By State Senator Craig Estes, 04/23/13 – Americans are under constant assault by tens of thousands of federal bureaucrats armed with hundreds of thousands of pages of big-government regulations that control seemingly everything. This assault comes at a high price. The Wall Street Journal reported in 2011 that federal regulations cost the American economy $1.75 trillion per year. On top of that, President Obama issued 106 new major federal regulations in his first three years in office that have added more than $46 billion a year in new costs.
The Heritage Foundation, Dana Blauvelt July 29, 2011
“Do you heat your home? Light your rooms? Buy and cook food? Watch TV? If the answer is ‘yes,’ then you’ve fallen under federal regulation,” explains Heritage’s Mike Brownfield. “And you’re paying for it, too.”
In Red-Tape Rising: A 2011 Mid-Year Report, The Heritage Foundation’s James Gattuso and Diane Katz identify 15 new major regulations that have added $5.8 billion in annual costs along with $6.5 billion in costs for one-time implementation. And that’s just new regulations so far this year – there are thousands more, costing an estimated $1.75 trillion annually.