’s first term at more than $518 billion.

The Environmental Protection Agency racked up the most in regulatory costs last year, according to the report, issuing $172 billion worth of rules.

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