- Sep 19, 2011
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Current federal regulations plus those coming under Obamacare will cost American taxpayers and businesses $1.8 trillion annually,
more than twenty times the $88 billion the administration estimates, according to a new roundup provided to Secrets from the libertarian Competitive Enterprise Institute.
Complying with Health and Human Services Department requirements alone, he revealed,
costs $184 billion a year, yet regulators are still drafting the rules for the 2,400-page Obamacare law that kicks into gear in 2014.
The wave of Obama regulations has become a huge sore point in the business world with groups as large as the U.S. Chamber of Commerce down to the International Franchise Association crying for fewer rules. The administration, however, argues that the rules and regulations pushed out under the president have made products and workplaces safer.
$1.8 trillion shock: Obama regs cost 20-times estimate | WashingtonExaminer.com
more than twenty times the $88 billion the administration estimates, according to a new roundup provided to Secrets from the libertarian Competitive Enterprise Institute.
Complying with Health and Human Services Department requirements alone, he revealed,
costs $184 billion a year, yet regulators are still drafting the rules for the 2,400-page Obamacare law that kicks into gear in 2014.
The wave of Obama regulations has become a huge sore point in the business world with groups as large as the U.S. Chamber of Commerce down to the International Franchise Association crying for fewer rules. The administration, however, argues that the rules and regulations pushed out under the president have made products and workplaces safer.
$1.8 trillion shock: Obama regs cost 20-times estimate | WashingtonExaminer.com
