Congress and the White House have been focused for months on the federal budget—rightfully so, given perennial deficits and unsustainable levels of U.S. debt. However, federal spending accounts for only a portion of the burden placed on Americans by the government. Regulations impose huge additional costs, hindering job creation and innovation, while undermining Americans’ fundamental freedoms.
Those costs are on the rise. Annual regulatory costs increased by more than $23.5 billion during President Barack Obama’s fourth year in office—and by a total of nearly $70 billion during the first term. While historical records are incomplete, that magnitude of regulation is likely unmatched by any Administration in the nation’s history. And, despite a much-touted initiative to weed out unnecessary regulations, only two major rule changes reduced regulatory burdens in 2012.
http://www.heritage.org/research/reports/2013/05/red-tape-rising-regulation-in-obamas-first-termThese costs get passed on to everyone and meanwhile Obama wants more taxes.
