If we’re ever to get the regulatory state under control, we have to start thinking about regulations as a form of tax or imposed cost and, as Mitchell argues, subjecting them to a cost-benefit analysis.
Obama imposed a big tax hike last year.
Instead, I’m referring to the increase in the regulatory burden.
Here are some excerpts from a report in The Hill.
The Obama administration issued $236 billion worth of new 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…
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