Red Tape Rising: Obama's Torrent of New Regulation | The Heritage Foundation

Red Tape Rising: Obama's Torrent of New Regulation | The Heritage Foundation

1. 1 During fiscal year 2010, 43 new major regulations were adopted by the Obama Administration, with net new burdens on Americans exceeding $26.5 billion each year, a record increase.
2. 2 Fifteen of the 43 new major rules involve financial regulation. Another five stem from the Patient Protection and Affordable Care Act. But 10 rules adopted by the Environmental Protection Agency were responsible for the lion’s share of new regulatory costs—some $23.2 billion.
3. 3 Only five significant rules adopted in FY 2010 reduced regulatory burdens. Of these, cost reductions were quantified for only two, for reported savings of $1.5 billion.
4. 4 Regulatory burdens—and the taxpayer burden—are expected to increase again in 2011 as agencies continue to promulgate new rules related to health care, energy, financial services, and telecommunications.

More Obama Change America can't stand. And he still has plans to destroy more of America.