$1.8 Trillion Shock: Obama Regulations Cost 20 Times EstimateSubmitted by emalvini on Thu, 09/20/2012 - 12:34
$1.8 Trillion Shock: Obama Regulations Cost 20 Times Estimate
September 20, 2012 | 8:51 am
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.
And it could grow, warned the author of the report, Clyde Wayne Crews, a CEI vice president.
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.